Boot Barn Holdings Inc (NYSE:BOOT), a lifestyle retailer of western and work-related footwear, apparel, and accessories for men, women, and children, has reported an insider sale according to a recent SEC filing. President and CEO James Conroy sold 19,478 shares of the company on February 29, 2024.
The transaction was executed at an average price of $92.38 per share, resulting in a total sale amount of approximately $1.8 million. Following this transaction, the insider's stake in Boot Barn Holdings Inc has decreased, reflecting a change in the insider's investment in the company.
Over the past year, James Conroy has sold a total of 246,751 shares of Boot Barn Holdings Inc and has not made any purchases of the stock. This latest sale continues a trend of insider selling at the company, with a total of 10 insider sells and no insider buys reported over the same timeframe.
The market capitalization of Boot Barn Holdings Inc stands at $2.802 billion as of the date of the insider sale. The stock's price-earnings ratio is 16.76, which is below both the industry median of 17.8 and the company's historical median price-earnings ratio, suggesting a potentially lower valuation compared to its peers and its own trading history.
According to the GuruFocus Value chart, with a stock price of $92.38 and a GF Value of $88.92, Boot Barn Holdings Inc is considered Fairly Valued, with a price-to-GF-Value ratio of 1.04. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
Investors and analysts often monitor insider transactions as they can provide insights into the insider's view of the company's value and future prospects. While the reasons behind insider sales can vary, they may include diversification of personal investment portfolios, tax planning, or other personal financial considerations.
The SEC filing for the transaction can be found here.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
