Analysts forecast that Boot Barn Holdings, Inc. (NYSE:BOOT) will announce earnings per share (EPS) of $0.02 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Boot Barn Holdings’ earnings, with estimates ranging from $0.00 to $0.05. Boot Barn Holdings also reported earnings of $0.02 per share in the same quarter last year. The business is expected to issue its next quarterly earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Boot Barn Holdings will report full year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.58. For the next financial year, analysts anticipate that the firm will post earnings of $0.67 per share, with EPS estimates ranging from $0.63 to $0.74. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Boot Barn Holdings.

Boot Barn Holdings (NYSE:BOOT) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.03 earnings per share for the quarter. The company had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $139.00 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share.

A number of equities analysts recently commented on the company. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Boot Barn Holdings in a report on Thursday, August 3rd. Zacks Investment Research raised Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a report on Tuesday, October 3rd. Robert W. Baird raised Boot Barn Holdings from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $10.00 to $11.00 in a report on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Boot Barn Holdings in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $10.34.

Shares of Boot Barn Holdings (NYSE:BOOT) traded up 1.73% during trading on Thursday, hitting $8.81. The stock had a trading volume of 272,647 shares. The firm has a market capitalization of $234.28 million, a P/E ratio of 16.35 and a beta of 1.29. The stock’s 50-day moving average price is $8.39 and its 200 day moving average price is $8.23. Boot Barn Holdings has a 1-year low of $5.90 and a 1-year high of $17.26.

A number of hedge funds have recently modified their holdings of BOOT. Franklin Resources Inc. increased its stake in Boot Barn Holdings by 26.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock worth $13,030,000 after buying an additional 381,163 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Boot Barn Holdings by 83.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 626,993 shares of the company’s stock worth $4,439,000 after buying an additional 285,871 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Boot Barn Holdings by 10.3% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,355,588 shares of the company’s stock worth $9,598,000 after buying an additional 127,021 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Boot Barn Holdings by 78.9% in the 1st quarter. Bank of New York Mellon Corp now owns 145,361 shares of the company’s stock worth $1,438,000 after buying an additional 64,125 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Boot Barn Holdings in the 2nd quarter worth $395,000.

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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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