Boot Barn Holdings Inc (NYSE:BOOT) Director Greg Bettinelli sold 3,906 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $34.84, for a total transaction of $136,085.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of BOOT stock traded down $0.52 on Friday, hitting $31.98. The stock had a trading volume of 35,153 shares, compared to its average volume of 647,088. The business has a 50 day moving average of $31.91 and a 200 day moving average of $30.57. The stock has a market cap of $871.38 million, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.08 and a beta of 2.32. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.16. Boot Barn Holdings Inc has a 12-month low of $15.01 and a 12-month high of $39.59.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.11. The company had revenue of $185.77 million during the quarter, compared to the consensus estimate of $179.98 million. Boot Barn had a net margin of 5.24% and a return on equity of 15.99%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. As a group, research analysts expect that Boot Barn Holdings Inc will post 1.66 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC increased its holdings in Boot Barn by 5.1% during the second quarter. Jane Street Group LLC now owns 7,357 shares of the company’s stock worth $262,000 after buying an additional 357 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Boot Barn by 43.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the company’s stock worth $56,000 after buying an additional 476 shares during the last quarter. Hancock Whitney Corp increased its holdings in Boot Barn by 1.7% during the second quarter. Hancock Whitney Corp now owns 29,110 shares of the company’s stock worth $1,037,000 after buying an additional 478 shares during the last quarter. Private Capital Group LLC increased its holdings in Boot Barn by 110.6% during the second quarter. Private Capital Group LLC now owns 1,255 shares of the company’s stock worth $26,000 after buying an additional 659 shares during the last quarter. Finally, Globeflex Capital L P increased its holdings in Boot Barn by 15.1% during the first quarter. Globeflex Capital L P now owns 6,159 shares of the company’s stock worth $181,000 after buying an additional 810 shares during the last quarter.

Several research firms have weighed in on BOOT. Wells Fargo & Co set a $30.00 price objective on shares of Boot Barn and gave the stock a “hold” rating in a report on Friday, May 17th. Piper Jaffray Companies upped their price objective on shares of Boot Barn from $41.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Robert W. Baird downgraded shares of Boot Barn from an “outperform” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a report on Monday, July 8th. Pivotal Research reiterated a “hold” rating and issued a $35.00 target price (up previously from $31.00) on shares of Boot Barn in a report on Thursday, August 1st. Finally, Citigroup downgraded shares of Boot Barn from a “buy” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $33.00 in a report on Monday, July 15th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $35.10.

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.

Read More: Different Types of Derivatives

Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.