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

Boot Barn Holdings, Inc. (NYSE:BOOT) CEO John Hazen sold 6,311 shares of the stock in a transaction 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 directly owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Boot Barn Stock Performance

Boot Barn stock traded up $5.88 during trading hours on Friday, reaching $158.50. 576,899 shares of the stock were exchanged, compared to its average volume of 572,049. The stock has a market cap of $4.84 billion, a P/E ratio of 31.83 and a beta of 2.14. The firm’s 50 day moving average is $142.00 and its 200 day moving average is $141.69. 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 results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. The business had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Equities research analysts expect that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BOOT shares. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Citigroup dropped their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. UBS Group lifted their price target on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. BTIG Research increased their price objective on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and an average target price of $164.55.

Institutional Investors Weigh In On Boot Barn

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in Boot Barn by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 84,556 shares of the company’s stock valued at $10,902,000 after purchasing an additional 543 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of Boot Barn by 19.8% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 58,015 shares of the company’s stock worth $7,480,000 after buying an additional 9,600 shares in the last quarter. Arizona State Retirement System grew its stake in Boot Barn by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,483 shares of the company’s stock valued at $1,094,000 after acquiring an additional 160 shares during the last quarter. Choreo LLC purchased a new position in Boot Barn during the 2nd quarter valued at about $213,000. Finally, Texas Permanent School Fund Corp increased its holdings in Boot Barn by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 26,677 shares of the company’s stock valued at $3,439,000 after acquiring an additional 158 shares in the last quarter.

About Boot Barn

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.