Analysts Anticipate Boot Barn Holdings, Inc. (BOOT) Will Post Quarterly Sales of $139.61 Million
Brokerages expect Boot Barn Holdings, Inc. (NYSE:BOOT) to post sales of $139.61 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Boot Barn Holdings’ earnings. The lowest sales estimate is $139.00 million and the highest is $140.54 million. Boot Barn Holdings reported sales of $133.97 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The firm is scheduled to announce its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Boot Barn Holdings will report full-year sales of $139.61 million for the current year, with estimates ranging from $652.20 million to $663.90 million. For the next year, analysts expect that the company will post sales of $699.83 million per share, with estimates ranging from $690.90 million to $713.80 million. Zacks’ sales calculations are an average based on a survey of research firms 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 firm had revenue of $139.40 million for the quarter, compared to analysts’ expectations of $139.00 million. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 EPS.
A number of research analysts recently issued reports on the company. Jefferies Group LLC set a $12.00 target price on Boot Barn Holdings and gave the stock a “buy” rating in a report on Saturday, June 3rd. B. Riley reaffirmed a “buy” rating and set a $9.00 target price on shares of Boot Barn Holdings in a report on Wednesday, May 31st. Robert W. Baird raised Boot Barn Holdings from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $10.00 to $11.00 in a report on Friday, August 4th. Citigroup Inc. reaffirmed a “buy” rating and set a $9.00 target price (down from $14.00) on shares of Boot Barn Holdings in a report on Monday, June 5th. Finally, Zacks Investment Research raised Boot Barn Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Boot Barn Holdings presently has an average rating of “Hold” and a consensus target price of $10.88.
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Shares of Boot Barn Holdings (NYSE BOOT) traded down 2.14% during midday trading on Thursday, reaching $8.22. 86,952 shares of the company were exchanged. The firm’s 50 day moving average is $8.39 and its 200-day moving average is $8.45. The company has a market capitalization of $218.59 million, a PE ratio of 15.25 and a beta of 1.26. Boot Barn Holdings has a 52-week low of $5.90 and a 52-week high of $17.26.
A number of institutional investors and hedge funds have recently modified their holdings of BOOT. Trexquant Investment LP purchased a new position in Boot Barn Holdings in the 2nd quarter worth about $106,000. Gotham Asset Management LLC purchased a new position in Boot Barn Holdings in the 1st quarter worth about $112,000. Capital Fund Management S.A. purchased a new position in Boot Barn Holdings in the 2nd quarter worth about $114,000. BlueCrest Capital Management Ltd purchased a new position in Boot Barn Holdings in the 2nd quarter worth about $116,000. Finally, Alambic Investment Management L.P. purchased a new position in Boot Barn Holdings in the 1st quarter worth about $155,000.
Boot Barn Holdings 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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