Analysts Anticipate Boot Barn Holdings, Inc. (BOOT) to Post $0.02 EPS
Analysts forecast that Boot Barn Holdings, Inc. (NYSE:BOOT) will announce earnings per share (EPS) of $0.02 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Boot Barn Holdings’ earnings, with estimates ranging from $0.00 to $0.05. Boot Barn Holdings also posted earnings of $0.02 per share during the same quarter last year. The firm is scheduled to issue its next quarterly earnings results 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 financial year, with EPS estimates ranging from $0.57 to $0.58. For the next financial year, analysts forecast that the firm will post earnings of $0.67 per share, with EPS estimates ranging from $0.63 to $0.74. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Boot Barn Holdings.
Boot Barn Holdings (NYSE:BOOT) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.03 EPS for the quarter. The company had revenue of $139.40 million during the quarter, compared to the consensus estimate of $139.00 million. Boot Barn Holdings had a return on equity of 8.58% and a net margin of 2.26%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 EPS.
Several brokerages recently issued reports on BOOT. Piper Jaffray Companies reiterated a “buy” rating on shares of Boot Barn Holdings in a report on Thursday, August 3rd. Zacks Investment Research upgraded Boot Barn Holdings from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Tuesday. Robert W. Baird raised Boot Barn Holdings from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $10.00 to $11.00 in a research report 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 report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $10.34.
A number of hedge funds have recently bought and sold shares of BOOT. Bank of New York Mellon Corp boosted its position in Boot Barn Holdings by 78.9% in the first quarter. Bank of New York Mellon Corp now owns 145,361 shares of the company’s stock worth $1,438,000 after purchasing an additional 64,125 shares during the last quarter. Oxford Asset Management boosted its position in Boot Barn Holdings by 127.5% in the first quarter. Oxford Asset Management now owns 57,719 shares of the company’s stock worth $571,000 after purchasing an additional 32,349 shares during the last quarter. Menta Capital LLC boosted its position in Boot Barn Holdings by 137.8% in the first quarter. Menta Capital LLC now owns 182,394 shares of the company’s stock worth $1,804,000 after purchasing an additional 105,692 shares during the last quarter. Geode Capital Management LLC boosted its position in Boot Barn Holdings by 3.3% in the first quarter. Geode Capital Management LLC now owns 101,834 shares of the company’s stock worth $1,007,000 after purchasing an additional 3,224 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Boot Barn Holdings by 100.7% in the first quarter. Dimensional Fund Advisors LP now owns 341,122 shares of the company’s stock worth $3,374,000 after purchasing an additional 171,147 shares during the last quarter.
Boot Barn Holdings (BOOT) traded down 2.16% during midday trading on Friday, hitting $8.61. The stock had a trading volume of 169,424 shares. 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 $228.96 million, a PE ratio of 15.97 and a beta of 1.29. The stock’s 50-day moving average is $8.45 and its 200-day moving average is $8.38.
Boot Barn Holdings Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Boot Barn Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.