Boot Barn (NYSE:BOOT) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Boot Barn (NYSE:BOOT) issued its quarterly earnings data on Tuesday. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01), Briefing.com reports. The company had revenue of $284.00 million during the quarter, compared to analyst estimates of $278.75 million. Boot Barn had a net margin of 5.51% and a return on equity of 16.61%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS.

BOOT stock traded down $4.41 during trading on Wednesday, reaching $37.85. The stock had a trading volume of 219,350 shares, compared to its average volume of 805,424. Boot Barn has a 1-year low of $22.74 and a 1-year high of $48.11. The company has a current ratio of 1.14, a quick ratio of 0.12 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.20 billion, a P/E ratio of 24.38, a PEG ratio of 1.39 and a beta of 2.38. The firm has a fifty day moving average price of $43.99 and a 200 day moving average price of $37.91.

In other Boot Barn news, CFO Gregory V. Hackman sold 48,405 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.52, for a total value of $2,058,180.60. Following the transaction, the chief financial officer now owns 37,132 shares in the company, valued at approximately $1,578,852.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Grant Conroy sold 33,216 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $41.68, for a total transaction of $1,384,442.88. Insiders sold a total of 145,111 shares of company stock worth $6,084,607 in the last quarter. 1.70% of the stock is currently owned by company insiders.

Several analysts have recently issued reports on the company. ValuEngine cut Boot Barn from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Tuesday, January 7th. Pivotal Research lowered their price objective on shares of Boot Barn from $46.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $52.00 price target on shares of Boot Barn in a research report on Tuesday, January 14th. Finally, Stephens assumed coverage on shares of Boot Barn in a research report on Tuesday, October 8th. They set an “overweight” rating and a $46.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $43.67.

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.

Further Reading: Diversification

Earnings History for Boot Barn (NYSE:BOOT)

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