Boot Barn Holdings Inc (NYSE:BOOT) CFO Gregory V. Hackman sold 18,093 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $29.47, for a total transaction of $533,200.71. Following the sale, the chief financial officer now directly owns 46,705 shares in the company, valued at approximately $1,376,396.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NYSE:BOOT opened at $29.94 on Wednesday. The firm has a market capitalization of $837.91 million, a PE ratio of 42.77, a P/E/G ratio of 1.21 and a beta of 1.82. Boot Barn Holdings Inc has a one year low of $7.37 and a one year high of $30.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.20 and a current ratio of 1.59.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $161.98 million for the quarter, compared to analyst estimates of $159.57 million. Boot Barn had a net margin of 4.98% and a return on equity of 11.04%. research analysts expect that Boot Barn Holdings Inc will post 1.08 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of Boot Barn by 175.9% in the 2nd quarter. Acadian Asset Management LLC now owns 92,565 shares of the company’s stock valued at $1,921,000 after purchasing an additional 59,010 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Boot Barn in the 1st quarter valued at $1,124,000. GSA Capital Partners LLP purchased a new stake in shares of Boot Barn in the 2nd quarter valued at $1,614,000. The Manufacturers Life Insurance Company boosted its stake in shares of Boot Barn by 49.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 14,791 shares of the company’s stock valued at $262,000 after purchasing an additional 4,883 shares in the last quarter. Finally, Interval Partners LP purchased a new stake in shares of Boot Barn in the 1st quarter valued at $3,103,000.

A number of brokerages have recently commented on BOOT. Zacks Investment Research raised shares of Boot Barn from a “sell” rating to a “hold” rating and set a $25.00 price target on the stock in a report on Friday, May 11th. Pivotal Research set a $20.00 price target on shares of Boot Barn and gave the stock a “hold” rating in a report on Monday, May 14th. Robert W. Baird increased their price target on shares of Boot Barn from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, May 16th. They noted that the move was a valuation call. Jefferies Financial Group increased their price target on shares of Boot Barn to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 16th. Finally, Wells Fargo & Co set a $25.00 price target on shares of Boot Barn and gave the stock a “hold” rating in a report on Wednesday, May 16th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $24.00.

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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Insider Buying and Selling by Quarter for Boot Barn (NYSE:BOOT)

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