Analysts have recently updated their ratings and price targets for Boot Barn Holdings, Inc. (NYSE: BOOT) in light of significant insider transactions. Most notably, on November 3, 2023, Chairman Peter Starrett sold 6,498 shares of the company’s stock at an average price of $190.00. The total transaction amounted to $1,234,620.00. Following this sale, Starrett retained a holding of 9,599 shares, currently valued at approximately $1,823,810. This transaction signifies a substantial decrease of 40.37% in his position within the company.
The details of this transaction were disclosed in a filing with the Securities and Exchange Commission, underscoring the transparency of insider trading activities. It is noteworthy that company insiders currently hold 0.66% of Boot Barn’s stock, reflecting a relatively low level of insider ownership.
About Boot Barn Holdings, Inc.
Boot Barn operates a network of specialty retail stores across the United States, focusing on western and work-related footwear, apparel, and accessories. The company’s offerings include a wide range of products such as boots, shirts, jackets, hats, belts, handbags, and western-style jewelry. Additionally, Boot Barn provides rugged footwear, outerwear, overalls, denim, and specialized clothing designed for flame resistance and high visibility.
As the company continues to evolve, the recent changes in analyst ratings and insider transactions may influence investor sentiment and market performance. Stakeholders and potential investors are encouraged to monitor these developments closely.
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