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 firm’s 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 of the company’s stock, 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 filing with the SEC, which is available through the SEC website.

Boot Barn Price Performance

Shares of BOOT opened at $158.50 on Friday. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 31.83 and a beta of 2.10. Boot Barn Holdings, Inc. has a 1-year low of $68.37 and a 1-year high of $169.83. The company has a 50-day moving average of $142.01 and a 200 day moving average of $141.94.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million during 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%. Boot Barn’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. On average, equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BOOT shares. Williams Trading restated a “buy” rating and issued a $173.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective on the stock in a research report on Wednesday, October 30th. BTIG Research lifted their target price on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and increased their price target for the company from $154.00 to $162.00 in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $164.55.

Hedge Funds Weigh In On Boot Barn

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after purchasing an additional 6,369 shares during the period. Algert Global LLC boosted its stake in shares of Boot Barn by 653.9% during the third quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after purchasing an additional 19,950 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Boot Barn during the third quarter valued at approximately $3,343,000. Public Sector Pension Investment Board increased its holdings in Boot Barn by 7.7% during the second quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company’s stock valued at $8,626,000 after buying an additional 4,785 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Boot Barn by 51.1% in the third quarter. Victory Capital Management Inc. now owns 14,362 shares of the company’s stock worth $2,402,000 after buying an additional 4,856 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.