Boot Barn (BOOT) to Release Quarterly Earnings on Wednesday

Boot Barn (NYSE:BOOTGet Free Report) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $2.11 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 Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $424.42 million. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. 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 Price Performance

Shares of NYSE BOOT opened at $169.13 on Monday. The stock has a market cap of $5.16 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Boot Barn has a 1 year low of $71.54 and a 1 year high of $170.77. The firm has a 50-day moving average of $149.86 and a 200 day moving average of $145.27.

Insider Activity

In related news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BOOT shares. BTIG Research upped their price target on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Williams Trading restated a “buy” rating and set a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. KeyCorp upgraded shares of Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Thursday. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Finally, Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and lifted their target price for the stock from $154.00 to $162.00 in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $173.00.

Check Out Our Latest Research Report on BOOT

About Boot Barn

(Get Free Report)

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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