Boot Barn Holdings, Inc. (NYSE:BOOT) released its earnings results on Thursday, November 2nd. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02, Briefing.com reports. Boot Barn Holdings had a net margin of 2.32% and a return on equity of 8.70%. The firm had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $139.92 million. During the same quarter last year, the company earned $0.02 EPS. Boot Barn Holdings’s quarterly revenue was up 6.8% on a year-over-year basis. 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 trading hours on Friday. The stock had a trading volume of 486,800 shares, compared to its average volume of 363,645. The company has a current ratio of 1.32, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $320.27, a P/E ratio of 20.71, a PEG ratio of 1.29 and a beta of 1.24. Boot Barn Holdings has a 1 year low of $5.90 and a 1 year high of $17.26.
A hedge fund recently raised its stake in Boot Barn Holdings stock. State Street Corp grew its stake in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,372 shares of the company’s stock after acquiring an additional 8,835 shares during the quarter. State Street Corp owned 0.76% of Boot Barn Holdings worth $1,440,000 at the end of the most recent quarter.
Several analysts recently commented on BOOT shares. BidaskClub upgraded shares of Boot Barn Holdings from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup Inc. raised their price objective on shares of Boot Barn Holdings from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $11.00 price objective on shares of Boot Barn Holdings in a research report on Friday, October 13th. Jefferies Group LLC reissued a “buy” rating on shares of Boot Barn Holdings in a research report on Wednesday, October 11th. Finally, Zacks Investment Research raised shares of Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $10.72.
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About Boot Barn Holdings
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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