Boot Barn (NYSE:BOOT) CFO James Watkins Purchases 2,000 Shares of Company Stock

Boot Barn Holdings, Inc. (NYSE:BOOT) CFO James Watkins acquired 2,000 shares of the business’s stock in a transaction on Thursday, November 12th. The stock was acquired at an average price of $135.37 per share, with a total value of $270,740.00. Following the acquisition, the chief financial officer owned 27,831 shares in the company, valued at $3,767,482.47. The trade was a 7.74% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Boot Barn Price Performance

BOOT opened at $133.84 on Friday. The company’s 50 day simple moving average is $127.53 and its two-hundred day simple moving average is $155.92. Boot Barn Holdings, Inc. has a 1-year low of $110.53 and a 1-year high of $210.25. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.04 and a beta of 1.72.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.10. Boot Barn had a return on equity of 18.82% and a net margin of 10.45%. The business had revenue of $581.81 million during the quarter, compared to analyst estimates of $580.80 million. During the same period in the prior year, the business earned $1.37 earnings per share. The business’s revenue was up 15.1% compared to the same quarter last year. On average, equities analysts anticipate that Boot Barn Holdings, Inc. will post 8.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BOOT. First Trust Advisors LP lifted its position in shares of Boot Barn by 14.1% during the third quarter. First Trust Advisors LP now owns 39,514 shares of the company’s stock worth $4,760,000 after purchasing an additional 4,883 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Boot Barn by 0.9% in the third quarter. Whittier Trust Co. now owns 93,429 shares of the company’s stock valued at $11,208,000 after purchasing an additional 842 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Boot Barn in the third quarter valued at approximately $36,000. GW&K Investment Management LLC grew its holdings in shares of Boot Barn by 3.5% in the third quarter. GW&K Investment Management LLC now owns 177,463 shares of the company’s stock valued at $21,379,000 after purchasing an additional 5,984 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in shares of Boot Barn by 27.8% in the third quarter. Stephens Investment Management Group LLC now owns 619,772 shares of the company’s stock valued at $74,664,000 after purchasing an additional 134,669 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on BOOT shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $175.00 target price on shares of Boot Barn in a research note on Friday, October 30th. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. UBS Group lowered their price target on shares of Boot Barn from $232.00 to $194.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Piper Sandler reissued an “overweight” rating and issued a $187.00 price objective (down from $226.00) on shares of Boot Barn in a report on Thursday, October 29th. Finally, Craig Hallum restated a “buy” rating and set a $225.00 price objective on shares of Boot Barn in a research report on Thursday, October 29th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $183.92.

Boot Barn Company Profile

Boot Barn Holdings, Inc. is a U.S. retailer specializing in Western and work-related footwear, apparel and accessories. It serves customers through retail stores and online sales. Its merchandise includes cowboy boots and other footwear, jeans, shirts, hats, outerwear, work clothing and safety footwear. Boot Barn sells products from third-party brands as well as private-label brands. The company serves customers across the United States and caters to Western lifestyle, workwear and outdoor customers.