Insider Selling: Boot Barn Holdings, Inc. (NYSE:BOOT) Insider Sells $403,367.23 in Stock

Boot Barn Holdings, Inc. (NYSE:BOOT) insider John Hazen sold 3,563 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $113.21, for a total transaction of $403,367.23. Following the sale, the insider now directly owns 1,309 shares of the company’s stock, valued at approximately $148,191.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Boot Barn Stock Down 2.9 %

Shares of Boot Barn stock opened at $110.28 on Thursday. The firm has a market cap of $3.35 billion, a PE ratio of 22.98 and a beta of 2.15. Boot Barn Holdings, Inc. has a 52 week low of $64.56 and a 52 week high of $115.97. The business’s fifty day simple moving average is $100.37 and its 200-day simple moving average is $86.20.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BOOT. Vanguard Group Inc. increased its position in shares of Boot Barn by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock valued at $210,638,000 after acquiring an additional 35,925 shares during the last quarter. Wellington Management Group LLP increased its holdings in Boot Barn by 186.6% in the 4th quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock valued at $197,527,000 after purchasing an additional 1,675,410 shares during the last quarter. Wasatch Advisors LP raised its position in Boot Barn by 43.8% in the first quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock valued at $202,830,000 after purchasing an additional 649,021 shares during the period. Dimensional Fund Advisors LP raised its position in Boot Barn by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,086,810 shares of the company’s stock valued at $83,425,000 after purchasing an additional 16,308 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Boot Barn by 35.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 700,007 shares of the company’s stock worth $53,733,000 after purchasing an additional 182,130 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BOOT shares. TD Cowen boosted their price target on shares of Boot Barn from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Benchmark upped their price target on Boot Barn from $88.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price objective on Boot Barn from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday. Robert W. Baird boosted their price objective on Boot Barn from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Finally, BTIG Research cut their target price on Boot Barn from $127.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and a consensus target price of $110.45.

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.