Boot Barn (NYSE:BOOT) Posts Earnings Results, Beats Expectations By $0.15 EPS

Boot Barn (NYSE:BOOTGet Rating) issued its quarterly earnings results on Tuesday. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15, MarketWatch Earnings reports. The firm had revenue of $383.31 million for the quarter, compared to analysts’ expectations of $354.02 million. Boot Barn had a return on equity of 36.19% and a net margin of 12.93%. The business’s revenue for the quarter was up 48.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS.

NYSE:BOOT traded up $3.55 on Friday, hitting $90.51. The stock had a trading volume of 771,984 shares, compared to its average volume of 584,591. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.67 and a beta of 2.78. The company has a fifty day moving average price of $93.95 and a two-hundred day moving average price of $102.83. Boot Barn has a 1-year low of $69.44 and a 1-year high of $134.50.

A number of equities research analysts have weighed in on the stock. Craig Hallum decreased their target price on shares of Boot Barn from $162.00 to $145.00 in a research note on Wednesday. Zacks Investment Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. StockNews.com started coverage on shares of Boot Barn in a report on Thursday, March 31st. They issued a “hold” rating for the company. Seaport Res Ptn reissued a “neutral” rating on shares of Boot Barn in a report on Tuesday, January 18th. Finally, Robert W. Baird lowered their price target on shares of Boot Barn from $145.00 to $130.00 in a report on Friday, January 28th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $124.00.

In other news, insider John Hazen sold 11,254 shares of the company’s stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $100.44, for a total value of $1,130,351.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO James M. Watkins acquired 2,500 shares of the firm’s stock in a transaction dated Thursday, February 24th. The stock was bought at an average price of $77.00 per share, for a total transaction of $192,500.00. The disclosure for this purchase can be found here. Insiders own 0.86% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Boot Barn by 5.4% in the 4th quarter. BlackRock Inc. now owns 4,655,016 shares of the company’s stock valued at $572,802,000 after purchasing an additional 238,170 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Boot Barn by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 2,663,917 shares of the company’s stock valued at $252,512,000 after purchasing an additional 84,077 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Boot Barn by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,319,793 shares of the company’s stock valued at $117,306,000 after purchasing an additional 12,570 shares during the last quarter. FMR LLC increased its position in shares of Boot Barn by 15.9% in the 1st quarter. FMR LLC now owns 1,099,719 shares of the company’s stock valued at $32,376,000 after purchasing an additional 150,763 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Boot Barn by 40.7% in the 4th quarter. Invesco Ltd. now owns 993,480 shares of the company’s stock valued at $122,247,000 after buying an additional 287,417 shares in the last quarter.

Boot Barn Company Profile (Get Rating)

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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