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

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Boot Barn (NYSE:BOOT) released its quarterly earnings results on Wednesday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share.

Shares of BOOT traded down $1.04 during trading hours on Friday, hitting $26.34. 2,865,200 shares of the stock were exchanged, compared to its average volume of 935,059. Boot Barn has a fifty-two week low of $15.01 and a fifty-two week high of $32.21. The company has a quick ratio of 0.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.71. The stock has a market cap of $769.42 million, a PE ratio of 37.63, a price-to-earnings-growth ratio of 0.87 and a beta of 2.25.

Several research firms have recently issued reports on BOOT. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Tuesday, April 9th. Pivotal Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and raised their price target for the company from $28.00 to $30.00 in a research note on Monday. ValuEngine raised shares of Boot Barn from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Sidoti initiated coverage on shares of Boot Barn in a research note on Thursday, March 14th. They set a “buy” rating for the company. Finally, Piper Jaffray Companies increased their price objective on shares of Boot Barn from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $30.71.

In other news, Director Brenda I. Morris sold 7,000 shares of the 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 completion of the sale, the director now directly owns 17,724 shares in the company, valued at $496,980.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

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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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