Boot Barn Holdings, Inc. (BOOT) Announces Earnings Results
Boot Barn Holdings, Inc. (NYSE:BOOT) announced its quarterly earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02, Briefing.com reports. The company had revenue of $143.10 million during the quarter, compared to the consensus estimate of $139.92 million. Boot Barn Holdings had a return on equity of 8.58% and a net margin of 2.26%. Boot Barn Holdings’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business 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.
A number of brokerages have issued reports on BOOT. TheStreet raised Boot Barn Holdings from a “d” rating to a “c” rating in a report on Monday. Robert W. Baird reaffirmed a “buy” rating and set a $11.00 price target on shares of Boot Barn Holdings in a report on Friday, October 13th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Boot Barn Holdings in a report on Wednesday, October 11th. Zacks Investment Research raised Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Boot Barn Holdings in a report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Boot Barn Holdings has an average rating of “Buy” and a consensus target price of $10.34.
An institutional investor recently raised its position in Boot Barn Holdings stock. State Street Corp lifted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,372 shares of the company’s stock after purchasing an additional 8,835 shares during the period. State Street Corp owned about 0.76% of Boot Barn Holdings worth $1,440,000 as of its most recent filing with the SEC.
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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