Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Boot Barn Holdings Inc. shares valued at $4,604,430 were sold by Conroy James Grant on Feb 10. At $80.95 per share, Conroy James Grant sold 56,880 shares. The insider’s holdings dropped to 35,701 shares worth approximately $2.4 million following the completion of this transaction.
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Also, Watkins James M purchased 2,500 shares, netting a total of over 130,838 in proceeds. Following the buying of shares at $52.34 each, the insider now holds 11,730 shares.
Before that, STARRETT PETER had added 4,000 shares to its account. In a trade valued at $283,505, the Director bought Boot Barn Holdings Inc. shares for $70.88 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $0.99 million.
Analyzing BOOT Stock Performance
On Thursday, Boot Barn Holdings Inc. [NYSE: BOOT] rose 2.13% to $67.20. The stock’s lowest price that day was $65.16, but it reached a high of $67.79 in the same session. During the last five days, there has been a surge of approximately 0.64%. Over the course of the year, Boot Barn Holdings Inc. shares have jumped approximately 7.49%. Shares of the company reached a 52-week high of $88.80 on 02/02/23 and a 52-week low of $59.21 on 01/06/23. A 50-day SMA is recorded $72.22, while a 200-day SMA reached $68.64. Nevertheless, trading volume fell to 1.05 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for Boot Barn Holdings Inc. (BOOT)
According to the 24-hour chart, there is a support level at 65.64, which, if violated, would cause prices to drop to 64.09. In the upper region, resistance lies at 68.27. The next price resistance is at 69.35. RSI (Relative Strength Index) is 42.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.74, which suggests the price will decrease in the coming days. Percent R is at 73.81%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Boot Barn Holdings Inc. subject to short interest?
Stocks of Boot Barn Holdings Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 0.77 million shares to 3.21 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 2.44 million shares. A jump of 23.99% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.25 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.25.
Which companies own the most shares of Boot Barn Holdings Inc. (BOOT)?
According to BlackRock Fund Advisors filings, the company currently owns 4,302,980 shares, which is about 14.43% of the total BOOT shares outstanding. The investor’s shares have plunged by -125,690 from its previous 13-F filing of 4428670.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $192,067,676. Wasatch Advisors, Inc. reduced a -10.52% interest valued at $111.56 million while SSgA Funds Management, Inc. purchased a 38,093 stake. A total of 15,939 shares of Boot Barn Holdings Inc. were bought by Dimensional Fund Advisors LP during the quarter, and -292,180 were sold by Marshall Wace LLP. In its current portfolio, Holocene Advisors, LP holds 763,586 shares valued at $55.34 million.
In terms of Boot Barn Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $83.08 in the next 12 months, up nearly 27.66% from the previous closing price of $65.80. Analysts anticipate Boot Barn Holdings Inc. stock to reach $100.00 by 2023, with the lowest price target being $70.00. In spite of this, 14 analysts ranked Boot Barn Holdings Inc. stock as a Buy at the end of 2023.