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.
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.
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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.
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