Wall Street analysts expect Boot Barn Holdings Inc (NYSE:BOOT) to announce sales of $166.00 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Boot Barn’s earnings. The lowest sales estimate is $161.10 million and the highest is $174.00 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 scheduled to report its next earnings report on Thursday, June 7th.
According to Zacks, 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 year, analysts forecast that the company will report sales of $735.66 million per share, with estimates ranging from $724.70 million to $751.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Boot Barn.
Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Boot Barn had a net margin of 3.67% and a return on equity of 9.55%. The firm had revenue of $224.70 million during the quarter, compared to the consensus estimate of $225.00 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis.
In related news, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of the business’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 value of $110,634,876.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Grant Conroy sold 178,773 shares of the business’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 $3,083,834.25. Following the completion of the transaction, the chief executive officer now directly owns 182,580 shares of the company’s stock, valued at approximately $3,149,505. The disclosure for this sale can be found here. Insiders sold 6,643,581 shares of company stock valued at $114,601,772 in the last three months. 4.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Frontier Capital Management Co. LLC grew its holdings in Boot Barn by 3.5% in the third quarter. Frontier Capital Management Co. LLC now owns 2,487,413 shares of the company’s stock worth $22,138,000 after purchasing an additional 84,222 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in Boot Barn by 15.7% in the third quarter. Stephens Investment Management Group LLC now owns 1,568,993 shares of the company’s stock worth $13,964,000 after purchasing an additional 213,405 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Boot Barn by 38.0% in the third quarter. Dimensional Fund Advisors LP now owns 865,400 shares of the company’s stock worth $7,702,000 after purchasing an additional 238,407 shares during the last quarter. Citadel Advisors LLC grew its holdings in Boot Barn by 1.8% in the third quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock worth $4,808,000 after purchasing an additional 9,437 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Boot Barn in the third quarter worth $3,674,000.
Boot Barn (NYSE:BOOT) traded down $0.51 during trading on Monday, hitting $17.77. 656,437 shares of the stock traded hands, compared to its average volume of 1,040,000. The company has a quick ratio of 0.22, a current ratio of 1.46 and a debt-to-equity ratio of 0.93. Boot Barn has a 1 year low of $5.90 and a 1 year high of $20.31. The company has a market capitalization of $481.99, a P/E ratio of 19.74, a PEG ratio of 1.23 and a beta of 1.71.
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Boot Barn Company Profile
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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