Boot Barn (BOOT) Expected to Announce Earnings on Wednesday

Boot Barn (NYSE:BOOT) is projected to announce its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $2.11 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. The firm had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. 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

Shares of Boot Barn stock opened at $168.06 on Tuesday. The stock has a 50 day moving average of $150.54 and a 200 day moving average of $145.55. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 1.48 and a beta of 2.10. Boot Barn has a fifty-two week low of $71.54 and a fifty-two week high of $170.77.

Insider Buying and Selling at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction 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 of the company’s stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on BOOT. Piper Sandler reiterated an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $181.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Citigroup decreased their price objective on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Benchmark reiterated a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boot Barn currently has an average rating of “Buy” and a consensus target price of $173.00.

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.