Boot Barn Holdings Inc (NYSE:BOOT) was the recipient of a significant decline in short interest in the month of November. As of November 29th, there was short interest totalling 2,800,000 shares, a decline of 18.8% from the November 14th total of 3,450,000 shares. Based on an average daily volume of 700,100 shares, the days-to-cover ratio is presently 4.0 days. Currently, 9.9% of the company’s shares are sold short.
NYSE BOOT traded down $0.08 during trading hours on Friday, hitting $43.01. The company had a trading volume of 440,355 shares, compared to its average volume of 556,701. Boot Barn has a fifty-two week low of $15.01 and a fifty-two week high of $44.05. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 1.39 and a beta of 2.29. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 0.12. The firm’s 50 day moving average is $39.96 and its 200 day moving average is $34.86.
Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. Boot Barn had a return on equity of 16.61% and a net margin of 5.51%. The company had revenue of $187.20 million for the quarter, compared to analysts’ expectations of $184.13 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. On average, equities analysts anticipate that Boot Barn will post 1.76 EPS for the current year.
In other Boot Barn news, insider Laurie Marie Grijalva sold 19,625 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $39.91, for a total transaction of $783,233.75. Following the transaction, the insider now owns 21,747 shares of the company’s stock, valued at $867,922.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Gregory V. Hackman sold 48,405 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $42.52, for a total transaction of $2,058,180.60. Following the transaction, the chief financial officer now directly owns 37,132 shares in the company, valued at approximately $1,578,852.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,111 shares of company stock valued at $6,084,607. 1.70% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of BOOT. BlackRock Inc. increased its stake in Boot Barn by 114.1% during the 2nd quarter. BlackRock Inc. now owns 4,132,782 shares of the company’s stock worth $147,293,000 after buying an additional 2,202,171 shares during the period. Invesco Ltd. lifted its stake in shares of Boot Barn by 130.9% in the second quarter. Invesco Ltd. now owns 1,914,562 shares of the company’s stock worth $68,234,000 after acquiring an additional 1,085,550 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Boot Barn by 21.2% in the second quarter. Vanguard Group Inc. now owns 2,587,530 shares of the company’s stock valued at $92,220,000 after purchasing an additional 452,793 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Boot Barn by 1,460.8% in the second quarter. Renaissance Technologies LLC now owns 454,200 shares of the company’s stock valued at $16,188,000 after purchasing an additional 425,100 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Boot Barn during the 3rd quarter valued at approximately $10,743,000.
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.
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