Brokerages predict that Boot Barn Holdings, Inc. (NYSE:BOOT) will announce sales of $139.61 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Boot Barn Holdings’ earnings, with the lowest sales estimate coming in at $139.00 million and the highest estimate coming in at $140.54 million. Boot Barn Holdings reported sales of $133.97 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The company is expected to announce its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that Boot Barn Holdings will report full-year sales of $139.61 million for the current fiscal year, with estimates ranging from $652.20 million to $663.90 million. For the next fiscal year, analysts anticipate that the business will report sales of $699.83 million per share, with estimates ranging from $690.90 million to $713.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Boot Barn Holdings.
Boot Barn Holdings (NYSE:BOOT) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $139.40 million during the quarter, compared to the consensus estimate of $139.00 million. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 EPS.
Several equities analysts have recently weighed in on BOOT shares. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Boot Barn Holdings in a research note on Tuesday, July 4th. Piper Jaffray Companies reiterated a “buy” rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Boot Barn Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Robert W. Baird upgraded shares of Boot Barn Holdings from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $10.00 to $11.00 in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Boot Barn Holdings presently has a consensus rating of “Buy” and a consensus price target of $10.34.
Institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its stake in shares of Boot Barn Holdings by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 42,544 shares of the company’s stock worth $302,000 after buying an additional 228 shares during the period. Teachers Advisors LLC increased its position in Boot Barn Holdings by 7.1% during the 2nd quarter. Teachers Advisors LLC now owns 28,080 shares of the company’s stock valued at $199,000 after purchasing an additional 1,858 shares during the period. Geode Capital Management LLC increased its position in Boot Barn Holdings by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 101,834 shares of the company’s stock valued at $1,007,000 after purchasing an additional 3,224 shares during the period. State Street Corp increased its position in Boot Barn Holdings by 4.5% during the 2nd quarter. State Street Corp now owns 203,372 shares of the company’s stock valued at $1,440,000 after purchasing an additional 8,835 shares during the period. Finally, Eagle Global Advisors LLC increased its position in Boot Barn Holdings by 97.3% during the 2nd quarter. Eagle Global Advisors LLC now owns 22,630 shares of the company’s stock valued at $160,000 after purchasing an additional 11,160 shares during the period.
Boot Barn Holdings (BOOT) traded down 3.93% during mid-day trading on Monday, reaching $7.82. 451,076 shares of the company’s stock were exchanged. Boot Barn Holdings has a 52-week low of $5.90 and a 52-week high of $17.26. The company has a 50-day moving average of $8.46 and a 200-day moving average of $8.35. The stock has a market cap of $207.95 million, a price-to-earnings ratio of 14.51 and a beta of 1.29.
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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