Analysts expect Boot Barn Holdings, Inc. (NYSE:BOOT) to report sales of $212.83 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Boot Barn’s earnings. The lowest sales estimate is $211.00 million and the highest is $216.20 million. Boot Barn reported sales of $199.43 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The company is scheduled to issue its next quarterly earnings results on Tuesday, January 30th.
On average, analysts expect that Boot Barn will report full-year sales of $212.83 million for the current year, with estimates ranging from $659.40 million to $666.00 million. For the next year, analysts forecast that the business will post sales of $705.89 million per share, with estimates ranging from $696.90 million to $721.25 million. Zacks’ sales 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 announced its earnings results on Thursday, November 2nd. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $139.92 million. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 EPS.
Several brokerages have commented on BOOT. J P Morgan Chase & Co upgraded shares of Boot Barn from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $9.00 to $17.00 in a research report on Sunday, November 26th. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Tuesday, October 3rd. TheStreet raised shares of Boot Barn from a “d” rating to a “c” rating in a research note on Monday, October 30th. Robert W. Baird reaffirmed a “buy” rating and set a $11.00 price objective on shares of Boot Barn in a research note on Friday, October 13th. Finally, BidaskClub raised shares of Boot Barn from a “hold” rating to a “buy” rating in a research note on Saturday, November 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $11.97.
A number of hedge funds and other institutional investors have recently modified their holdings of BOOT. Trexquant Investment LP acquired a new position in shares of Boot Barn during the second quarter valued at $106,000. Capital Fund Management S.A. bought a new position in Boot Barn during the second quarter valued at about $114,000. BlueCrest Capital Management Ltd bought a new position in Boot Barn during the second quarter valued at about $116,000. Cubist Systematic Strategies LLC acquired a new position in shares of Boot Barn in the 3rd quarter valued at $151,000. Finally, Eagle Global Advisors LLC boosted its position in shares of Boot Barn by 97.3% in 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 (NYSE:BOOT) opened at $15.00 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 0.16. The company has a market cap of $383.74, a price-to-earnings ratio of 24.81, a PEG ratio of 1.51 and a beta of 1.79. Boot Barn has a 1-year low of $5.90 and a 1-year high of $15.54.
Boot Barn 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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