FY2020 EPS Estimates for Boot Barn Holdings Inc Boosted by Analyst (NYSE:BOOT)

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Boot Barn Holdings Inc (NYSE:BOOT) – Research analysts at DA Davidson lifted their FY2020 earnings estimates for Boot Barn in a research report issued on Friday, August 2nd. DA Davidson analyst J. Morris now forecasts that the company will post earnings of $1.66 per share for the year, up from their prior forecast of $1.50. DA Davidson currently has a “Buy” rating and a $41.00 target price on the stock. DA Davidson also issued estimates for Boot Barn’s FY2021 earnings at $1.95 EPS.

A number of other equities research analysts also recently weighed in on BOOT. Susquehanna Bancshares began coverage on Boot Barn in a report on Friday, July 12th. They issued a “neutral” rating and a $35.00 target price for the company. Pivotal Research reaffirmed a “hold” rating and set a $35.00 target price (up previously from $31.00) on shares of Boot Barn in a research report on Thursday, August 1st. Citigroup cut Boot Barn from a “buy” rating to a “neutral” rating and cut their target price for the company from $36.00 to $33.00 in a research report on Monday, July 15th. Piper Jaffray Companies boosted their price objective on Boot Barn from $41.00 to $46.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Co set a $30.00 price objective on Boot Barn and gave the stock a “hold” rating in a research report on Friday, May 17th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.10.

Shares of BOOT opened at $31.12 on Monday. Boot Barn has a 1 year low of $15.01 and a 1 year high of $39.59. The company has a quick ratio of 0.16, a current ratio of 1.14 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $861.98 million, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.07 and a beta of 2.37. The business’s 50-day moving average is $33.68.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.11. Boot Barn had a return on equity of 15.99% and a net margin of 5.24%. The business had revenue of $185.77 million for the quarter, compared to analyst estimates of $179.98 million. During the same period last year, the firm posted $0.15 earnings per share. Boot Barn’s revenue was up 14.7% compared to the same quarter last year.

In other Boot Barn news, CEO James Grant Conroy sold 81,224 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $33.00, for a total value of $2,680,392.00. Following the transaction, the chief executive officer now directly owns 25,868 shares in the company, valued at approximately $853,644. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB increased its stake in Boot Barn by 2.0% in the 1st quarter. Nordea Investment Management AB now owns 171,535 shares of the company’s stock worth $5,050,000 after acquiring an additional 3,300 shares during the last quarter. Summit Creek Advisors LLC increased its stake in Boot Barn by 8.0% in the 1st quarter. Summit Creek Advisors LLC now owns 478,040 shares of the company’s stock worth $14,073,000 after acquiring an additional 35,410 shares during the last quarter. Marshall Wace LLP increased its stake in Boot Barn by 22.1% in the 1st quarter. Marshall Wace LLP now owns 1,094,563 shares of the company’s stock worth $32,223,000 after acquiring an additional 198,108 shares during the last quarter. Intrust Bank NA increased its stake in Boot Barn by 17.7% in the 1st quarter. Intrust Bank NA now owns 19,704 shares of the company’s stock worth $580,000 after acquiring an additional 2,964 shares during the last quarter. Finally, First Hawaiian Bank increased its stake in Boot Barn by 23.4% in the 2nd quarter. First Hawaiian Bank now owns 8,800 shares of the company’s stock worth $314,000 after acquiring an additional 1,670 shares during the last quarter.

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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