Analysts Anticipate Boot Barn Holdings Inc (BOOT) to Post $0.27 Earnings Per Share

Brokerages expect Boot Barn Holdings Inc (NYSE:BOOT) to report earnings per share (EPS) of $0.27 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Boot Barn’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.28. Boot Barn reported earnings per share of $0.17 in the same quarter last year, which indicates a positive year-over-year growth rate of 58.8%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 21st.

On average, analysts expect that Boot Barn will report full-year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.33. For the next fiscal year, analysts expect that the company will report earnings of $1.51 per share, with EPS estimates ranging from $1.48 to $1.56. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Boot Barn.

Boot Barn (NYSE:BOOT) last released its earnings results on Tuesday, February 5th. The company reported $0.66 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.66. The firm had revenue of $254.00 million during the quarter, compared to analysts’ expectations of $254.55 million. Boot Barn had a net margin of 4.93% and a return on equity of 13.54%. Boot Barn’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS.

Several analysts have commented on BOOT shares. Pivotal Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and lowered their target price for the stock from $27.00 to $24.00 in a research note on Monday, January 7th. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 16th. Sidoti began coverage on shares of Boot Barn in a research report on Thursday, March 14th. They set a “buy” rating for the company. Finally, ValuEngine raised shares of Boot Barn from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Boot Barn currently has an average rating of “Buy” and a consensus target price of $28.22.

In other Boot Barn news, Director Brenda I. Morris sold 7,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $28.04, for a total value of $196,280.00. Following the completion of the transaction, the director now owns 17,724 shares in the company, valued at approximately $496,980.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Boot Barn by 1.2% in the fourth quarter. BlackRock Inc. now owns 1,894,425 shares of the company’s stock worth $32,261,000 after acquiring an additional 22,632 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Boot Barn by 30.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,814,323 shares of the company’s stock worth $51,544,000 after purchasing an additional 425,193 shares during the period. Vanguard Group Inc lifted its stake in shares of Boot Barn by 30.6% in the 3rd quarter. Vanguard Group Inc now owns 1,814,323 shares of the company’s stock worth $51,544,000 after purchasing an additional 425,193 shares during the period. FMR LLC lifted its stake in shares of Boot Barn by 24.4% in the 4th quarter. FMR LLC now owns 948,956 shares of the company’s stock worth $16,161,000 after purchasing an additional 186,222 shares during the period. Finally, Copper Rock Capital Partners LLC lifted its stake in shares of Boot Barn by 7.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 928,210 shares of the company’s stock worth $15,919,000 after purchasing an additional 65,926 shares during the period.

BOOT stock traded down $1.11 during midday trading on Friday, hitting $30.55. The stock had a trading volume of 14,388 shares, compared to its average volume of 1,101,348. The stock has a market capitalization of $896.93 million, a P/E ratio of 45.41, a PEG 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 has a 12-month low of $15.01 and a 12-month high of $32.21.

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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