Boot Barn (NYSE:BOOT) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $126.88 on Thursday. Boot Barn has a 52-week low of $66.73 and a 52-week high of $169.83. The company has a market cap of $3.86 billion, a P/E ratio of 26.48 and a beta of 2.12. The firm’s fifty day moving average is $154.30 and its two-hundred day moving average is $132.35.

Analysts Set New Price Targets

Several research analysts have weighed in on BOOT shares. JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup decreased their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Tuesday. Williams Trading reiterated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research report on Tuesday. Piper Sandler reiterated an “overweight” rating and issued a $179.00 price target on shares of Boot Barn in a research report on Tuesday. Finally, Craig Hallum downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and increased their price target for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $164.55.

Boot Barn Company Profile

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.