Boot Barn Holdings Inc (NYSE:BOOT) – Research analysts at William Blair decreased their Q1 2020 earnings per share estimates for Boot Barn in a note issued to investors on Wednesday, June 12th. William Blair analyst D. Carden now expects that the company will earn $0.21 per share for the quarter, down from their previous estimate of $0.22. William Blair also issued estimates for Boot Barn’s Q3 2020 earnings at $0.80 EPS, Q4 2020 earnings at $0.33 EPS, Q1 2021 earnings at $0.28 EPS, Q2 2021 earnings at $0.23 EPS, Q3 2021 earnings at $0.93 EPS and Q4 2021 earnings at $0.36 EPS.
Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.05. The firm had revenue of $192.76 million for the quarter, compared to analyst estimates of $189.29 million. Boot Barn had a return on equity of 14.65% and a net margin of 5.02%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS.
BOOT has been the topic of a number of other reports. ValuEngine upgraded Boot Barn from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Zacks Investment Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Piper Jaffray Companies upped their price objective on shares of Boot Barn from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 13th. Pivotal Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and upped their price objective for the stock from $28.00 to $30.00 in a research report on Monday, May 13th. Finally, Wells Fargo & Co set a $30.00 price objective on shares of Boot Barn and gave the stock a “hold” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $32.29.
Shares of BOOT opened at $31.99 on Friday. The firm has a market capitalization of $881.03 million, a price-to-earnings ratio of 24.86, a PEG ratio of 1.22 and a beta of 2.20. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.24 and a current ratio of 1.83. Boot Barn has a 52 week low of $15.01 and a 52 week high of $32.21.
Several institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new position in Boot Barn in the 4th quarter worth approximately $41,000. NumerixS Investment Technologies Inc bought a new position in Boot Barn in the 4th quarter worth approximately $46,000. PNC Financial Services Group Inc. boosted its holdings in Boot Barn by 106.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,541 shares of the company’s stock worth $60,000 after buying an additional 1,827 shares during the period. Quantamental Technologies LLC boosted its holdings in Boot Barn by 407.4% in the 1st quarter. Quantamental Technologies LLC now owns 2,740 shares of the company’s stock worth $81,000 after buying an additional 2,200 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Boot Barn by 7.8% in the 4th quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock worth $86,000 after buying an additional 368 shares during the period.
About Boot Barn
Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
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