Monitoring Boot Barn Holdings Inc. (BOOT) after recent insider movements


Boot Barn Holdings Inc.’s recent filing unveils that its PRESIDENT AND CEO Conroy James Grant unloaded Company’s shares for reported $10.69 million on Aug 15. In the deal valued at $94.11 per share,113,637 shares were sold. As a result of this transaction, Conroy James Grant now holds 46,273 shares worth roughly $ 4.28 million.

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Then, Conroy James Grant sold 113,636 shares, generating $10,578,375 in total proceeds. Upon selling the shares at $93.09, the PRESIDENT AND CEO now owns 46,273 shares.

Before that, Love Michael A sold 10,250 shares. Boot Barn Holdings Inc. shares valued at $973,135 were divested by the CHIEF RETAIL OFFICER at a price of $94.94 per share. As a result of the transaction, Love Michael A now holds 2,965 shares, worth roughly $0.27 million.

BTIG Research initiated its Boot Barn Holdings Inc. [BOOT] rating to a Buy in a research note published on Friday, February 07, 2023; the price target was $110. PT values the company’s stock at a premium of 15.87 to its Friday closing price.

Price Performance Review of BOOT

On Friday, Boot Barn Holdings Inc. [NYSE:BOOT] saw its stock jump 0.86% to $92.54. On the same session, the stock had its day’s lowest price of $91.78, but rose to a high of $94.01. Over the last five days, the stock has gained 2.45%. Boot Barn Holdings Inc. shares have risen nearly 48.02% since the year began. Nevertheless, the stocks have risen 38.91% over the past one year. While a 52-week high of $104.91 was reached on 08/03/23, a 52-week low of $50.20 was recorded on 01/06/23. SMA at 50 days reached $91.20, while 200 days put it at $76.80. A total of 0.52 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For BOOT Stock

The 24-hour chart illustrates a support level at 91.54, which if violated will result in even more drops to 90.55. On the upside, there is a resistance level at 93.77. A further resistance level may holdings at 95.01. The Relative Strength Index (RSI) on the 14-day chart is 51.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.25%. Stochastics %K at 49.16% indicates the stock is a holding.

How much short interest is there in Boot Barn Holdings Inc.?

A steep rise in short interest was recorded in Boot Barn Holdings Inc. stocks on Aug 14, 2023, growing by 0.17 million shares to a total of 2.73 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.56 million shares. There was a rise of 6.23%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 10.91% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.41.

Boot Barn Holdings Inc. [BOOT] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,265,937 shares, or roughly 14.24% of the outstanding BOOT shares. In other words, the investor’s shares have fallen by -37,043 from its previous 13-F filing of 4302980.0. Additionally, The Vanguard Group, Inc. decreased -0.82% of its stake after which the total value it holdings stand at $246,817,840, while Capital Research & Management Co added 350.18% of its stake to hold $167.82 million in the firm. Over the last quarter, Wasatch Advisors, Inc. sold -28,730 shares of Boot Barn Holdings Inc., while Dimensional Fund Advisors LP sold 86,165 shares. At present, SSgA Funds Management, Inc. is holding 1,128,031 shares valued at $105.92 million. Loomis, Sayles & Co. LP owned 577,590 shares of the company at the time of its most recent 13F filing, worth $54.24 million.

According to FactSet, Boot Barn Holdings Inc.’s share price will average $112.71 in the next year, based on opinions of analysts polled by the firm. This is up nearly 25.34 percent from its previous closing price of $91.75. Analysts expect Boot Barn Holdings Inc. stock to reach the higher price of $130.00, while the lowest price estimate is $88.00. However, 14 analysts have rated BOOT stock as a Buy in their predictions for 2023.


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