Boot Barn (NYSE:BOOT) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.45-0.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.43. Boot Barn also updated its FY18 guidance to $0.60-0.64 EPS.
Shares of Boot Barn (NYSE:BOOT) opened at $16.94 on Monday. Boot Barn has a 1 year low of $5.90 and a 1 year high of $17.68. The stock has a market cap of $451.74, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 1.77 and a beta of 1.79. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.16 and a current ratio of 1.32.
Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The business had revenue of $143.10 million during the quarter, compared to analyst estimates of $139.92 million. During the same period in the previous year, the business posted $0.02 earnings per share. Boot Barn’s revenue for the quarter was up 6.8% on a year-over-year basis. equities research analysts anticipate that Boot Barn will post 0.61 EPS for the current year.
A number of brokerages have recently weighed in on BOOT. Zacks Investment Research upgraded shares of Boot Barn from a hold rating to a buy rating and set a $9.75 price objective for the company in a report on Tuesday, October 3rd. Jefferies Group restated a buy rating on shares of Boot Barn in a report on Wednesday, October 11th. Robert W. Baird restated a buy rating and issued a $11.00 price objective on shares of Boot Barn in a report on Friday, October 13th. TheStreet upgraded shares of Boot Barn from a d rating to a c rating in a report on Monday, October 30th. Finally, Citigroup boosted their price objective on shares of Boot Barn from $10.00 to $12.00 and gave the stock a buy rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $12.84.
An institutional investor recently raised its position in Boot Barn stock. State Street Corp boosted its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 203,372 shares of the company’s stock after buying an additional 8,835 shares during the quarter. State Street Corp owned approximately 0.76% of Boot Barn worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.
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Boot Barn Company Profile
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
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