Boot Barn Holdings Inc (NYSE:BOOT) Director Greg Bettinelli Sells 3,906 Shares
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.
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.
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