Boot Barn Holdings, Inc. (NYSE:BOOT) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.40-0.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41. Boot Barn Holdings also updated its FY18 guidance to $0.57-0.61 EPS.

Boot Barn Holdings (NYSE:BOOT) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.03 earnings per share for the quarter. The company had revenue of $139.40 million for the quarter, compared to analyst estimates 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 for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 EPS.

A number of equities analysts have recently commented on BOOT shares. Robert W. Baird reaffirmed a buy rating and set a $11.00 target price on shares of Boot Barn Holdings in a research report on Friday, October 13th. Jefferies Group LLC reaffirmed a buy rating on shares of Boot Barn Holdings in a research report on Wednesday, October 11th. Zacks Investment Research raised shares of Boot Barn Holdings from a hold rating to a buy rating and set a $9.75 target price on the stock in a research report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a buy rating on shares of Boot Barn Holdings in a research report on Thursday, August 3rd. Finally, TheStreet raised shares of Boot Barn Holdings from a d rating to a c rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Boot Barn Holdings presently has a consensus rating of Buy and a consensus price target of $10.34.

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A hedge fund recently raised its stake in Boot Barn Holdings stock. State Street Corp raised its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,372 shares of the company’s stock after acquiring an additional 8,835 shares during the period. State Street Corp owned approximately 0.76% of Boot Barn Holdings worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.

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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