Today it was reported that the CFO of Boot Barn (NYSE: BOOT), Gregory Hackman, exercised options to sell 18,093 BOOT shares at $7.11 a share, for a total transaction value of $533.2K.
Following Gregory Hackman’s last BOOT Sell transaction on May 24, 2016, the stock climbed by 22.7%. This is Hackman’s first Sell trade following 3 Buy transactions.
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Based on Boot Barn’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $162 million and quarterly net profit of $6.76 million. In comparison, last year the company earned revenue of $139 million and had a net profit of $777K. BOOT’s market cap is $837.9M and the company has a P/E ratio of 23.95. Currently, Boot Barn has an average volume of 827.3K.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $29.75, reflecting a -0.6% downside.
The insider sentiment on Boot Barn has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Boot Barn Holdings, Inc. engages in the operation of retail chain stores of western and work-related footwear, apparel, and accessories. The company’s products include boots, jeans, accessories, hats, gifts and home products, and work wear.
