Boot Barn (NYSE:BOOT) released its 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 the consensus estimate of $189.29 million. Boot Barn had a net margin of 4.93% and a return on equity of 13.54%. Boot Barn’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share.
Shares of Boot Barn stock traded down $1.04 during midday trading on Friday, hitting $26.34. The company had a trading volume of 2,864,574 shares, compared to its average volume of 935,052. The company has a market cap of $769.42 million, a price-to-earnings ratio of 37.63, a PEG ratio of 0.87 and a beta of 2.25. The company has a current ratio of 1.62, a quick ratio of 0.40 and a debt-to-equity ratio of 0.71. Boot Barn has a 1-year low of $15.01 and a 1-year high of $32.21.
Several analysts have weighed in on BOOT shares. Pivotal Research reiterated a “buy” rating and set a $25.00 target price on shares of Boot Barn in a research note on Wednesday, January 30th. Zacks Investment Research cut Boot Barn from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. ValuEngine raised Boot Barn from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Sidoti began coverage on Boot Barn in a research report on Thursday, March 14th. They set a “buy” rating for the company. Finally, Piper Jaffray Companies upped their target price on Boot Barn from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $30.71.
In other Boot Barn news, Director Brenda I. Morris sold 7,000 shares of Boot Barn stock in a transaction on Tuesday, February 19th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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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