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

Boot Barn Holdings, Inc. (NYSE:BOOT) CFO James Watkins bought 2,000 shares of the business’s stock in a transaction dated Thursday, November 12th. The shares were bought at an average cost of $135.37 per share, with a total value of $270,740.00. Following the purchase, the chief financial officer directly owned 27,831 shares of the company’s stock, valued at approximately $3,767,482.47. This represents a 7.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Boot Barn Price Performance

Boot Barn stock traded down $1.66 during midday trading on Thursday, reaching $133.84. The company had a trading volume of 568,599 shares, compared to its average volume of 727,296. The company has a market capitalization of $4.00 billion, a P/E ratio of 16.20, a P/E/G ratio of 1.03 and a beta of 1.72. Boot Barn Holdings, Inc. has a 12-month low of $110.53 and a 12-month high of $210.25. The firm’s fifty day simple moving average is $127.84 and its 200-day simple moving average is $156.16.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on BOOT shares. Stephens raised their price objective on Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Craig Hallum restated a “buy” rating and set a $225.00 price target on shares of Boot Barn in a research report on Thursday, October 29th. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 target price on shares of Boot Barn in a research note on Friday, October 30th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $195.00 price target on shares of Boot Barn in a report on Monday. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and a consensus target price of $183.92.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new position in Boot Barn in the second quarter worth approximately $33,000. CoreCap Advisors LLC raised its position in Boot Barn by 85.8% in the third quarter. CoreCap Advisors LLC now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 103 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Boot Barn in the 3rd quarter valued at $27,000. Signaturefd LLC lifted its stake in shares of Boot Barn by 183.3% in the 3rd quarter. Signaturefd LLC now owns 255 shares of the company’s stock valued at $31,000 after purchasing an additional 165 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Boot Barn during the 2nd quarter worth $46,000.

About Boot Barn

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.