Boot Barn Holdings, Inc. (NYSE:BOOT) Expected to Announce Quarterly Sales of $280.03 Million

Analysts expect Boot Barn Holdings, Inc. (NYSE:BOOT) to post $280.03 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Boot Barn’s earnings, with estimates ranging from $201.10 million to $315.00 million. Boot Barn reported sales of $147.77 million in the same quarter last year, which would suggest a positive year over year growth rate of 89.5%. The business is scheduled to report its next earnings results on Tuesday, August 3rd.

On average, analysts expect that Boot Barn will report full year sales of $1.13 billion for the current financial year, with estimates ranging from $987.30 million to $1.20 billion. For the next financial year, analysts expect that the firm will report sales of $1.22 billion, with estimates ranging from $1.14 billion to $1.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Boot Barn.

Boot Barn (NYSE:BOOT) last posted its earnings results on Tuesday, May 11th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.32. Boot Barn had a return on equity of 16.27% and a net margin of 6.65%. The firm had revenue of $258.90 million for the quarter, compared to analyst estimates of $226.02 million. During the same quarter in the prior year, the company earned $0.18 EPS. Boot Barn’s revenue was up 37.3% on a year-over-year basis.

A number of equities research analysts have issued reports on BOOT shares. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Monday, May 10th. Craig Hallum increased their price target on Boot Barn from $54.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, May 13th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $55.67.

In related news, insider John Hazen sold 6,892 shares of the firm’s stock in a transaction that occurred on Monday, May 24th. The stock was sold at an average price of $73.80, for a total transaction of $508,629.60. Following the transaction, the insider now owns 1,666 shares in the company, valued at approximately $122,950.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO James Grant Conroy sold 49,728 shares of the stock in a transaction that occurred on Wednesday, May 26th. The stock was sold at an average price of $76.06, for a total value of $3,782,311.68. Following the sale, the chief executive officer now directly owns 25,092 shares of the company’s stock, valued at $1,908,497.52. The disclosure for this sale can be found here. Insiders have sold a total of 149,835 shares of company stock worth $11,382,318 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of BOOT. GW&K Investment Management LLC acquired a new stake in Boot Barn during the 4th quarter worth approximately $27,734,000. Loomis Sayles & Co. L P acquired a new stake in Boot Barn during the 1st quarter worth approximately $34,902,000. BlackRock Inc. lifted its position in Boot Barn by 5.6% during the 4th quarter. BlackRock Inc. now owns 4,417,162 shares of the company’s stock worth $191,529,000 after acquiring an additional 235,801 shares during the period. Lisanti Capital Growth LLC lifted its position in Boot Barn by 185.4% during the 4th quarter. Lisanti Capital Growth LLC now owns 259,433 shares of the company’s stock worth $11,249,000 after acquiring an additional 168,530 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Boot Barn during the 1st quarter worth approximately $9,602,000.

BOOT stock opened at $75.45 on Friday. The company has a quick ratio of 0.45, a current ratio of 1.69 and a debt-to-equity ratio of 0.74. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 37.73 and a beta of 2.96. The firm has a 50-day moving average of $71.59. Boot Barn has a 1 year low of $17.87 and a 1 year high of $80.10.

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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