Analysts expect Boot Barn Holdings Inc (NYSE:BOOT) to post earnings of $0.09 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Boot Barn’s earnings, with estimates ranging from $0.08 to $0.09. Boot Barn posted earnings of $0.04 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 125%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Boot Barn will report full year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $1.11 to $1.22. For the next financial year, analysts anticipate that the company will post earnings of $1.35 per share, with EPS estimates ranging from $1.25 to $1.49. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Boot Barn.

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

BOOT has been the topic of a number of recent research reports. TheStreet upgraded shares of Boot Barn from a “c+” rating to a “b” rating in a report on Tuesday, August 28th. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, July 17th. Pivotal Research set a $24.00 price target on shares of Boot Barn and gave the company a “hold” rating in a report on Wednesday, August 8th. Finally, Citigroup raised their price target on shares of Boot Barn from $28.00 to $33.00 and gave the company a “buy” rating in a report on Friday, September 21st. Two 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.33.

In other Boot Barn news, Director Greg Bettinelli sold 4,726 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $26.18, for a total value of $123,726.68. Following the sale, the director now directly owns 12,995 shares in the company, valued at approximately $340,209.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Starrett sold 74,725 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $29.44, for a total transaction of $2,199,904.00. Following the completion of the sale, the director now owns 68,412 shares in the company, valued at $2,014,049.28. The disclosure for this sale can be found here. Insiders sold a total of 238,193 shares of company stock worth $6,841,756 over the last 90 days. Company insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of BOOT. FMR LLC acquired a new stake in shares of Boot Barn during the 2nd quarter valued at about $15,745,000. Millennium Management LLC lifted its holdings in Boot Barn by 4,108.2% during the 2nd quarter. Millennium Management LLC now owns 578,631 shares of the company’s stock valued at $12,007,000 after purchasing an additional 564,881 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Boot Barn by 33.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,732,918 shares of the company’s stock valued at $30,725,000 after purchasing an additional 435,132 shares during the last quarter. American Century Companies Inc. bought a new position in Boot Barn during the 2nd quarter valued at about $8,417,000. Finally, BlackRock Inc. lifted its holdings in Boot Barn by 47.8% during the 1st quarter. BlackRock Inc. now owns 1,191,805 shares of the company’s stock valued at $21,130,000 after purchasing an additional 385,514 shares during the last quarter.

Shares of Boot Barn stock traded down $0.60 during midday trading on Friday, reaching $28.05. 514,946 shares of the company’s stock traded hands, compared to its average volume of 726,974. The company has a market capitalization of $804.88 million, a P/E ratio of 41.23, a P/E/G ratio of 1.16 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 52 week low of $7.37 and a 52 week high of $31.61.

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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