Boot Barn (NYSE:BOOT) issued its earnings results on Wednesday. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.05, Briefing.com reports. The business had revenue of $192.76 million during the quarter, compared to the consensus estimate of $189.29 million. Boot Barn had a return on equity of 13.54% and a net margin of 4.93%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share.
BOOT stock traded down $1.04 on Friday, reaching $26.34. 2,864,574 shares of the company traded hands, compared to its average volume of 935,052. Boot Barn has a one year low of $15.01 and a one year 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 firm 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.
A number of brokerages have weighed in on BOOT. ValuEngine downgraded Boot Barn from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, April 9th. Pivotal Research lowered Boot Barn from a “buy” rating to a “hold” rating and increased their target price for the stock from $28.00 to $30.00 in a research report on Monday. Sidoti began coverage on Boot Barn in a research report on Thursday, March 14th. They issued a “buy” rating for the company. Finally, Piper Jaffray Companies increased their target price on Boot Barn from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $30.71.
In related news, Director Brenda I. Morris sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $28.04, for a total transaction of $196,280.00. Following the completion of the transaction, the director now owns 17,724 shares of the company’s stock, valued at approximately $496,980.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company 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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