Boot Barn Holdings, Inc. (BOOT) Expected to Post Earnings of $0.02 Per Share
Wall Street analysts expect Boot Barn Holdings, Inc. (NYSE:BOOT) to announce earnings of $0.02 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Boot Barn Holdings’ earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.01. Boot Barn Holdings also posted earnings per share of $0.02 in the same quarter last year. The company is scheduled to issue its next earnings report on Wednesday, October 25th.
On average, analysts expect that Boot Barn Holdings will report full-year earnings of $0.57 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.58. For the next fiscal year, analysts anticipate that the company will post earnings of $0.66 per share, with EPS estimates ranging from $0.63 to $0.74. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Boot Barn Holdings.
Boot Barn Holdings (NYSE:BOOT) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $139.40 million for the quarter, compared to analyst estimates of $139 million. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. Boot Barn Holdings’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.02 EPS.
BOOT has been the topic of several recent analyst reports. B. Riley restated a “buy” rating and set a $9.00 target price on shares of Boot Barn Holdings in a research report on Wednesday, May 31st. ValuEngine downgraded shares of Boot Barn Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 23rd. Piper Jaffray Companies reissued a “buy” rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and set a $15.00 price objective on shares of Boot Barn Holdings in a research note on Tuesday, July 4th. Finally, Citigroup Inc. reissued a “buy” rating and set a $9.00 price objective (down previously from $14.00) on shares of Boot Barn Holdings in a research note on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.88.
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In related news, Director Peter Starrett acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was bought at an average cost of $6.12 per share, with a total value of $306,000.00. Following the acquisition, the director now directly owns 4,726 shares in the company, valued at $28,923.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brenda I. Morris acquired 7,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were bought at an average cost of $6.33 per share, with a total value of $44,310.00. Following the completion of the acquisition, the director now owns 13,818 shares in the company, valued at $87,467.94. The disclosure for this purchase can be found here. 4.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in BOOT. Gotham Asset Management LLC acquired a new position in Boot Barn Holdings during the 1st quarter worth $112,000. Eagle Global Advisors LLC acquired a new position in Boot Barn Holdings during the 1st quarter worth $113,000. Trexquant Investment LP acquired a new position in Boot Barn Holdings during the 2nd quarter worth $106,000. Alambic Investment Management L.P. acquired a new position in Boot Barn Holdings during the 1st quarter worth $155,000. Finally, Capital Fund Management S.A. acquired a new position in Boot Barn Holdings during the 2nd quarter worth $114,000.
Shares of Boot Barn Holdings (NYSE:BOOT) traded up 7.16% on Thursday, reaching $8.68. 304,087 shares of the company were exchanged. The company has a market capitalization of $230.82 million, a P/E ratio of 16.10 and a beta of 1.26. The stock has a 50 day moving average of $7.90 and a 200-day moving average of $8.68. Boot Barn Holdings has a 52-week low of $5.90 and a 52-week high of $17.26.
Boot Barn Holdings Company Profile
Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.
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