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

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

Boot Barn Price Performance

Shares of NYSE:BOOT traded down $1.42 during midday trading on Thursday, reaching $125.76. The company had a trading volume of 36,181 shares, compared to its average volume of 760,631. The stock’s fifty day moving average price is $154.30 and its 200-day moving average price is $132.35. The stock has a market capitalization of $3.82 billion, a P/E ratio of 26.48 and a beta of 2.12. Boot Barn has a one year low of $66.73 and a one year high of $169.83.

Analysts Set New Price Targets

BOOT has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research note on Tuesday. Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and raised their target price for the stock from $154.00 to $162.00 in a report on Friday, October 25th. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 price objective on shares of Boot Barn in a report on Tuesday. Finally, Benchmark restated a “buy” rating and set a $192.00 price target on shares of Boot Barn in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $164.55.

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.