Wall Street analysts expect that Boot Barn Holdings Inc (NYSE:BOOT) will announce $251.14 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Boot Barn’s earnings, with the highest sales estimate coming in at $256.22 million and the lowest estimate coming in at $249.20 million. Boot Barn posted sales of $224.73 million in the same quarter last year, which suggests a positive year over year growth rate of 11.8%. The firm is expected to issue its next earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that Boot Barn will report full-year sales of $768.92 million for the current fiscal year, with estimates ranging from $764.10 million to $779.94 million. For the next fiscal year, analysts expect that the business will post sales of $862.57 million, with estimates ranging from $856.00 million to $877.04 million. Zacks’ sales 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 quarterly earnings results on Thursday, October 25th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Boot Barn had a return on equity of 11.44% and a net margin of 5.28%. The firm had revenue of $168.11 million during the quarter, compared to the consensus estimate of $161.72 million.

BOOT has been the subject of a number of recent research reports. Jefferies Financial Group upped their price target on Boot Barn from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. Pivotal Research reaffirmed a “hold” rating and set a $27.00 price target on shares of Boot Barn in a research report on Wednesday, October 24th. Citigroup upped their price target on Boot Barn from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. William Blair initiated coverage on Boot Barn in a research report on Tuesday, October 9th. They set an “outperform” rating for the company. Finally, Zacks Investment Research raised Boot Barn from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Friday, October 12th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $27.22.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in shares of Boot Barn by 38.5% in the 3rd quarter. Legal & General Group Plc now owns 4,690 shares of the company’s stock valued at $134,000 after buying an additional 1,303 shares during the last quarter. Globeflex Capital L P raised its stake in Boot Barn by 48.8% in the 3rd quarter. Globeflex Capital L P now owns 6,304 shares of the company’s stock valued at $179,000 after acquiring an additional 2,067 shares during the period. FMR LLC raised its stake in Boot Barn by 0.5% in the 3rd quarter. FMR LLC now owns 762,734 shares of the company’s stock valued at $21,669,000 after acquiring an additional 3,928 shares during the period. Rhumbline Advisers raised its stake in Boot Barn by 30.0% in the 3rd quarter. Rhumbline Advisers now owns 23,256 shares of the company’s stock valued at $661,000 after acquiring an additional 5,369 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in Boot Barn by 24.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 29,153 shares of the company’s stock valued at $828,000 after acquiring an additional 5,649 shares during the period.

NYSE:BOOT opened at $19.39 on Friday. Boot Barn has a twelve month low of $15.01 and a twelve month high of $31.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.56 and a quick ratio of 0.20. The company has a market cap of $560.08 million, a price-to-earnings ratio of 27.70, a PEG ratio of 0.78 and a beta of 2.01.

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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