Boot Barn Holdings Inc (BOOT) Expected to Announce Quarterly Sales of $166.00 Million

Equities research analysts expect Boot Barn Holdings Inc (NYSE:BOOT) to announce sales of $166.00 million for the current quarter, according to Zacks. Four analysts have provided estimates for Boot Barn’s earnings. The highest sales estimate is $174.00 million and the lowest is $161.10 million. Boot Barn posted sales of $163.00 million in the same quarter last year, which suggests a positive year over year growth rate of 1.8%. The business is expected to issue its next quarterly earnings results on Thursday, June 7th.

On average, analysts expect that Boot Barn will report full year sales of $166.00 million for the current financial year, with estimates ranging from $668.30 million to $681.00 million. For the next financial year, analysts anticipate that the firm will report sales of $735.66 million per share, with estimates ranging from $724.70 million to $751.60 million. Zacks’ sales averages are an average based on a survey of analysts that cover Boot Barn.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. Boot Barn had a net margin of 3.67% and a return on equity of 9.55%. The business had revenue of $224.70 million for the quarter, compared to analyst estimates of $225.00 million. During the same quarter in the prior year, the business earned $0.39 EPS. Boot Barn’s quarterly revenue was up 12.7% on a year-over-year basis.

A number of research analysts have issued reports on the stock. Jefferies Group restated a “buy” rating and set a $20.00 target price on shares of Boot Barn in a research report on Monday, December 18th. Robert W. Baird restated a “buy” rating and set a $24.00 target price on shares of Boot Barn in a research report on Thursday, February 1st. BidaskClub upgraded shares of Boot Barn from a “hold” rating to a “buy” rating in a research report on Saturday, November 11th. Citigroup increased their target price on shares of Boot Barn from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.75.

In other news, CEO James Grant Conroy sold 178,773 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total transaction of $3,083,834.25. Following the completion of the sale, the chief executive officer now owns 182,580 shares of the company’s stock, valued at approximately $3,149,505. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Greg Bettinelli sold 51,192 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total transaction of $883,062.00. Following the sale, the director now directly owns 58,875 shares of the company’s stock, valued at approximately $1,015,593.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,643,581 shares of company stock worth $114,601,772. Company insiders own 4.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Boot Barn by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 42,544 shares of the company’s stock worth $302,000 after acquiring an additional 228 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Boot Barn by 7.1% during the 2nd quarter. Teachers Advisors LLC now owns 28,080 shares of the company’s stock worth $199,000 after acquiring an additional 1,858 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Boot Barn by 811.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,908 shares of the company’s stock worth $165,000 after acquiring an additional 8,821 shares during the period. State Street Corp lifted its holdings in shares of Boot Barn by 4.5% during the 2nd quarter. State Street Corp now owns 203,372 shares of the company’s stock worth $1,440,000 after acquiring an additional 8,835 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in shares of Boot Barn by 1.8% during the 3rd quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock worth $4,808,000 after acquiring an additional 9,437 shares during the period.

Boot Barn (NYSE:BOOT) opened at $18.35 on Monday. Boot Barn has a 52 week low of $5.90 and a 52 week high of $20.31. The company has a market cap of $497.73, a PE ratio of 20.39, a P/E/G ratio of 1.27 and a beta of 1.71. The company has a quick ratio of 0.22, a current ratio of 1.46 and a debt-to-equity ratio of 0.93.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/12/boot-barn-holdings-inc-boot-expected-to-announce-quarterly-sales-of-166-00-million.html.

About Boot Barn

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.

Get a free copy of the Zacks research report on Boot Barn (BOOT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply