Boot Barn Holdings, Inc. (NYSE:BOOT) CFO James M. Watkins Acquires 2,500 Shares

Boot Barn Holdings, Inc. (NYSE:BOOTGet Rating) CFO James M. Watkins purchased 2,500 shares of the stock in a transaction on Friday, August 5th. The shares were acquired at an average cost of $60.83 per share, for a total transaction of $152,075.00. Following the transaction, the chief financial officer now owns 8,353 shares of the company’s stock, valued at $508,112.99. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Boot Barn Trading Up 0.7 %

NYSE:BOOT traded up $0.44 on Friday, hitting $61.29. The company had a trading volume of 483,914 shares, compared to its average volume of 637,707. Boot Barn Holdings, Inc. has a 52 week low of $58.51 and a 52 week high of $134.50. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.52 and a beta of 2.54. The firm has a 50 day moving average of $73.21 and a two-hundred day moving average of $84.32.

Boot Barn (NYSE:BOOTGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.15. The firm had revenue of $383.31 million during the quarter, compared to the consensus estimate of $354.02 million. Boot Barn had a net margin of 12.35% and a return on equity of 33.09%. The company’s revenue for the quarter was up 48.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, equities analysts forecast that Boot Barn Holdings, Inc. will post 6.04 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on BOOT. Piper Sandler lowered their price target on shares of Boot Barn from $132.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, July 28th. Citigroup decreased their price target on Boot Barn from $132.00 to $110.00 in a research report on Thursday, July 28th. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Friday, May 27th. Craig Hallum reduced their price objective on shares of Boot Barn from $145.00 to $120.00 in a research note on Thursday, July 28th. Finally, UBS Group cut their price target on shares of Boot Barn from $80.00 to $70.00 and set a “neutral” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $112.90.

Hedge Funds Weigh In On Boot Barn

Hedge funds have recently bought and sold shares of the company. TimesSquare Capital Management LLC lifted its holdings in Boot Barn by 25.3% during the second quarter. TimesSquare Capital Management LLC now owns 288,105 shares of the company’s stock worth $19,853,000 after acquiring an additional 58,175 shares during the period. Aviva PLC raised its stake in shares of Boot Barn by 5.4% during the 2nd quarter. Aviva PLC now owns 26,365 shares of the company’s stock worth $1,817,000 after purchasing an additional 1,348 shares during the period. Lisanti Capital Growth LLC boosted its holdings in shares of Boot Barn by 86.4% in the 2nd quarter. Lisanti Capital Growth LLC now owns 206,321 shares of the company’s stock worth $14,218,000 after buying an additional 95,606 shares during the last quarter. Sciencast Management LP grew its position in Boot Barn by 192.3% during the second quarter. Sciencast Management LP now owns 6,632 shares of the company’s stock valued at $400,000 after buying an additional 4,363 shares during the period. Finally, Congress Asset Management Co. MA boosted its stake in Boot Barn by 13.7% in the second quarter. Congress Asset Management Co. MA now owns 208,644 shares of the company’s stock valued at $14,378,000 after acquiring an additional 25,160 shares during the last quarter.

Boot Barn Company Profile

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Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

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Insider Buying and Selling by Quarter for Boot Barn (NYSE:BOOT)

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