Analysts expect Boot Barn Holdings Inc (NYSE:BOOT) to post sales of $161.55 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Boot Barn’s earnings. The lowest sales estimate is $160.40 million and the highest is $163.23 million. Boot Barn reported sales of $143.07 million during the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The business is scheduled to issue its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Boot Barn will report full year sales of $757.54 million for the current year, with estimates ranging from $750.50 million to $765.82 million. For the next year, analysts anticipate that the business will report sales of $846.10 million per share, with estimates ranging from $836.00 million to $866.79 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Boot Barn.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Boot Barn had a return on equity of 11.04% and a net margin of 4.98%. The business had revenue of $161.98 million for the quarter, compared to the consensus estimate of $159.57 million.

BOOT has been the subject of a number of research analyst reports. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, July 17th. Pivotal Research set a $24.00 target price on Boot Barn and gave the company a “hold” rating in a research report on Wednesday, August 8th. TheStreet raised Boot Barn from a “c+” rating to a “b” rating in a research report on Tuesday, August 28th. Finally, Citigroup upped their target price on Boot Barn from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Boot Barn presently has a consensus rating of “Buy” and a consensus price target of $26.33.

In other Boot Barn news, CEO James Grant Conroy sold 98,870 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $27.67, for a total transaction of $2,735,732.90. Following the completion of the sale, the chief executive officer now directly owns 64,515 shares of the company’s stock, valued at approximately $1,785,130.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laurie Marie Grijalva sold 41,779 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $29.90, for a total value of $1,249,192.10. Following the sale, the insider now directly owns 18,327 shares of the company’s stock, valued at $547,977.30. The disclosure for this sale can be found here. Insiders have sold a total of 238,193 shares of company stock valued at $6,841,756 over the last ninety days. 2.00% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Boot Barn by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,896,647 shares of the company’s stock worth $39,356,000 after acquiring an additional 163,729 shares during the period. BlackRock Inc. lifted its position in Boot Barn by 23.2% during the 2nd quarter. BlackRock Inc. now owns 1,468,787 shares of the company’s stock worth $30,476,000 after acquiring an additional 276,982 shares during the period. Renaissance Technologies LLC lifted its position in Boot Barn by 34.1% during the 2nd quarter. Renaissance Technologies LLC now owns 859,800 shares of the company’s stock worth $17,841,000 after acquiring an additional 218,700 shares during the period. FMR LLC acquired a new stake in Boot Barn during the 2nd quarter worth approximately $15,745,000. Finally, Millennium Management LLC lifted its position in Boot Barn by 4,108.2% during the 2nd quarter. Millennium Management LLC now owns 578,631 shares of the company’s stock worth $12,007,000 after acquiring an additional 564,881 shares during the period.

BOOT opened at $27.71 on Monday. The stock has a market capitalization of $775.77 million, a PE ratio of 39.59, a price-to-earnings-growth ratio of 1.12 and a beta of 1.83. The company has a current ratio of 1.59, a quick ratio of 0.20 and a debt-to-equity ratio of 0.80. Boot Barn has a one year low of $7.37 and a one year high of $31.61.

About Boot Barn

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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