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

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

Boot Barn Trading Down 1.1 %

Boot Barn stock traded down $1.42 during trading hours on Thursday, hitting $125.76. 36,181 shares of the stock traded hands, compared to its average volume of 760,631. Boot Barn has a one year low of $66.73 and a one year high of $169.83. The company has a market cap of $3.82 billion, a PE ratio of 26.48 and a beta of 2.12. The firm’s 50-day moving average price is $154.30 and its two-hundred day moving average price is $132.35.

Analysts Set New Price Targets

Several research analysts recently commented on BOOT shares. Craig Hallum cut Boot Barn from a “buy” rating to a “hold” rating and increased their price target for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Citigroup dropped their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a report on Tuesday. Piper Sandler restated an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a research note on Tuesday. Williams Trading reiterated a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research note on Tuesday. Finally, Benchmark reiterated a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target 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.