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

Boot Barn (NYSE:BOOT) announced its quarterly earnings results on Monday. The company reported $0.95 EPS for the quarter, beating 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 business had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same quarter in the prior year, the company posted $0.91 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis.

Boot Barn Stock Down 19.7 %

BOOT opened at $129.38 on Wednesday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 26.95 and a beta of 2.12. Boot Barn has a 52 week low of $66.73 and a 52 week high of $169.83. The business’s 50 day moving average is $154.55 and its two-hundred day moving average is $132.38.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BTIG Research increased their target price on Boot Barn from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird raised their target price on Boot Barn from $140.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 1st. Piper Sandler reissued an “overweight” rating and set a $179.00 target price on shares of Boot Barn in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Benchmark reissued a “buy” rating and set a $192.00 target price on shares of Boot Barn in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Boot Barn has an average rating of “Moderate Buy” and a consensus target price 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.