Boot Barn Holdings, Inc. (NYSE:BOOT) announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, Briefing.com reports. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The company had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $139 million. During the same period in the previous year, the company earned $0.02 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Boot Barn Holdings updated its Q2 guidance to $0.00-0.02 EPS and its FY18 guidance to $0.52-0.57 EPS.
Boot Barn Holdings (NYSE:BOOT) traded up 5.41% during midday trading on Friday, reaching $8.97. 327,690 shares of the company traded hands. The firm’s 50 day moving average price is $7.31 and its 200 day moving average price is $8.98. The firm has a market capitalization of $238.53 million, a price-to-earnings ratio of 16.64 and a beta of 1.26. Boot Barn Holdings has a 12 month low of $5.90 and a 12 month high of $17.26.
In related news, Director Brenda I. Morris bought 7,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was purchased at an average price of $6.33 per share, with a total value of $44,310.00. Following the completion of the acquisition, the director now owns 13,818 shares of the company’s stock, valued at $87,467.94. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Peter Starrett bought 50,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was bought at an average cost of $6.12 per share, with a total value of $306,000.00. Following the acquisition, the director now directly owns 4,726 shares of the company’s stock, valued at approximately $28,923.12. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of Boot Barn Holdings by 28.4% in the fourth quarter. State Street Corp now owns 195,230 shares of the company’s stock worth $2,446,000 after buying an additional 43,133 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Boot Barn Holdings during the fourth quarter worth about $701,000. Norges Bank acquired a new position in shares of Boot Barn Holdings during the fourth quarter worth about $489,000. Bank of New York Mellon Corp raised its position in shares of Boot Barn Holdings by 78.9% in the first quarter. Bank of New York Mellon Corp now owns 145,361 shares of the company’s stock worth $1,438,000 after buying an additional 64,125 shares during the period. Finally, Eagle Global Advisors LLC acquired a new position in shares of Boot Barn Holdings during the first quarter worth about $113,000.
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A number of analysts recently weighed in on BOOT shares. ValuEngine raised shares of Boot Barn Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 17th. Zacks Investment Research cut shares of Boot Barn Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 1st. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $7.00 price target (down from $11.00) on shares of Boot Barn Holdings in a research report on Tuesday, June 6th. Citigroup Inc. reiterated a “buy” rating and issued a $9.00 price objective (down previously from $14.00) on shares of Boot Barn Holdings in a report on Monday, June 5th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of Boot Barn Holdings in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Boot Barn Holdings has an average rating of “Hold” and an average target price of $10.88.
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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