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Potential Price Increase for Boot Barn Holdings Inc (BOOT) After Recent Insider Activity

CHWY Stock

Boot Barn Holdings Inc’s filing revealed that its INTERIM CEO Hazen John unloaded Company’s shares for reported $0.97 million on Jan 02 ’25. In the deal valued at $152.98 per share,6,311 shares were sold. As a result of this transaction, Hazen John now holds 3,937 shares worth roughly $0.64 million.

Then, Hazen John bought 6,311 shares, generating $965,484 in total proceeds.

Before that, Conroy James Grant sold 53,697 shares. Boot Barn Holdings Inc shares valued at $7,268,261 were divested by the PRESIDENT AND CEO at a price of $135.36 per share. As a result of the transaction, Conroy James Grant now holds 69,943 shares, worth roughly $11.31 million.

UBS upgraded its Boot Barn Holdings Inc [BOOT] rating to a Buy from a a Neutral in a research note published on January 10, 2025; the price target was increased to $210 from $155. Robert W. Baird also remained covering BOOT and has increased its forecast on October 30, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. BTIG Research maintained its rating on October 29, 2024. It rated BOOT as “a Buy”.

Price Performance Review of BOOT

On Tuesday, Boot Barn Holdings Inc [NYSE:BOOT] saw its stock jump 0.65% to $161.75. Over the last five days, the stock has gained 4.38%. Boot Barn Holdings Inc shares have risen nearly 6.54% since the year began. Nevertheless, the stocks have risen 131.27% over the past one year. While a 52-week high of $169.83 was reached on 01/13/25, a 52-week low of $69.35 was recorded on 01/14/25. SMA at 50 days reached $146.09, while 200 days put it at $134.66.

Levels Of Support And Resistance For BOOT Stock

The 24-hour chart illustrates a support level at 159.03, which if violated will result in even more drops to 156.32. On the upside, there is a resistance level at 164.19. A further resistance level may holdings at 166.64. The Relative Strength Index (RSI) on the 14-day chart is 62.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.61%. Stochastics %K at 60.83% 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 2024-12-31, dropping by -0.25 million shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.14 million shares. There was a decline of -13.02%, which implies that there is a negative sentiment for the stock.

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