Gregory V. Hackman Sells 15,749 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) Stock

Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) COO Gregory V. Hackman sold 15,749 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $69.16, for a total transaction of $1,089,200.84. Following the sale, the chief operating officer now owns 57,120 shares of the company’s stock, valued at $3,950,419.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Boot Barn Stock Up 4.9 %

Shares of BOOT traded up $3.31 on Friday, reaching $70.51. The company’s stock had a trading volume of 1,061,264 shares, compared to its average volume of 785,608. The stock has a market capitalization of $2.11 billion, a PE ratio of 11.96, a PEG ratio of 1.10 and a beta of 2.35. The company has a current ratio of 1.79, a quick ratio of 0.21 and a debt-to-equity ratio of 0.43. Boot Barn Holdings, Inc. has a twelve month low of $50.20 and a twelve month high of $88.80. The firm has a fifty day moving average of $72.14 and a 200-day moving average of $71.07.

Boot Barn (NYSE:BOOT – Get Rating) last announced its earnings results on Wednesday, May 17th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.08. Boot Barn had a return on equity of 24.07% and a net margin of 10.29%. The firm had revenue of $425.70 million during the quarter, compared to analyst estimates of $441.00 million. During the same period last year, the firm posted $1.47 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that Boot Barn Holdings, Inc. will post 4.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BOOT. UBS Group decreased their price target on Boot Barn from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, March 29th. Bank of America dropped their price target on Boot Barn from $85.00 to $80.00 in a research note on Thursday, May 18th. 888 reissued a “maintains” rating on shares of Boot Barn in a research note on Thursday, May 18th. BTIG Research reduced their price target on shares of Boot Barn from $110.00 to $107.00 in a report on Monday, May 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boot Barn from $94.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. increased its stake in shares of Boot Barn by 19.7% during the fourth quarter. First Horizon Advisors Inc. now owns 906 shares of the company’s stock valued at $57,000 after buying an additional 149 shares during the period. Amalgamated Bank lifted its position in Boot Barn by 1.0% during the fourth quarter. Amalgamated Bank now owns 14,578 shares of the company’s stock valued at $911,000 after buying an additional 150 shares during the period. US Bancorp DE grew its holdings in Boot Barn by 3.7% in the first quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $425,000 after purchasing an additional 161 shares during the period. Cerity Partners LLC purchased a new stake in Boot Barn in the first quarter worth about $701,000. Finally, Captrust Financial Advisors raised its stake in Boot Barn by 14.7% during the second quarter. Captrust Financial Advisors now owns 1,767 shares of the company’s stock valued at $122,000 after buying an additional 226 shares during the last quarter.

About Boot Barn

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Boot Barn Holdings, Inc engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. The firm’s products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.