Wall Street analysts forecast that Boot Barn Holdings Inc (NYSE:BOOT) will post sales of $188.89 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Boot Barn’s earnings. The lowest sales estimate is $188.00 million and the highest is $189.63 million. Boot Barn posted sales of $170.77 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.6%. The company is scheduled to report its next quarterly earnings report on Tuesday, May 21st.
On average, analysts expect that Boot Barn will report full-year sales of $772.97 million for the current financial year, with estimates ranging from $772.10 million to $773.73 million. For the next fiscal year, analysts anticipate that the business will report sales of $860.84 million, with estimates ranging from $855.40 million to $869.75 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Boot Barn.
Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Tuesday, February 5th. The company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. Boot Barn had a net margin of 4.93% and a return on equity of 13.54%. The company had revenue of $254.00 million during the quarter, compared to analysts’ expectations of $254.55 million. During the same period in the previous year, the company earned $0.46 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis.
A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, April 9th. ValuEngine raised Boot Barn from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Sidoti assumed coverage on Boot Barn in a research report on Thursday, March 14th. They issued a “buy” rating for the company. Finally, Pivotal Research reiterated a “buy” rating and issued a $28.00 price target on shares of Boot Barn in a research report on Wednesday, February 6th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $28.22.
In related news, Director Brenda I. Morris sold 7,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $28.04, for a total value of $196,280.00. Following the sale, the director now owns 17,724 shares of the company’s stock, valued at approximately $496,980.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Quantitative Systematic Strategies LLC bought a new stake in Boot Barn during the 1st quarter worth approximately $209,000. Summit Creek Advisors LLC boosted its position in Boot Barn by 8.0% during the first quarter. Summit Creek Advisors LLC now owns 478,040 shares of the company’s stock valued at $14,073,000 after buying an additional 35,410 shares during the period. Geode Capital Management LLC boosted its position in Boot Barn by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 289,519 shares of the company’s stock valued at $4,930,000 after buying an additional 23,466 shares during the period. Norges Bank purchased a new stake in Boot Barn during the fourth quarter valued at about $5,044,000. Finally, FMR LLC boosted its position in Boot Barn by 24.4% during the fourth quarter. FMR LLC now owns 948,956 shares of the company’s stock valued at $16,161,000 after buying an additional 186,222 shares during the period.
Shares of NYSE BOOT traded down $1.11 on Friday, reaching $30.55. 14,388 shares of the company traded hands, compared to its average volume of 1,101,348. Boot Barn has a fifty-two week low of $15.01 and a fifty-two week high of $32.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 0.40. The company has a market cap of $896.93 million, a P/E ratio of 45.41, a P/E/G ratio of 1.00 and a beta of 2.31.
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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