Boot Barn Holdings Inc's Chief Merchandising Officer Sells Company Shares
Laurie Grijalva, the Chief Merchandising Officer of Boot Barn Holdings Inc (NYSE:BOOT), has sold 5,861 shares of the company on February 15, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $90.31 per share, resulting in a total value of $529,336.91.
Boot Barn Holdings Inc is a retailer dedicated to western and work-related footwear, apparel, and accessories. The company's merchandise includes boots, jeans, accessories, hats, gifts, and home products. They cater to the needs of western and work clients seeking style, quality, and value.
Over the past year, the insider has sold a total of 47,294 shares of Boot Barn Holdings Inc and has not made any purchases of the stock. This latest transaction continues the trend observed over the past year, where there have been a total of 8 insider sells and 0 insider buys.
On the day of the insider's recent sale, shares of Boot Barn Holdings Inc were trading at $90.31, giving the company a market cap of $2.745 billion. The price-earnings ratio of the stock stands at 16.87, which is lower than the industry median of 17.58 and also below the companys historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.02, with a GF Value of $88.36, indicating that Boot Barn Holdings Inc is Fairly Valued based on its GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider selling as it can provide insights into an insider's perspective on the valuation of the company's stock. While a single insider selling transaction may not be indicative of the company's future performance, a trend of insider sales could signal that insiders believe the stock may be fully valued or that they are taking profits after a period of stock price appreciation.
It is important to note that insider transactions are just one piece of the puzzle when evaluating a company's financial health and investment potential. Investors should also consider a wide range of financial metrics and perform their own due diligence before making investment decisions.
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.
This article first appeared on GuruFocus.
