Boot Barn Holdings Inc (NYSE:BOOT) insider Laurie Marie Grijalva sold 41,779 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $29.90, for a total value of $1,249,192.10. Following the sale, the insider now owns 18,327 shares of the company’s stock, valued at approximately $547,977.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Boot Barn stock opened at $29.73 on Friday. Boot Barn Holdings Inc has a 12 month low of $7.37 and a 12 month high of $30.86. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.59 and a quick ratio of 0.20. The company has a market cap of $841.27 million, a PE ratio of 36.65, a P/E/G ratio of 1.21 and a beta of 1.83.
Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $161.98 million during the quarter, compared to analysts’ expectations of $159.57 million. Boot Barn had a return on equity of 11.04% and a net margin of 4.98%. sell-side analysts anticipate that Boot Barn Holdings Inc will post 1.08 EPS for the current fiscal year.
BOOT has been the subject of several analyst reports. TheStreet upgraded Boot Barn from a “c+” rating to a “b” rating in a research note on Tuesday, August 28th. Pivotal Research set a $24.00 price target on Boot Barn and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Boot Barn from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a research note on Friday, May 11th. Robert W. Baird upped their price target on Boot Barn from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 16th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies upped their price target on Boot Barn to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 16th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.00.
A number of large investors have recently added to or reduced their stakes in BOOT. Wells Fargo & Company MN raised its position in Boot Barn by 16.9% in the first quarter. Wells Fargo & Company MN now owns 26,826 shares of the company’s stock worth $475,000 after acquiring an additional 3,885 shares in the last quarter. Rhumbline Advisers raised its position in Boot Barn by 46.1% in the first quarter. Rhumbline Advisers now owns 17,998 shares of the company’s stock worth $319,000 after acquiring an additional 5,675 shares in the last quarter. Alps Advisors Inc. purchased a new position in Boot Barn in the first quarter worth $456,000. Algert Global LLC purchased a new position in Boot Barn in the first quarter worth $297,000. Finally, SG Americas Securities LLC purchased a new position in Boot Barn in the first quarter worth $107,000.
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.
Read More: Understanding Price to Earnings Ratio (PE)
Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.