FY2021 EPS Estimates for Boot Barn Holdings, Inc. (NYSE:BOOT) Increased by Analyst


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Boot Barn Holdings, Inc. (NYSE:BOOT) – Equities researchers at William Blair upped their FY2021 earnings estimates for Boot Barn in a report issued on Tuesday, January 26th. William Blair analyst D. Carden now forecasts that the company will post earnings per share of $1.60 for the year, up from their prior forecast of $1.49. William Blair also issued estimates for Boot Barn’s Q4 2021 earnings at $0.42 EPS, Q1 2022 earnings at $0.45 EPS and FY2022 earnings at $2.13 EPS.

Boot Barn (NYSE:BOOT) last announced its earnings results on Sunday, January 24th. The company reported $1.00 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The firm had revenue of $302.33 million for the quarter, compared to analysts’ expectations of $303.27 million. Boot Barn had a return on equity of 10.57% and a net margin of 4.45%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share.

Several other research analysts have also issued reports on the stock. Smith Barney Citigroup lifted their price target on shares of Boot Barn from $30.00 to $37.00 in a research report on Thursday, October 29th. Craig Hallum lifted their price target on shares of Boot Barn from $48.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on shares of Boot Barn from $57.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup lifted their price target on shares of Boot Barn from $37.00 to $65.00 in a research report on Tuesday. Finally, TheStreet upgraded shares of Boot Barn from a “c+” rating to a “b-” rating in a research report on Friday, January 15th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.23.

Boot Barn stock opened at $56.37 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.27 and a current ratio of 1.36. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 45.83, a price-to-earnings-growth ratio of 1.90 and a beta of 3.07. Boot Barn has a 1 year low of $8.03 and a 1 year high of $62.50. The firm’s 50 day moving average price is $47.50 and its two-hundred day moving average price is $34.42.

Several hedge funds have recently added to or reduced their stakes in BOOT. FMR LLC lifted its stake in shares of Boot Barn by 15.9% in the 1st quarter. FMR LLC now owns 1,099,719 shares of the company’s stock valued at $32,376,000 after purchasing an additional 150,763 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Boot Barn by 2.2% in the 1st quarter. First Trust Advisors LP now owns 89,108 shares of the company’s stock valued at $2,623,000 after purchasing an additional 1,926 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Boot Barn by 7.3% in the 2nd quarter. Bank of America Corp DE now owns 94,008 shares of the company’s stock valued at $2,027,000 after purchasing an additional 6,369 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Boot Barn by 5.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 189,631 shares of the company’s stock valued at $4,089,000 after purchasing an additional 10,231 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Boot Barn by 49.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 15,800 shares of the company’s stock valued at $340,000 after purchasing an additional 5,200 shares during the last quarter.

In other news, insider John Hazen sold 752 shares of the business’s stock in a transaction on Friday, November 27th. The shares were sold at an average price of $42.25, for a total transaction of $31,772.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Grant Conroy sold 26,935 shares of the business’s stock in a transaction on Monday, January 11th. The shares were sold at an average price of $52.98, for a total transaction of $1,427,016.30. Following the transaction, the chief executive officer now owns 31,580 shares in the company, valued at $1,673,108.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,242 shares of company stock worth $2,780,615. 1.80% of the stock is currently owned by corporate insiders.

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.

Further Reading: What does a neutral rating on stocks mean?

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

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