BOOT Boot Barn Holdings, Inc. Insider Trading

Starrett sells 6,498 BOOT shares at $190.00; holdings drop 40.4% to 9,599 shares post-transaction.

STARRETT PETER sold 6,498 shares (40.4% of his pre-transaction holdings of 16,097 shares) at $190.00 on 2025-11-03 for $1,234,620.00. The transaction occurred near the company's 52-week high range ($89.13–$202.07), with the current price at $184.77 representing an 8.6% decline from the 52-week peak. Boot Barn's fundamentals remain solid—latest quarterly revenue of $505,396,000.00, net income of $42,222,000.00, and annual growth of 14.6%—though the stock trades at a P/E of 27.05 against a $5.6B market cap. The substantial reduction in Starrett's direct ownership (from 16.1K to 9.6K shares) represents a material concentration decision, occurring in a market context where the stock has risen 7.8% over 30 days and 10.3% over 90 days, yet remains below its recent highs.

Chief Merchandising Officer Grijalva sold 7,487 shares (51.3% of holdings) at $172.14; stock now near 52-week high, mirroring 2023 sell pattern.

Grijalva Laurie Marie, Chief Merchandising Officer, sold 7,487 shares on 2025-08-26 at $172.14 for $1,288,812.18, reducing her holdings by 51.3% from 14,593 to 7,106 shares. Her prior two sales at Boot Barn (2023-08-10 and 2023-08-09) occurred during periods where the stock subsequently declined 23.2% and 23.0% over 90 days respectively, establishing a pattern of well-timed exits. The current trade price of $172.14 sits just 2.7% below the 52-week high of $178.66, and the stock has gained 7.3% over the trailing 90 days, creating a markedly different market context than her previous exits. Her cross-ticker track record shows two prior sells with an average 90-day return of -23.1% and a 100% well-timed rate, suggesting consistent skill in identifying inflection points. Boot Barn's fundamentals remain robust with annual revenue growth of 14.6% and a P/E of 27.16, indicating no apparent operational deterioration.

Boot Barn interim CEO Hazen John sold 6,311 shares for $965,481.17 on 2025-01-02 at blended average $152.98, reducing holdings by 61.6%.

Interim CEO Hazen John executed 4 separate sales totaling 6,311 shares for $965,481.17 on 2025-01-02, reducing his holdings from 10,248 shares to 3,937 shares—a 61.6% reduction. The sales occurred at prices ranging from $151.47 to $154.65, with a blended average of $152.98; the stock now trades at $158.50, representing a 3.7% move above the transaction prices. His prior sell at BOOT (2023-08-03) registered a 90-day return of -31.4%, and his cross-ticker track record shows 1 prior sale with a 90-day return of -31.4% and a 100% well-timed rate at the 90-day mark. The magnitude of this liquidation—nearly two-thirds of his position in a single trading day—merits scrutiny given his interim CEO role and the stock's current proximity to its 52-week high ($167.81), though the interim nature of his position and the absence of any disclosed strategic context limit what timing inference can be drawn.

BOOT CEO Conroy James Grant sold 106,076 shares across 6 transactions on 2024-11-08 and 2024-11-11 for $14,365,217.60, reducing stake 81.8%.

Conroy James Grant, President and CEO of Boot Barn Holdings, executed 6 separate sales totaling 106,076 shares (106.1K shares) for $14,365,217.60 ($14.4M) across two trading days at an average price of $135.42. This sale reduced his holdings from 129,746 shares to 23,670 shares—a -81.8% reduction. The stock currently trades at $134.63, down 15.5% over 30 days and down 19.8% from its 52-week high of $167.81. Looking at his prior insider history, Grant's 3 prior sales across all tickers showed weak timing outcomes (30-day average return of -3.7%, 90-day average return of -8.5%), though his same-ticker history at BOOT showed 2 of 3 prior sells were well-timed at the 90-day mark. The near-complete liquidation of his position by the CEO, occurring as the stock has retreated significantly from its recent highs, represents a material reduction in insider alignment with shareholder interests and raises questions about management's forward outlook on the business.

CFO Watkins sells 9,356 shares (45.1% of holdings) for $1.4M at $153.69 avg; stock at $148.23 currently

Watkins James M, the CFO & SECRETARY, executed 2 separate sales totaling 9,356 shares for $1,437,920.83 on 2024-09-10, reducing his holdings by 45.1%. The blended average transaction price of $153.69 sits near the stock's 52-week high of $153.42, and significantly above the current price of $148.23. His prior sale at BOOT on 2023-11-07 posted a 90-day return of +8.4%, indicating the stock rose after that sale—a poorly-timed outcome by insider-sell standards. The company's annual revenue growth stands at +0.6% with a P/E of 29.82, suggesting limited organic expansion against a relatively elevated valuation. The sale magnitude and timing warrant monitoring given the proximity to the 52-week high and the CFO's material reduction in ownership stake.