Boot Barn Holdings, Inc. (NYSE:BOOT) – Jefferies Financial Group lifted their FY2021 earnings estimates for Boot Barn in a research report issued on Wednesday, January 13th. Jefferies Financial Group analyst J. Stichter now anticipates that the company will post earnings of $1.52 per share for the year, up from their previous forecast of $1.46. Jefferies Financial Group has a “Buy” rating and a $45.00 price objective on the stock. Jefferies Financial Group also issued estimates for Boot Barn’s Q4 2021 earnings at $0.33 EPS, Q1 2022 earnings at $0.32 EPS, Q3 2022 earnings at $1.14 EPS, Q4 2022 earnings at $0.40 EPS, FY2022 earnings at $2.22 EPS and FY2023 earnings at $2.58 EPS.
BOOT has been the subject of a number of other research reports. Wells Fargo & Company boosted their target price on shares of Boot Barn from $49.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday. Pivotal Research boosted their target price on shares of Boot Barn from $33.00 to $48.00 and gave the company a “hold” rating in a research report on Monday. Smith Barney Citigroup boosted their target price on shares of Boot Barn from $30.00 to $37.00 in a research report on Thursday, October 29th. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating and set a $65.00 target price for the company in a research report on Wednesday. Finally, Cowen boosted their target price on shares of Boot Barn from $47.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.54.
Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. Boot Barn had a net margin of 4.45% and a return on equity of 10.57%. The firm had revenue of $184.52 million for the quarter, compared to the consensus estimate of $179.22 million.
Several hedge funds have recently bought and sold shares of BOOT. FMR LLC raised its stake in shares of Boot Barn by 15.9% in the first quarter. FMR LLC now owns 1,099,719 shares of the company’s stock worth $32,376,000 after buying an additional 150,763 shares during the period. First Trust Advisors LP raised its stake in shares of Boot Barn by 2.2% in the first quarter. First Trust Advisors LP now owns 89,108 shares of the company’s stock worth $2,623,000 after acquiring an additional 1,926 shares during the last quarter. American International Group Inc. raised its stake in shares of Boot Barn by 3.4% in the second quarter. American International Group Inc. now owns 20,220 shares of the company’s stock worth $436,000 after acquiring an additional 657 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Boot Barn by 176.5% in the second quarter. Stifel Financial Corp now owns 33,568 shares of the company’s stock worth $724,000 after acquiring an additional 21,429 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Boot Barn by 7.3% in the second quarter. Bank of America Corp DE now owns 94,008 shares of the company’s stock worth $2,027,000 after acquiring an additional 6,369 shares during the last quarter.
In other news, Director Greg Bettinelli sold 2,620 shares of the stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $41.89, for a total value of $109,751.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Grant Conroy sold 26,935 shares of the stock in a transaction dated Monday, January 11th. The stock was sold at an average price of $52.98, for a total transaction of $1,427,016.30. Following the completion of the transaction, the chief executive officer now directly owns 31,580 shares of the company’s stock, valued at approximately $1,673,108.40. The disclosure for this sale can be found here. Insiders sold 57,242 shares of company stock valued at $2,780,615 in the last three months. Company insiders own 1.80% of the company’s stock.
Boot Barn Company Profile
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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