Boot Barn Holdings (BOOT) Expected to Post Earnings of $0.17 Per Share

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.

How to Become a New Pot Stock Millionaire

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.

ILLEGAL ACTIVITY WARNING: “Boot Barn Holdings (BOOT) Expected to Post Earnings of $0.17 Per Share” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2018/04/19/boot-barn-holdings-boot-expected-to-post-earnings-of-0-17-per-share-2.html.

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.

Get a free copy of the Zacks research report on Boot Barn (BOOT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Boot Barn (NYSE:BOOT)

Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply