Boot Barn Holdings, Inc. (BOOT) Director Sells $883,062.00 in Stock

Boot Barn Holdings, Inc. (NYSE:BOOT) Director Greg Bettinelli sold 51,192 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total transaction of $883,062.00. Following the sale, the director now directly owns 58,875 shares in the company, valued at $1,015,593.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Boot Barn Holdings, Inc. (NYSE BOOT) traded up $0.70 on Friday, reaching $18.29. 1,809,242 shares of the company’s stock traded hands, compared to its average volume of 933,585. The company has a quick ratio of 0.16, a current ratio of 1.32 and a debt-to-equity ratio of 1.04. The company has a market cap of $488.40, a PE ratio of 33.25, a P/E/G ratio of 1.73 and a beta of 1.79. Boot Barn Holdings, Inc. has a 1-year low of $5.90 and a 1-year high of $19.66.

Boot Barn (NYSE:BOOT) last posted its earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The business had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $139.92 million. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. research analysts forecast that Boot Barn Holdings, Inc. will post 0.67 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new position in Boot Barn during the 4th quarter valued at about $348,000. GSA Capital Partners LLP bought a new position in Boot Barn during the 3rd quarter valued at about $1,261,000. Cubist Systematic Strategies LLC bought a new position in shares of Boot Barn in the 3rd quarter worth approximately $151,000. Dimensional Fund Advisors LP lifted its stake in shares of Boot Barn by 38.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 865,400 shares of the company’s stock worth $7,702,000 after purchasing an additional 238,407 shares during the period. Finally, Citadel Advisors LLC lifted its stake in shares of Boot Barn by 1.8% in the 3rd quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock worth $4,808,000 after purchasing an additional 9,437 shares during the period.

Several brokerages recently commented on BOOT. Robert W. Baird increased their price objective on shares of Boot Barn from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Jefferies Group reissued a “buy” rating and set a $20.00 price objective on shares of Boot Barn in a research report on Monday, December 18th. JPMorgan Chase & Co. raised shares of Boot Barn from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $9.00 to $17.00 in a research report on Sunday, November 26th. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research report on Tuesday, October 3rd. Finally, Wells Fargo & Co set a $20.00 price objective on shares of Boot Barn and gave the company a “hold” rating in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Boot Barn has a consensus rating of “Buy” and an average target price of $13.64.

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About Boot Barn

Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.

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