Boot Barn (NYSE:BOOT) Posts Earnings Results

Boot Barn (NYSE:BOOT) announced 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 return on equity of 16.44% and a net margin of 8.89%. The firm had revenue of $425.80 million during the quarter, compared to analyst estimates of $424.42 million. During the same quarter in the prior year, the company earned $0.91 EPS. The business’s revenue was up 13.7% compared to the same quarter last year.

Boot Barn Price Performance

Shares of Boot Barn stock traded down $2.26 during trading on Wednesday, hitting $127.12. 1,701,095 shares of the company’s stock traded hands, compared to its average volume of 764,165. Boot Barn has a 1 year low of $66.73 and a 1 year high of $169.83. The business has a 50-day simple moving average of $154.30 and a 200-day simple moving average of $132.35. The stock has a market capitalization of $3.86 billion, a P/E ratio of 26.48 and a beta of 2.12.

Wall Street Analyst Weigh In

Several equities analysts have commented on BOOT shares. Piper Sandler reissued an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a research report on Tuesday. BTIG Research lifted their price target on shares of Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group raised their target price on shares of Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Finally, Benchmark reissued a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.