Wall Street analysts expect Boot Barn Holdings Inc (NYSE:BOOT) to announce sales of $188.89 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Boot Barn’s earnings, with the lowest sales estimate coming in at $188.00 million and the highest estimate coming in at $189.63 million. Boot Barn reported sales of $170.77 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.6%. The firm is scheduled to announce its next earnings results on Tuesday, May 21st.
On average, analysts expect that Boot Barn will report full year sales of $772.97 million for the current fiscal year, with estimates ranging from $772.10 million to $773.73 million. For the next financial year, analysts anticipate that the company will post sales of $860.84 million, with estimates ranging from $855.40 million to $869.75 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Boot Barn.
Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.66 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.66. Boot Barn had a return on equity of 13.54% and a net margin of 4.93%. The firm had revenue of $254.00 million during the quarter, compared to analysts’ expectations of $254.55 million. During the same quarter last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis.
In related news, Director Brenda I. Morris sold 7,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $28.04, for a total transaction of $196,280.00. Following the completion of the transaction, the director now directly owns 17,724 shares in the company, valued at approximately $496,980.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in BOOT. Legal & General Group Plc grew its stake in shares of Boot Barn by 7.8% during the 4th quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock worth $86,000 after acquiring an additional 368 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in shares of Boot Barn by 33.3% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock worth $68,000 after buying an additional 1,000 shares in the last quarter. Chicago Equity Partners LLC lifted its holdings in shares of Boot Barn by 3.3% during the fourth quarter. Chicago Equity Partners LLC now owns 44,545 shares of the company’s stock worth $759,000 after buying an additional 1,405 shares in the last quarter. United Services Automobile Association lifted its holdings in shares of Boot Barn by 16.3% during the fourth quarter. United Services Automobile Association now owns 10,055 shares of the company’s stock worth $171,000 after buying an additional 1,412 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Boot Barn by 106.6% during the fourth 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 in the last quarter.
NYSE BOOT traded down $1.11 during mid-day trading on Friday, reaching $30.55. 14,388 shares of the stock were exchanged, compared to its average volume of 1,101,348. Boot Barn has a 1-year low of $15.01 and a 1-year high of $32.21. The firm has a market cap of $896.93 million, a P/E ratio of 45.41, a price-to-earnings-growth ratio of 1.00 and a beta of 2.31. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.40 and a current ratio of 1.62.
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.
Featured Story: Why are gap-down stocks important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.