Boot Barn Holdings, Inc. (NYSE:BOOT) CEO John Hazen Sells 6,311 Shares

Boot Barn Holdings, Inc. (NYSE:BOOT) CEO John Hazen sold 6,311 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $158.50 on Monday. The firm has a 50 day moving average price of $142.01 and a two-hundred day moving average price of $142.00. The stock has a market cap of $4.84 billion, a P/E ratio of 31.83 and a beta of 2.10. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The company had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. Analysts predict that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BOOT shares. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and upped their price objective for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. Williams Trading reiterated a “buy” rating and issued a $173.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Citigroup lowered their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Finally, Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.55.

Hedge Funds Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new stake in Boot Barn during the 3rd quarter worth about $25,000. Canada Pension Plan Investment Board acquired a new stake in Boot Barn during the second quarter worth approximately $64,000. GAMMA Investing LLC increased its holdings in Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after purchasing an additional 268 shares in the last quarter. USA Financial Formulas bought a new stake in Boot Barn in the third quarter worth approximately $92,000. Finally, KBC Group NV lifted its stake in Boot Barn by 23.3% in the third quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after buying an additional 180 shares during the period.

Boot Barn Company Profile

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.