Boot Barn (NYSE:BOOT) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.45-0.46 for the period, compared to the Thomson Reuters consensus estimate of $0.43. Boot Barn also updated its FY18 guidance to $0.60-0.64 EPS.
Several research firms have recently weighed in on BOOT. Jefferies Group restated a buy rating and issued a $20.00 target price on shares of Boot Barn in a research report on Monday, December 18th. JPMorgan Chase & Co. upgraded Boot Barn from a neutral rating to an overweight rating and raised their target price for the company from $9.00 to $17.00 in a research report on Sunday, November 26th. BidaskClub upgraded Boot Barn from a hold rating to a buy rating in a research report on Saturday, November 11th. Citigroup raised their target price on Boot Barn from $10.00 to $12.00 and gave the company a buy rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Boot Barn from a hold rating to a buy rating and set a $9.75 target price on the stock in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $12.84.
Boot Barn (BOOT) opened at $17.97 on Tuesday. Boot Barn has a 1 year low of $5.90 and a 1 year high of $18.00. The company has a market capitalization of $479.86, a P/E ratio of 32.67, a P/E/G ratio of 1.77 and a beta of 1.79. 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 (NYSE:BOOT) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. Boot Barn had a return on equity of 8.70% and a net margin of 2.32%. The firm had revenue of $143.10 million for the quarter, compared to the consensus estimate of $139.92 million. During the same quarter last year, the business posted $0.02 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. analysts forecast that Boot Barn will post 0.61 EPS for the current year.
An institutional investor recently raised its position in Boot Barn stock. State Street Corp boosted its holdings in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 0.76% of Boot Barn worth $1,440,000 at the end of the most recent quarter.
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Boot Barn 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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