Boot Barn (NYSE:BOOT) Releases Earnings Results, Beats Estimates By $0.02 EPS

Boot Barn (NYSE:BOOT) released its earnings results on Monday. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02, Briefing.com reports. The firm had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Boot Barn Trading Down 19.4 %

Shares of BOOT traded down $31.31 during mid-day trading on Tuesday, hitting $129.91. The company’s stock had a trading volume of 786,098 shares, compared to its average volume of 740,820. Boot Barn has a 52-week low of $66.73 and a 52-week high of $169.83. The company’s 50-day moving average is $154.70 and its 200-day moving average is $132.17. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 27.06 and a beta of 2.12.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BOOT shares. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Robert W. Baird upped their price target on shares of Boot Barn from $140.00 to $167.00 and gave the company a “neutral” rating in a report on Tuesday, October 1st. BTIG Research raised their price objective on shares of Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday. Williams Trading restated a “buy” rating and set a $173.00 target price on shares of Boot Barn in a research report on Tuesday. Finally, Citigroup increased their price target on Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Boot Barn presently has a consensus rating of “Moderate Buy” and an average price target of $160.45.

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.