Boot Barn (BOOT) Scheduled to Post Quarterly Earnings on Tuesday

Boot Barn (NYSE:BOOT) is set to issue its quarterly earnings data after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of $0.89 per share for the quarter.

Boot Barn Stock Performance

BOOT stock traded up $0.42 during midday trading on Wednesday, hitting $103.22. 177,631 shares of the stock were exchanged, compared to its average volume of 801,399. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 19.14 and a beta of 2.15. Boot Barn has a fifty-two week low of $64.33 and a fifty-two week high of $110.89. The stock’s 50-day moving average price is $96.04 and its 200-day moving average price is $83.33.

Insider Buying and Selling

In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of Boot Barn stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $92.38, for a total transaction of $1,799,377.64. Following the transaction, the chief executive officer now directly owns 46,273 shares of the company’s stock, valued at $4,274,699.74. The sale was disclosed in a filing with the SEC, which is available at this link. In other Boot Barn news, CEO James Grant Conroy sold 19,478 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $92.38, for a total value of $1,799,377.64. Following the completion of the transaction, the chief executive officer now owns 46,273 shares in the company, valued at approximately $4,274,699.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laurie Marie Grijalva sold 5,861 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $90.31, for a total value of $529,306.91. Following the completion of the transaction, the insider now owns 5,861 shares in the company, valued at approximately $529,306.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,339 shares of company stock valued at $2,413,715. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BOOT. KeyCorp initiated coverage on Boot Barn in a report on Wednesday, February 7th. They issued a “sector weight” rating for the company. Piper Sandler boosted their price objective on shares of Boot Barn from $94.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Williams Trading reaffirmed a “hold” rating on shares of Boot Barn in a research note on Tuesday, January 16th. TD Cowen increased their price target on Boot Barn from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Finally, StockNews.com downgraded Boot Barn from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and a consensus target price of $109.11.

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.