Equities analysts expect that Boot Barn Holdings Inc (NYSE:BOOT) will announce $166.00 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Boot Barn’s earnings. The lowest sales estimate is $161.10 million and the highest is $174.00 million. Boot Barn reported sales of $163.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The company is expected to announce its next earnings report on Thursday, June 7th.

According to Zacks, analysts expect that Boot Barn will report full-year sales of $166.00 million for the current financial year, with estimates ranging from $668.30 million to $681.00 million. For the next financial year, analysts forecast that the firm will post sales of $735.66 million per share, with estimates ranging from $724.70 million to $751.60 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Boot Barn.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $224.70 million for the quarter, compared to the consensus estimate of $225.00 million. Boot Barn had a net margin of 3.67% and a return on equity of 9.55%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share.

A number of brokerages have issued reports on BOOT. Pivotal Research set a $19.00 price objective on shares of Boot Barn and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, February 8th. TheStreet upgraded shares of Boot Barn from a “d” rating to a “c” rating in a research note on Monday, October 30th. ValuEngine upgraded shares of Boot Barn from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $24.00 price target on shares of Boot Barn in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Boot Barn currently has an average rating of “Buy” and an average price target of $17.75.

Shares of Boot Barn (NYSE BOOT) traded down $0.11 during trading on Monday, reaching $18.36. 25,052 shares of the company’s stock were exchanged, compared to its average volume of 972,869. The firm has a market capitalization of $505.31, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.29 and a beta of 1.71. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.46 and a quick ratio of 0.22. Boot Barn has a 12-month low of $5.90 and a 12-month high of $20.31.

In related news, CEO James Grant Conroy sold 178,773 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total value of $3,083,834.25. Following the completion of the transaction, the chief executive officer now owns 182,580 shares in the company, valued at approximately $3,149,505. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total transaction of $110,634,876.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,643,581 shares of company stock worth $114,601,772. 4.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in Boot Barn by 811.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 9,908 shares of the company’s stock valued at $165,000 after buying an additional 8,821 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in Boot Barn in the 4th quarter valued at approximately $246,000. BlueCrest Capital Management Ltd bought a new position in Boot Barn in the 2nd quarter valued at approximately $116,000. Cubist Systematic Strategies LLC bought a new position in Boot Barn in the 3rd quarter valued at approximately $151,000. Finally, Acadian Asset Management LLC bought a new position in Boot Barn in the 4th quarter valued at approximately $348,000.

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About Boot Barn

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

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