Insider Selling: Boot Barn Holdings, Inc. (NYSE:BOOT) Director Sells 1,500 Shares of Stock

Boot Barn Holdings, Inc. (NYSE:BOOT) Director Brenda I. Morris sold 1,500 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $110.11, for a total transaction of $165,165.00. Following the sale, the director now directly owns 4,546 shares of the company’s stock, valued at approximately $500,560.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Boot Barn Trading Up 1.8 %

Shares of Boot Barn stock opened at $113.25 on Monday. The firm has a market capitalization of $3.44 billion, a P/E ratio of 23.59 and a beta of 2.15. The business has a fifty day simple moving average of $101.40 and a two-hundred day simple moving average of $86.80. Boot Barn Holdings, Inc. has a 12 month low of $64.85 and a 12 month high of $115.97.

Analyst Ratings Changes

Several equities research analysts have weighed in on BOOT shares. Craig Hallum increased their price target on shares of Boot Barn from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Benchmark increased their price target on shares of Boot Barn from $88.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. KeyCorp began coverage on shares of Boot Barn in a research report on Wednesday, February 7th. They issued a “sector weight” rating for the company. Robert W. Baird raised their target price on shares of Boot Barn from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Finally, Piper Sandler raised their target price on shares of Boot Barn from $94.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $110.45.

Hedge Funds Weigh In On Boot Barn

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOOT. Wellington Management Group LLP raised its position in shares of Boot Barn by 186.6% in the 4th quarter. Wellington Management Group LLP now owns 2,573,306 shares of the company’s stock worth $197,527,000 after purchasing an additional 1,675,410 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Boot Barn by 43.8% in the 1st quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock worth $202,830,000 after purchasing an additional 649,021 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Boot Barn in the 4th quarter worth about $32,361,000. Capital Research Global Investors purchased a new position in shares of Boot Barn in the 1st quarter worth about $32,779,000. Finally, American Century Companies Inc. purchased a new position in shares of Boot Barn in the 3rd quarter worth about $23,028,000.

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.