Boot Barn (BOOT) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Boot Barn (NYSE:BOOT) posted its earnings results on Wednesday. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05, 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%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share.

Shares of BOOT stock traded down $1.06 during trading hours on Friday, reaching $26.32. The stock had a trading volume of 154,365 shares, compared to its average volume of 611,711. 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 12 month low of $15.01 and a 12 month high of $32.21. The firm has a market capitalization of $769.42 million, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 0.87 and a beta of 2.25.

Several equities analysts have recently weighed in on BOOT shares. Pivotal Research reiterated a “buy” rating and issued a $25.00 target price on shares of Boot Barn in a research note on Wednesday, January 30th. Zacks Investment Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. ValuEngine upgraded shares of Boot Barn from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Sidoti started coverage on shares of Boot Barn in a research report on Thursday, March 14th. They issued a “buy” rating for the company. Finally, Piper Jaffray Companies raised their price objective on shares of Boot Barn from $33.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Boot Barn has an average rating of “Buy” and an average 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 that occurred 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 completion of the sale, the director now directly owns 17,724 shares in the company, valued at $496,980.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

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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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Earnings History for Boot Barn (NYSE:BOOT)

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