Analysts forecast that Boot Barn Holdings Inc (NYSE:BOOT) will post $159.57 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Boot Barn’s earnings, with the highest sales estimate coming in at $160.30 million and the lowest estimate coming in at $158.94 million. Boot Barn posted sales of $139.38 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.5%. The company is scheduled to report its next earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that Boot Barn will report full year sales of $753.93 million for the current year, with estimates ranging from $748.40 million to $758.00 million. For the next year, analysts expect that the company will report sales of $838.97 million per share, with estimates ranging from $835.00 million to $843.73 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Boot Barn.
Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Tuesday, May 15th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.16 by $0.08. Boot Barn had a return on equity of 9.93% and a net margin of 4.26%. The company had revenue of $170.77 million for the quarter, compared to the consensus estimate of $164.19 million. During the same quarter last year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year.
Several equities analysts have commented on the company. Zacks Investment Research downgraded Boot Barn from a “buy” rating to a “hold” rating in a report on Friday, May 18th. Piper Jaffray Companies increased their price target on Boot Barn to $30.00 and gave the company an “overweight” rating in a report on Wednesday, May 16th. Wells Fargo & Co set a $25.00 price target on Boot Barn and gave the company a “hold” rating in a report on Wednesday, May 16th. Jefferies Group increased their price target on Boot Barn to $30.00 and gave the company a “buy” rating in a report on Wednesday, May 16th. Finally, Robert W. Baird increased their price target on Boot Barn from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, May 16th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $22.00.
In other news, insider Laurie Marie Grijalva sold 8,311 shares of the firm’s stock in a transaction on Tuesday, April 24th. The shares were sold at an average price of $20.00, for a total value of $166,220.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Fs Equity Partners Vi, L.P. sold 7,021,771 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $23.25, for a total transaction of $163,256,175.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,258,624 shares of company stock worth $168,421,997. 4.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Boot Barn in the first quarter worth $101,000. SG Americas Securities LLC acquired a new stake in Boot Barn during the first quarter worth $107,000. Victory Capital Management Inc. acquired a new stake in Boot Barn during the first quarter worth $130,000. The Manufacturers Life Insurance Company boosted its stake in Boot Barn by 811.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 9,908 shares of the company’s stock worth $165,000 after buying an additional 8,821 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in Boot Barn during the first quarter worth $170,000.
Shares of Boot Barn opened at $24.03 on Friday, Marketbeat Ratings reports. Boot Barn has a 12 month low of $5.90 and a 12 month high of $26.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.20 and a current ratio of 1.60. The company has a market cap of $646.52 million, a price-to-earnings ratio of 34.33, a P/E/G ratio of 1.12 and a beta of 1.58.
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, 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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