Analysts Anticipate Boot Barn Holdings (BOOT) Will Post Quarterly Sales of $166.00 Million

Analysts expect Boot Barn Holdings (NYSE:BOOT) to post sales of $166.00 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Boot Barn’s earnings, with estimates ranging from $161.10 million to $174.00 million. Boot Barn reported sales of $163.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The firm is expected to issue its next quarterly earnings results 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 financial year, analysts forecast that the firm will report sales of $736.26 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 sell-side research analysts that cover Boot Barn.

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

A number of equities analysts recently commented on the company. Wells Fargo set a $20.00 price target on Boot Barn and gave the stock a “hold” rating in a report on Thursday, January 11th. Robert W. Baird reiterated a “buy” rating and set a $24.00 price target on shares of Boot Barn in a report on Thursday, February 1st. Zacks Investment Research cut Boot Barn from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine upgraded Boot Barn from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Jefferies Group reiterated a “buy” rating and set a $20.00 price target on shares of Boot Barn in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight 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, insider Laurie Marie Grijalva sold 12,387 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $18.50, for a total transaction of $229,159.50. Following the completion of the sale, the insider now owns 19,635 shares in the company, valued at $363,247.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 value of $3,083,834.25. Following the sale, the chief executive officer now owns 182,580 shares of the company’s stock, valued at approximately $3,149,505. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,682,831 shares of company stock valued at $115,327,897. Corporate insiders own 4.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Boot Barn by 38.0% during the third quarter. Dimensional Fund Advisors LP now owns 865,400 shares of the company’s stock worth $7,702,000 after acquiring an additional 238,407 shares during the period. EAM Investors LLC bought a new stake in shares of Boot Barn during the fourth quarter worth approximately $6,513,000. Pier Capital LLC acquired a new stake in shares of Boot Barn in the fourth quarter valued at approximately $4,857,000. Driehaus Capital Management LLC acquired a new stake in shares of Boot Barn in the fourth quarter valued at approximately $3,458,000. Finally, State Street Corp raised its position in shares of Boot Barn by 4.5% in the second quarter. State Street Corp now owns 203,372 shares of the company’s stock valued at $1,440,000 after buying an additional 8,835 shares in the last quarter.

Shares of NYSE:BOOT traded up $0.14 during midday trading on Wednesday, reaching $17.66. The company had a trading volume of 271,841 shares, compared to its average volume of 391,025. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.22 and a current ratio of 1.46. The company has a market cap of $475.20, a P/E ratio of 32.11, a P/E/G ratio of 0.86 and a beta of 1.59. Boot Barn has a 1-year low of $5.90 and a 1-year high of $20.31.

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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, ladies, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

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

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