Boot Barn (NYSE:BOOT) Releases Quarterly Earnings Results, Meets Expectations

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

Shares of NYSE BOOT traded down $2.39 during mid-day trading on Tuesday, reaching $57.43. 1,221,362 shares of the company traded hands, compared to its average volume of 827,662. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 1.36. The stock has a market cap of $1.66 billion, a PE ratio of 49.44, a price-to-earnings-growth ratio of 1.90 and a beta of 3.07. The company’s fifty day moving average is $46.88 and its two-hundred day moving average is $34.03. Boot Barn has a fifty-two week low of $8.03 and a fifty-two week high of $62.50.

Several brokerages recently issued reports on BOOT. Cowen increased their price objective on Boot Barn from $47.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 12th. Piper Sandler increased their price objective on Boot Barn from $24.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Craig Hallum increased their price objective on Boot Barn from $48.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday. Jefferies Financial Group upped their target price on Boot Barn from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Citigroup upped their target price on Boot Barn from $37.00 to $65.00 in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Boot Barn has an average rating of “Buy” and a consensus price target of $50.23.

In related news, CEO James Grant Conroy sold 26,935 shares of the stock in a transaction that occurred on Wednesday, January 6th. The stock was sold at an average price of $45.00, for a total transaction of $1,212,075.00. Following the completion of the sale, the chief executive officer now owns 31,580 shares in the company, valued at approximately $1,421,100. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Greg Bettinelli sold 2,620 shares of the stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $41.89, for a total value of $109,751.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,242 shares of company stock worth $2,780,615. 1.80% of the stock is currently owned by insiders.

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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