Boot Barn Holdings Inc’s filing revealed that its PRESIDENT AND CEO Conroy James Grant unloaded Company’s shares for reported $1.8 million on Feb 29 ’24. In the deal valued at $92.38 per share,19,478 shares were sold. As a result of this transaction, Conroy James Grant now holds 46,273 shares worth roughly $4.67 million.
Then, Love Michael A sold 9,031 shares, generating $800,508 in total proceeds. Upon selling the shares at $88.64, the CHIEF RETAIL OFFICER now owns 2,965 shares.
Before that, Grijalva Laurie Marie sold 5,861 shares. Boot Barn Holdings Inc shares valued at $529,307 were divested by the CHIEF MERCHANDISING OFFICER at a price of $90.31 per share. As a result of the transaction, Grijalva Laurie Marie now holds 5,861 shares, worth roughly $0.59 million.
KeyBanc Capital Markets initiated its Boot Barn Holdings Inc [BOOT] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. B. Riley Securities also remained covering BOOT and reiterated its “Buy” recommendation on February 01, 2024. UBS revised its rating on January 05, 2024. It rated BOOT as “a Buy” which previously was an “a Neutral”.
Price Performance Review of BOOT
On Friday, Boot Barn Holdings Inc [NYSE:BOOT] saw its stock jump 2.65% to $100.85. Over the last five days, the stock has gained 5.99%. Boot Barn Holdings Inc shares have risen nearly 31.38% since the year began. Nevertheless, the stocks have risen 37.02% over the past one year. While a 52-week high of $104.91 was reached on 04/04/24, a 52-week low of $64.33 was recorded on 01/04/24. SMA at 50 days reached $87.44, while 200 days put it at $82.98. A total of 0.72 million shares were traded, compared to the trading of 0.73 million shares in the previous session.
Levels Of Support And Resistance For BOOT Stock
The 24-hour chart illustrates a support level at 98.81, which if violated will result in even more drops to 96.78. On the upside, there is a resistance level at 101.90. A further resistance level may holdings at 102.96. The Relative Strength Index (RSI) on the 14-day chart is 71.13, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.28%. Stochastics %K at 81.28% indicates the stock is a selling.
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 Mar 15, 2024, growing by 90000.0 shares to a total of 3.97 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.88 million shares. There was a rise of 2.27%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.58.
The most recent change occurred on November 21, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $92 price target.
