Boot Barn (NYSE:BOOT) Posts Earnings Results


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Boot Barn (NYSE:BOOT) announced its earnings results on Sunday. The company reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00, Fidelity Earnings reports. Boot Barn had a return on equity of 10.57% and a net margin of 4.45%. The business had revenue of $302.33 million during the quarter, compared to analysts’ expectations of $303.27 million. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year.

Shares of BOOT traded down $2.22 during midday trading on Tuesday, hitting $57.60. 51,464 shares of the stock were exchanged, compared to its average volume of 798,065. Boot Barn has a 52-week low of $8.03 and a 52-week high of $62.31. The stock has a fifty day simple moving average of $46.88 and a 200 day simple moving average of $34.03. The firm has a market cap of $1.66 billion, a P/E ratio of 49.44, a P/E/G ratio of 1.90 and a beta of 3.07. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 1.36.

BOOT has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on Boot Barn from $57.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday. Smith Barney Citigroup increased their price target on Boot Barn from $30.00 to $37.00 in a report on Thursday, October 29th. JPMorgan Chase & Co. raised Boot Barn from a “neutral” rating to an “overweight” rating and increased their price target for the company from $46.00 to $60.00 in a report on Monday, January 11th. 140166 raised Boot Barn from a “negative” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Monday, October 12th. Finally, Piper Sandler increased their price target on Boot Barn from $24.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $50.23.

In other news, CEO James Grant Conroy sold 26,935 shares of the firm’s stock in a transaction on Monday, January 11th. The stock was sold at an average price of $52.98, for a total transaction of $1,427,016.30. Following the completion of the transaction, the chief executive officer now directly owns 31,580 shares in the company, valued at $1,673,108.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John Hazen sold 752 shares of the firm’s stock in a transaction on Friday, November 27th. The stock was sold at an average price of $42.25, for a total value of $31,772.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,242 shares of company stock valued at $2,780,615. Company insiders own 1.80% of the company’s stock.

About Boot Barn

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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