Boot Barn (BOOT) Scheduled to Post Earnings on Wednesday

Boot Barn (NYSE:BOOTGet Rating) will issue its quarterly earnings data after the market closes on Wednesday, July 27th. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Boot Barn (NYSE:BOOTGet Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.15. The firm had revenue of $383.31 million for the quarter, compared to analysts’ expectations of $354.02 million. Boot Barn had a net margin of 12.93% and a return on equity of 36.19%. The business’s revenue was up 48.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. On average, analysts expect Boot Barn to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boot Barn Stock Down 1.8 %

Boot Barn stock opened at $72.92 on Monday. The stock has a market cap of $2.17 billion, a P/E ratio of 11.50, a P/E/G ratio of 0.57 and a beta of 2.75. Boot Barn has a twelve month low of $63.56 and a twelve month high of $134.50. The company’s 50-day moving average price is $75.77 and its two-hundred day moving average price is $87.04.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BOOT. Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research report on Friday, May 27th. Craig Hallum decreased their target price on shares of Boot Barn from $162.00 to $145.00 in a research report on Wednesday, May 11th. Piper Sandler upgraded shares of Boot Barn from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $109.00 to $121.00 in a research report on Friday, May 6th. StockNews.com began coverage on shares of Boot Barn in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, UBS Group decreased their target price on shares of Boot Barn from $110.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, July 15th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.50.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, insider John Hazen sold 3,107 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $76.76, for a total value of $238,493.32. Following the sale, the insider now owns 5,566 shares in the company, valued at $427,246.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Boot Barn news, insider John Hazen sold 3,107 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $76.76, for a total value of $238,493.32. Following the sale, the insider now owns 5,566 shares in the company, valued at $427,246.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Starrett bought 1,200 shares of the business’s stock in a transaction on Friday, May 27th. The stock was bought at an average price of $80.89 per share, for a total transaction of $97,068.00. Following the transaction, the director now directly owns 10,799 shares of the company’s stock, valued at $873,531.11. The disclosure for this purchase can be found here. Insiders have sold 10,506 shares of company stock worth $781,292 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Boot Barn

Several large investors have recently modified their holdings of the business. US Bancorp DE raised its stake in shares of Boot Barn by 3.7% during the first quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $425,000 after acquiring an additional 161 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Boot Barn by 9.9% during the first quarter. Mackenzie Financial Corp now owns 2,611 shares of the company’s stock valued at $247,000 after acquiring an additional 235 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Boot Barn by 15.7% during the first quarter. Guggenheim Capital LLC now owns 2,817 shares of the company’s stock valued at $267,000 after acquiring an additional 382 shares during the last quarter. UBS Group AG raised its stake in shares of Boot Barn by 22.4% during the first quarter. UBS Group AG now owns 4,507 shares of the company’s stock valued at $427,000 after acquiring an additional 825 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Boot Barn by 161.6% during the first quarter. Captrust Financial Advisors now owns 1,541 shares of the company’s stock valued at $146,000 after acquiring an additional 952 shares during the last quarter.

About Boot Barn

(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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