Wall Street analysts expect that Boot Barn Holdings Inc (NYSE:BOOT) will report $161.47 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Boot Barn’s earnings, with the lowest sales estimate coming in at $160.40 million and the highest estimate coming in at $163.23 million. Boot Barn reported sales of $143.07 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.9%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 1st.
On average, analysts expect that Boot Barn will report full year sales of $757.20 million for the current fiscal year, with estimates ranging from $750.50 million to $765.82 million. For the next financial year, analysts forecast that the company will post sales of $846.50 million, with estimates ranging from $839.50 million to $866.79 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Boot Barn.
Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Tuesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $161.98 million for the quarter, compared to analyst estimates of $159.57 million. Boot Barn had a net margin of 4.98% and a return on equity of 11.04%.
Several brokerages recently issued reports on BOOT. TheStreet upgraded shares of Boot Barn from a “c+” rating to a “b” rating in a report on Tuesday, August 28th. Citigroup boosted their price objective on shares of Boot Barn from $28.00 to $33.00 and gave the company a “buy” rating in a report on Friday, September 21st. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Friday. William Blair began coverage on shares of Boot Barn in a report on Tuesday, October 9th. They issued an “outperform” rating on the stock. Finally, ValuEngine lowered shares of Boot Barn from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 6th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $26.78.
In other Boot Barn news, Director Peter Starrett sold 74,725 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $29.44, for a total transaction of $2,199,904.00. Following the sale, the director now directly owns 68,412 shares in the company, valued at $2,014,049.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Greg Bettinelli sold 4,726 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $26.18, for a total transaction of $123,726.68. Following the sale, the director now owns 12,995 shares in the company, valued at $340,209.10. The disclosure for this sale can be found here. Insiders have sold 238,193 shares of company stock worth $6,841,756 over the last quarter. Insiders own 2.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in BOOT. Quantbot Technologies LP acquired a new position in shares of Boot Barn during the first quarter worth about $101,000. SG Americas Securities LLC acquired a new position in shares of Boot Barn during the first quarter worth about $107,000. Envestnet Asset Management Inc. acquired a new position in shares of Boot Barn during the second quarter worth about $142,000. MetLife Investment Advisors LLC acquired a new position in shares of Boot Barn during the first quarter worth about $170,000. Finally, Kessler Investment Group LLC acquired a new position in shares of Boot Barn during the third quarter worth about $177,000.
BOOT traded up $1.06 on Thursday, hitting $28.59. The company had a trading volume of 839,100 shares, compared to its average volume of 724,533. The firm has a market cap of $795.36 million, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 1.15 and a beta of 1.84. Boot Barn has a 1 year low of $7.59 and a 1 year high of $31.61. The company has a current ratio of 1.59, a quick ratio of 0.20 and a debt-to-equity ratio of 0.80.
Boot Barn Company Profile
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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