Boot Barn (NYSE:BOOT) Holdings, Inc. (NYSE:BOOT) executive John Hazen, the company's Chief Digital Officer, has sold a portion of his holdings in the company. On May 17, 2024, Hazen sold 3,563 shares of common stock at a weighted average price of $113.21, totaling approximately $403,367 in value. The transactions took place in multiple sales with prices ranging from $113.08 to $113.44.
Prior to this sale, Hazen was granted 4,925 shares underlying restricted stock units on May 16, 2024, under Boot Barn's 2020 Equity Incentive Plan. These shares are subject to a three-year vesting period, with equal annual installments on each anniversary of the grant date. Following the sale, Hazen's total number of shares of common stock underlying restricted stock units that remain subject to time-based vesting is 15,292.
Boot Barn Holdings, Inc., a retailer specializing in footwear, has its shares traded under the ticker BOOT on the New York Stock Exchange. The company's business address is located in Irvine, California.
The recent stock sale by Hazen is a notable transaction for investors following insider activity at Boot Barn Holdings, Inc. The shares were sold at market prices, providing insights into the executive's stock holdings and movements. After the sale, Hazen still maintains a significant vested interest in the company through his remaining restricted stock units.
InvestingPro Insights
As Boot Barn Holdings, Inc. (NYSE:BOOT) navigates through the market, recent data from InvestingPro has provided valuable insights into the company's financial health and stock performance. The company's current market capitalization stands at approximately $3.49 billion, reflecting investor confidence in its business model and growth prospects. With a price-to-earnings (P/E) ratio of 23.52, Boot Barn shows a market valuation that investors might consider when gauging the company's earnings relative to its share price.
InvestingPro Tips indicate that Boot Barn's stock price movements have been quite volatile, which may be of interest to investors looking for short-term trading opportunities or those concerned with the stock's stability. However, it's worth noting that the company's cash flows can sufficiently cover interest payments, providing a level of reassurance regarding its financial obligations. Moreover, Boot Barn has been profitable over the last twelve months, which is a positive sign for potential investors considering the company's track record of generating profits.
For those monitoring the stock's performance, Boot Barn has been trading near its 52-week high, with the price at 99.24% of this peak and a previous close of $113.68. This could signal strong market sentiment and investor interest in the company. Additionally, with a robust return of 77.54% over the past year, the stock has demonstrated significant growth, potentially rewarding long-term investors.
For more in-depth analysis and additional InvestingPro Tips, such as the company's strong return over various periods and its moderate level of debt, visit InvestingPro. There are currently 14 more InvestingPro Tips available for Boot Barn, which can be accessed with a subscription. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing even more insights to help make informed investment decisions.
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