Boot Barn (NYSE:BOOT – Get Rating) issued an update on its first quarter 2023 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.14-$1.14 for the period, compared to the consensus EPS estimate of $1.11. The company issued revenue guidance of $367.00 million-$367.00 million, compared to the consensus revenue estimate of $319.64 million.Boot Barn also updated its FY 2023 guidance to $6.41-$6.41 EPS.
Shares of BOOT traded down $9.18 during mid-day trading on Wednesday, hitting $83.66. 5,734 shares of the company’s stock were exchanged, compared to its average volume of 655,266. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.70 and a beta of 2.78. Boot Barn has a fifty-two week low of $69.44 and a fifty-two week high of $134.50. The stock’s 50-day moving average is $94.18 and its 200-day moving average is $102.70.
Boot Barn (NYSE:BOOT – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.15. The business had revenue of $383.31 million for the quarter, compared to analysts’ expectations of $354.02 million. Boot Barn had a net margin of 12.93% and a return on equity of 36.19%. The business’s quarterly revenue was up 48.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, research analysts predict that Boot Barn will post 6.43 EPS for the current fiscal year.
In other news, insider John Hazen sold 2,420 shares of the firm’s stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of $99.73, for a total transaction of $241,346.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James M. Watkins bought 2,500 shares of the stock in a transaction dated Thursday, February 24th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $192,500.00. The disclosure for this purchase can be found here. Company insiders own 0.86% of the company’s stock.
A number of large investors have recently bought and sold shares of BOOT. Morgan Stanley grew its position in Boot Barn by 25.7% in the 2nd quarter. Morgan Stanley now owns 219,259 shares of the company’s stock valued at $18,428,000 after buying an additional 44,800 shares during the last quarter. LPL Financial LLC purchased a new position in Boot Barn in the 3rd quarter valued at $345,000. Barclays PLC grew its position in Boot Barn by 80.9% in the 4th quarter. Barclays PLC now owns 137,179 shares of the company’s stock valued at $16,880,000 after buying an additional 61,342 shares during the last quarter. Guggenheim Capital LLC purchased a new position in Boot Barn in the 4th quarter valued at $300,000. Finally, CIBC World Markets Inc. purchased a new position in Boot Barn in the 4th quarter valued at $221,000.
Boot Barn Company Profile (Get Rating)
Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
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