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

Boot Barn Holdings, Inc. (NYSE:BOOT) CEO John Hazen sold 6,311 shares of Boot Barn 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 owns 3,937 shares in the company, valued at approximately $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 through this link.

Boot Barn Price Performance

NYSE BOOT opened at $158.50 on Friday. The company has a 50-day moving average of $142.01 and a 200-day moving average of $141.88. Boot Barn Holdings, Inc. has a 12 month low of $68.37 and a 12 month high of $169.83. The company has a market cap of $4.84 billion, a P/E ratio of 31.83 and a beta of 2.14.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating 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 net margin of 8.73% and a return on equity of 15.89%. Boot Barn’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $0.91 EPS. As a group, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Hedge Funds Weigh In On Boot Barn

A number of large investors have recently modified their holdings of BOOT. Marshall Wace LLP purchased a new stake in shares of Boot Barn during the 2nd quarter worth about $19,532,000. State Street Corp grew its stake in Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock worth $202,132,000 after buying an additional 51,356 shares during the period. JPMorgan Chase & Co. increased its position in shares of Boot Barn by 56.5% in the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock worth $23,638,000 after acquiring an additional 51,032 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Boot Barn in the 3rd quarter valued at $5,931,000. Finally, Sei Investments Co. lifted its holdings in shares of Boot Barn by 39.3% during the 2nd quarter. Sei Investments Co. now owns 102,933 shares of the company’s stock valued at $13,271,000 after acquiring an additional 29,049 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BOOT. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $160.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Benchmark reissued a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Citigroup cut their price objective on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Finally, UBS Group increased their target price on Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.55.

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.