Boot Barn (NYSE:BOOT) released its quarterly earnings results on Wednesday. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.05, Briefing.com reports. Boot Barn had a return on equity of 13.54% and a net margin of 4.93%. The business had revenue of $192.76 million for the quarter, compared to analysts’ expectations of $189.29 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 12.9% compared to the same quarter last year.
NYSE BOOT traded down $1.04 on Friday, hitting $26.34. 2,865,200 shares of the stock traded hands, compared to its average volume of 935,059. Boot Barn has a twelve month low of $15.01 and a twelve month high of $32.21. The stock has a market capitalization of $769.42 million, a P/E ratio of 37.63, a PEG ratio of 0.87 and a beta of 2.25. The company has a quick ratio of 0.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.71.
Several research analysts recently commented on the company. Wells Fargo & Co set a $30.00 price target on Boot Barn and gave the stock a “hold” rating in a research note on Friday. ValuEngine cut Boot Barn from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, April 9th. Pivotal Research cut Boot Barn from a “buy” rating to a “hold” rating and boosted their price target for the stock from $28.00 to $30.00 in a research note on Monday. Finally, Sidoti assumed coverage on Boot Barn in a research note on Thursday, March 14th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $32.29.
In other Boot Barn news, Director Brenda I. Morris sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $28.04, for a total transaction of $196,280.00. Following the sale, the director now owns 17,724 shares in the company, valued at $496,980.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.
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Boot Barn Company Profile
Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
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