Boot Barn (BOOT) to Release Quarterly Earnings on Wednesday

Boot Barn (NYSE:BOOT) 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.

Boot Barn (NYSE:BOOT) last released its earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 business 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 firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. 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 Stock Performance

NYSE:BOOT opened at $161.47 on Wednesday. The stock has a 50 day moving average price of $147.86 and a 200 day moving average price of $144.41. The stock has a market cap of $4.93 billion, a PE ratio of 32.42, a P/E/G ratio of 1.46 and a beta of 2.10. Boot Barn has a one year low of $71.54 and a one year high of $169.83.

Insider Activity

In other news, CEO John Hazen sold 6,311 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $179.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on Boot Barn from $181.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Citigroup lowered their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Bank of America increased their price objective on shares of Boot Barn from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Robert W. Baird upgraded shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target on the stock in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.58.

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.