$139.61 Million in Sales Expected for Boot Barn Holdings, Inc. (BOOT) This Quarter
Analysts expect Boot Barn Holdings, Inc. (NYSE:BOOT) to post sales of $139.61 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Boot Barn Holdings’ earnings, with the highest sales estimate coming in at $140.54 million and the lowest estimate coming in at $139.00 million. Boot Barn Holdings posted sales of $133.97 million during the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The company is expected to announce its next earnings results on Wednesday, October 25th.
On average, analysts expect that Boot Barn Holdings will report full-year sales of $139.61 million for the current year, with estimates ranging from $652.20 million to $663.90 million. For the next fiscal year, analysts expect that the firm will post sales of $699.83 million per share, with estimates ranging from $690.90 million to $713.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Boot Barn Holdings.
Boot Barn Holdings (NYSE:BOOT) last posted its earnings results on Tuesday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $139.40 million during the quarter, compared to the consensus estimate of $139.00 million. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 EPS.
A number of research analysts recently weighed in on the company. Piper Jaffray Companies reissued a “buy” rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. Zacks Investment Research raised Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research note on Tuesday, October 3rd. Robert W. Baird raised Boot Barn Holdings from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $10.00 to $11.00 in a research note on Friday, August 4th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Boot Barn Holdings in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Boot Barn Holdings has an average rating of “Buy” and an average price target of $10.34.
Several hedge funds have recently modified their holdings of BOOT. Bank of New York Mellon Corp raised its stake in shares of Boot Barn Holdings by 78.9% in the 1st quarter. Bank of New York Mellon Corp now owns 145,361 shares of the company’s stock valued at $1,438,000 after acquiring an additional 64,125 shares in the last quarter. Oxford Asset Management increased its position in Boot Barn Holdings by 127.5% in the 1st quarter. Oxford Asset Management now owns 57,719 shares of the company’s stock worth $571,000 after buying an additional 32,349 shares during the period. Menta Capital LLC increased its position in Boot Barn Holdings by 137.8% in the 1st quarter. Menta Capital LLC now owns 182,394 shares of the company’s stock worth $1,804,000 after buying an additional 105,692 shares during the period. Geode Capital Management LLC increased its position in Boot Barn Holdings by 3.3% in the 1st quarter. Geode Capital Management LLC now owns 101,834 shares of the company’s stock worth $1,007,000 after buying an additional 3,224 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Boot Barn Holdings by 100.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 341,122 shares of the company’s stock worth $3,374,000 after buying an additional 171,147 shares during the period.
Shares of Boot Barn Holdings (NYSE BOOT) opened at 8.61 on Monday. Boot Barn Holdings has a 52-week low of $5.90 and a 52-week high of $17.26. The firm has a market cap of $228.96 million, a P/E ratio of 15.97 and a beta of 1.29. The company’s 50-day moving average is $8.45 and its 200-day moving average is $8.38.
About Boot Barn Holdings
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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