Equities research analysts expect Boot Barn Holdings, Inc. (NYSE:BOOT) to announce sales of $139.99 million for the current quarter, according to Zacks. Four analysts have provided estimates for Boot Barn Holdings’ earnings. The highest sales estimate is $140.90 million and the lowest is $139.00 million. Boot Barn Holdings posted sales of $133.97 million in the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The business is expected to issue its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that Boot Barn Holdings will report full year sales of $139.99 million for the current financial year, with estimates ranging from $652.20 million to $661.20 million. For the next financial year, analysts anticipate that the firm will report sales of $698.41 million per share, with estimates ranging from $690.90 million to $708.10 million. Zacks’ sales averages are an average based on a survey of analysts that cover Boot Barn Holdings.

Boot Barn Holdings (NYSE:BOOT) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.03 EPS for the quarter. The company had revenue of $139.40 million for the quarter, compared to analysts’ expectations of $139 million. Boot Barn Holdings had a return on equity of 8.58% and a net margin of 2.26%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share.

Several equities analysts have commented on BOOT shares. ValuEngine raised shares of Boot Barn Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 17th. Zacks Investment Research downgraded shares of Boot Barn Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 1st. Piper Jaffray Companies reissued a “buy” rating on shares of Boot Barn Holdings in a research report on Thursday, August 3rd. J P Morgan Chase & Co restated a “neutral” rating and set a $7.00 price target (down from $11.00) on shares of Boot Barn Holdings in a report on Tuesday, June 6th. Finally, Citigroup Inc. restated a “buy” rating and set a $9.00 price target (down from $14.00) on shares of Boot Barn Holdings in a report on Monday, June 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $10.88.

In related news, Director Peter Starrett bought 50,000 shares of Boot Barn Holdings stock in a transaction that occurred on Tuesday, June 6th. The stock was acquired at an average price of $6.12 per share, for a total transaction of $306,000.00. Following the completion of the purchase, the director now owns 4,726 shares in the company, valued at $28,923.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brenda I. Morris bought 7,000 shares of Boot Barn Holdings stock in a transaction that occurred on Wednesday, June 7th. The stock was bought at an average price of $6.33 per share, with a total value of $44,310.00. Following the purchase, the director now owns 13,818 shares of the company’s stock, valued at approximately $87,467.94. The disclosure for this purchase can be found here. 4.60% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new stake in Boot Barn Holdings during the second quarter valued at $106,000. Gotham Asset Management LLC bought a new stake in Boot Barn Holdings during the first quarter valued at $112,000. Eagle Global Advisors LLC bought a new stake in Boot Barn Holdings during the first quarter valued at $113,000. Capital Fund Management S.A. bought a new stake in Boot Barn Holdings during the second quarter valued at $114,000. Finally, BlueCrest Capital Management Ltd bought a new stake in Boot Barn Holdings during the second quarter valued at $116,000.

Shares of Boot Barn Holdings (NYSE:BOOT) traded down 2.20% on Tuesday, hitting $8.45. The company’s stock had a trading volume of 196,138 shares. The stock’s 50 day moving average price is $7.37 and its 200 day moving average price is $8.93. Boot Barn Holdings has a 52 week low of $5.90 and a 52 week high of $17.26. The stock has a market capitalization of $224.70 million, a P/E ratio of 15.68 and a beta of 1.26.

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About Boot Barn Holdings

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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