Boot Barn Holdings, Inc. (NYSE:BOOT) announced its earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02, Briefing.com reports. The business had revenue of $143.10 million for the quarter, compared to analyst estimates of $139.92 million. Boot Barn Holdings had a return on equity of 8.70% and a net margin of 2.32%. Boot Barn Holdings’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 EPS. Boot Barn Holdings updated its Q3 guidance to $0.40-0.43 EPS and its FY18 guidance to $0.57-0.61 EPS.
Shares of Boot Barn Holdings (NYSE:BOOT) remained flat at $$12.01 during midday trading on Monday. 486,800 shares of the company’s stock were exchanged, compared to its average volume of 363,645. The stock has a market capitalization of $320.27, a price-to-earnings ratio of 20.71, a PEG ratio of 1.29 and a beta of 1.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.16 and a current ratio of 1.32. Boot Barn Holdings has a one year low of $5.90 and a one year high of $17.26.
A number of research firms have weighed in on BOOT. BidaskClub upgraded Boot Barn Holdings from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup Inc. lifted their target price on Boot Barn Holdings from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Piper Jaffray Companies reiterated a “buy” rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Tuesday, October 3rd. Finally, Robert W. Baird upgraded Boot Barn Holdings from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $10.00 to $11.00 in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Boot Barn Holdings presently has an average rating of “Buy” and an average price target of $10.72.
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An institutional investor recently raised its position in Boot Barn Holdings stock. State Street Corp raised its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,372 shares of the company’s stock after acquiring an additional 8,835 shares during the period. State Street Corp owned approximately 0.76% of Boot Barn Holdings worth $1,440,000 at the end of the most recent quarter.
Boot Barn Holdings Company Profile
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
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