Boot Barn (NYSE:BOOT) Issues Quarterly Earnings Results, Beats Estimates By $0.32 EPS

Boot Barn (NYSE:BOOT) posted its earnings results on Tuesday. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.32, MarketWatch Earnings reports. Boot Barn had a net margin of 4.45% and a return on equity of 10.57%. The firm had revenue of $258.90 million for the quarter, compared to analysts’ expectations of $226.02 million. During the same quarter last year, the firm earned $0.18 EPS. The company’s quarterly revenue was up 37.3% compared to the same quarter last year.

Shares of BOOT traded up $0.96 during mid-day trading on Friday, reaching $75.00. 381 shares of the stock traded hands, compared to its average volume of 535,935. The firm has a fifty day moving average price of $67.71 and a 200 day moving average price of $54.30. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 60.20, a price-to-earnings-growth ratio of 1.90 and a beta of 3.07. The company has a current ratio of 1.36, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. Boot Barn has a 1 year low of $17.49 and a 1 year high of $75.65.

Several research firms have commented on BOOT. Jefferies Financial Group lifted their target price on shares of Boot Barn from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 26th. Cowen raised their price target on shares of Boot Barn from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 10th. TheStreet upgraded shares of Boot Barn from a “c+” rating to a “b-” rating in a research note on Friday, January 15th. Craig Hallum raised their price target on shares of Boot Barn from $54.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Monday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Boot Barn currently has a consensus rating of “Buy” and an average price target of $53.00.

In other news, CEO James Grant Conroy sold 61,996 shares of the business’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $60.52, for a total transaction of $3,751,997.92. Following the completion of the transaction, the chief executive officer now directly owns 70,920 shares in the company, valued at approximately $4,292,078.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Hazen sold 2,459 shares of the business’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of $73.97, for a total transaction of $181,892.23. The disclosure for this sale can be found here. Insiders have sold a total of 75,709 shares of company stock valued at $4,660,786 over the last 90 days. Company insiders own 1.80% of the company’s stock.

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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Earnings History for Boot Barn (NYSE:BOOT)

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