Boot Barn (NYSE:BOOT) issued its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05, Briefing.com reports. The firm had revenue of $192.76 million during the quarter, compared to analyst estimates of $189.29 million. Boot Barn had a return on equity of 13.54% and a net margin of 4.93%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS.
Shares of NYSE:BOOT traded down $1.04 on Friday, reaching $26.34. 2,865,200 shares of the company traded hands, compared to its average volume of 935,059. Boot Barn has a fifty-two week low of $15.01 and a fifty-two week high of $32.21. The company has a market capitalization of $769.42 million, a PE ratio of 37.63, a price-to-earnings-growth ratio of 0.87 and a beta of 2.25. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.40 and a current ratio of 1.62.
A number of equities analysts have issued reports on BOOT shares. Pivotal Research reaffirmed a “buy” rating and set a $25.00 price target on shares of Boot Barn in a research note on Wednesday, January 30th. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Tuesday, April 9th. Sidoti started coverage on Boot Barn in a research note on Thursday, March 14th. They set a “buy” rating for the company. Wells Fargo & Co set a $30.00 price target on Boot Barn and gave the company a “hold” rating in a research note on Friday. Finally, ValuEngine lowered Boot Barn from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Boot Barn presently has a consensus rating of “Buy” and a consensus price target of $32.29.
In other news, Director Brenda I. Morris sold 7,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 17,724 shares in the company, valued at approximately $496,980.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
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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