Wall Street analysts predict that Boot Barn Holdings (NYSE:BOOT) will report $0.17 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Boot Barn’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.15. Boot Barn reported earnings per share of $0.12 in the same quarter last year, which suggests a positive year-over-year growth rate of 41.7%. The company is expected to announce its next quarterly earnings report on Thursday, June 7th.
According to Zacks, analysts expect that Boot Barn will report full-year earnings of $0.70 per share for the current year. For the next financial year, analysts expect that the company will post earnings of $0.98 per share, with EPS estimates ranging from $0.90 to $1.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Boot Barn.
Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $224.70 million for the quarter, compared to analyst estimates of $225.00 million. Boot Barn had a net margin of 3.67% and a return on equity of 9.55%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share.
BOOT has been the topic of a number of analyst reports. Wells Fargo set a $20.00 price objective on shares of Boot Barn and gave the company a “hold” rating in a research note on Thursday, January 11th. Pivotal Research started coverage on shares of Boot Barn in a research note on Thursday, January 25th. They issued a “hold” rating and a $18.00 price target for the company. Zacks Investment Research lowered shares of Boot Barn from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Robert W. Baird restated a “buy” rating and issued a $24.00 price target on shares of Boot Barn in a research note on Thursday, February 1st. Finally, ValuEngine upgraded shares of Boot Barn from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Boot Barn presently has a consensus rating of “Buy” and a consensus price target of $17.75.
In related news, insider Laurie Marie Grijalva sold 26,863 shares of Boot Barn stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $18.50, for a total value of $496,965.50. Following the completion of the sale, the insider now owns 33,588 shares in the company, valued at $621,378. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.60% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Pier Capital LLC bought a new stake in Boot Barn during the fourth quarter valued at $4,857,000. TIAA CREF Investment Management LLC increased its stake in Boot Barn by 289.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 143,800 shares of the company’s stock valued at $2,389,000 after purchasing an additional 106,865 shares during the last quarter. Garnet Equity Capital Holdings Inc. bought a new stake in Boot Barn during the fourth quarter valued at $3,246,000. Two Sigma Investments LP bought a new stake in Boot Barn during the fourth quarter valued at $1,985,000. Finally, Stone Ridge Asset Management LLC bought a new stake in Boot Barn during the fourth quarter valued at $246,000.
Shares of BOOT traded up $0.25 during mid-day trading on Thursday, reaching $18.60. 367,611 shares of the stock traded hands, compared to its average volume of 660,821. The firm has a market capitalization of $475.75, a P/E ratio of 33.82, a P/E/G ratio of 0.86 and a beta of 1.59. Boot Barn has a 12-month low of $5.90 and a 12-month high of $20.31. The company has a quick ratio of 0.22, a current ratio of 1.46 and a debt-to-equity ratio of 0.93.
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About Boot Barn
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, ladies, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
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