Piper Jaffray Companies Weighs in on Boot Barn Holdings Inc’s Q2 2019 Earnings (BOOT)

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Boot Barn Holdings Inc (NYSE:BOOT) – Research analysts at Piper Jaffray Companies upped their Q2 2019 EPS estimates for Boot Barn in a research note issued to investors on Tuesday, October 16th. Piper Jaffray Companies analyst P. Keith now anticipates that the company will post earnings of $0.09 per share for the quarter, up from their prior forecast of $0.08. Piper Jaffray Companies also issued estimates for Boot Barn’s FY2019 earnings at $1.07 EPS, Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.15 EPS and FY2020 earnings at $1.40 EPS.

BOOT has been the subject of a number of other reports. Pivotal Research set a $24.00 target price on Boot Barn and gave the company a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Friday, October 12th. William Blair started coverage on Boot Barn in a research note on Tuesday, October 9th. They issued an “outperform” rating for the company. Citigroup upped their target price on Boot Barn from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, September 21st. Finally, ValuEngine lowered Boot Barn from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 6th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $26.78.

Shares of NYSE BOOT opened at $27.92 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.59 and a quick ratio of 0.20. The firm has a market capitalization of $797.04 million, a P/E ratio of 40.01, a PEG ratio of 1.04 and a beta of 1.84. Boot Barn has a one year low of $7.74 and a one year high of $31.61.

Boot Barn (NYSE:BOOT) last issued its earnings results on Tuesday, August 7th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $161.98 million during the quarter, compared to analyst estimates of $159.57 million. Boot Barn had a return on equity of 11.04% and a net margin of 4.98%.

In other Boot Barn news, insider Laurie Marie Grijalva sold 41,779 shares of the company’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $29.90, for a total value of $1,249,192.10. Following the sale, the insider now directly owns 18,327 shares in the company, valued at $547,977.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greg Bettinelli sold 4,726 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $26.18, for a total value of $123,726.68. Following the completion of the sale, the director now owns 12,995 shares in the company, valued at $340,209.10. The disclosure for this sale can be found here. Insiders sold 238,193 shares of company stock worth $6,841,756 over the last quarter. Company insiders own 2.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in BOOT. Copper Rock Capital Partners LLC bought a new stake in shares of Boot Barn during the third quarter worth $24,187,000. FMR LLC bought a new stake in shares of Boot Barn during the second quarter worth $15,745,000. Millennium Management LLC grew its holdings in shares of Boot Barn by 4,108.2% during the second quarter. Millennium Management LLC now owns 578,631 shares of the company’s stock worth $12,007,000 after purchasing an additional 564,881 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Boot Barn by 33.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,732,918 shares of the company’s stock worth $30,725,000 after purchasing an additional 435,132 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Boot Barn during the second quarter worth $8,417,000.

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

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