Equities analysts expect that Boot Barn Holdings, Inc. (NYSE:BOOT) will 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. The lowest EPS estimate is $0.01 and the highest is $0.02. Boot Barn Holdings also reported earnings per share of $0.02 in the same quarter last year. The business is scheduled to announce its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Boot Barn Holdings will report full year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.55 to $0.58. For the next fiscal year, analysts anticipate that the business will post earnings of $0.66 per share, with EPS estimates ranging from $0.63 to $0.74. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Boot Barn Holdings.

Boot Barn Holdings (NYSE:BOOT) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.03 EPS for the quarter. The firm had revenue of $139.40 million for the quarter, compared to the consensus estimate of $139 million. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share.

BOOT has been the subject of a number of analyst reports. ValuEngine upgraded Boot Barn Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 17th. Zacks Investment Research downgraded Boot Barn Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 1st. J P Morgan Chase & Co restated a “neutral” rating and issued a $7.00 price target (down from $11.00) on shares of Boot Barn Holdings in a research report on Tuesday, June 6th. Citigroup Inc. restated a “buy” rating and issued a $9.00 price target (down from $14.00) on shares of Boot Barn Holdings in a research report on Monday, June 5th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Boot Barn Holdings in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.88.

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In other Boot Barn Holdings news, Director Peter Starrett bought 50,000 shares of Boot Barn Holdings stock in a transaction on Tuesday, June 6th. The shares were acquired at an average price of $6.12 per share, for a total transaction of $306,000.00. Following the completion of the purchase, the director now directly owns 4,726 shares in the company, valued at approximately $28,923.12. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brenda I. Morris bought 7,000 shares of Boot Barn Holdings stock in a transaction on Wednesday, June 7th. The stock was acquired at an average price of $6.33 per share, for a total transaction of $44,310.00. Following the purchase, the director now owns 13,818 shares of the company’s stock, valued at $87,467.94. The disclosure for this purchase can be found here. Company insiders own 4.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in BOOT. Schwab Charles Investment Management Inc. raised its position in shares of Boot Barn Holdings by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 42,544 shares of the company’s stock valued at $302,000 after buying an additional 228 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Boot Barn Holdings by 7.1% in the second quarter. Teachers Advisors LLC now owns 28,080 shares of the company’s stock valued at $199,000 after buying an additional 1,858 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Boot Barn Holdings by 3.3% in the first quarter. Geode Capital Management LLC now owns 101,834 shares of the company’s stock valued at $1,007,000 after buying an additional 3,224 shares in the last quarter. Eagle Global Advisors LLC raised its position in shares of Boot Barn Holdings by 97.3% in the second quarter. Eagle Global Advisors LLC now owns 22,630 shares of the company’s stock valued at $160,000 after buying an additional 11,160 shares in the last quarter. Finally, Gotham Asset Management LLC purchased a new position in shares of Boot Barn Holdings during the first quarter valued at approximately $112,000.

Boot Barn Holdings (NYSE:BOOT) opened at 8.97 on Friday. The firm’s 50 day moving average is $7.31 and its 200 day moving average is $8.98. Boot Barn Holdings has a 1-year low of $5.90 and a 1-year high of $17.26. The stock has a market capitalization of $238.53 million, a P/E ratio of 16.64 and a beta of 1.26.

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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