Wall Street brokerages expect Boot Barn Holdings, Inc. (NYSE:BOOT) to announce sales of $139.99 million for the current quarter, Zacks reports. Four analysts have issued estimates for Boot Barn Holdings’ earnings. The highest sales estimate is $140.90 million and the lowest is $139.00 million. Boot Barn Holdings posted sales of $133.97 million in the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Boot Barn Holdings will report full year sales of $139.99 million for the current fiscal year, with estimates ranging from $652.20 million to $661.20 million. For the next financial year, analysts anticipate that the business will post sales of $698.41 million per share, with estimates ranging from $690.90 million to $708.10 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Boot Barn Holdings.

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

Several brokerages have recently weighed in on BOOT. B. Riley reaffirmed a “buy” rating and set a $9.00 target price on shares of Boot Barn Holdings in a research note on Monday, June 5th. Jefferies Group LLC set a $12.00 target price on Boot Barn Holdings and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Robert W. Baird raised Boot Barn Holdings from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $10.00 to $11.00 in a research note on Friday, August 4th. Citigroup Inc. reaffirmed a “buy” rating and set a $9.00 target price (down from $14.00) on shares of Boot Barn Holdings in a research note on Monday, June 5th. Finally, Zacks Investment Research raised Boot Barn Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Boot Barn Holdings has a consensus rating of “Hold” and a consensus target price of $10.88.

In related news, Director Brenda I. Morris bought 7,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was bought at an average cost of $6.33 per share, for a total transaction of $44,310.00. Following the acquisition, the director now directly owns 13,818 shares in the company, valued at $87,467.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Starrett bought 50,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was bought at an average price of $6.12 per share, with a total value of $306,000.00. Following the completion of the acquisition, the director now owns 4,726 shares in the company, valued at $28,923.12. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of BOOT. Frontier Capital Management Co. LLC boosted its stake in shares of Boot Barn Holdings by 1.5% in the first quarter. Frontier Capital Management Co. LLC now owns 2,411,873 shares of the company’s stock valued at $23,853,000 after buying an additional 35,683 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Boot Barn Holdings by 26.1% in the second quarter. Franklin Resources Inc. now owns 1,840,355 shares of the company’s stock valued at $13,030,000 after buying an additional 381,163 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Boot Barn Holdings by 10.3% in the second quarter. Stephens Investment Management Group LLC now owns 1,355,588 shares of the company’s stock valued at $9,598,000 after buying an additional 127,021 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Boot Barn Holdings by 83.8% in the second quarter. Dimensional Fund Advisors LP now owns 626,993 shares of the company’s stock valued at $4,439,000 after buying an additional 285,871 shares during the last quarter. Finally, 1060 Capital LLC bought a new stake in shares of Boot Barn Holdings during the first quarter valued at about $4,820,000.

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Boot Barn Holdings (BOOT) traded down 2.20% during midday trading on Tuesday, reaching $8.45. 196,138 shares of the company traded hands. The firm has a 50-day moving average of $7.37 and a 200-day moving average of $8.93. The stock has a market capitalization of $224.70 million, a P/E ratio of 15.68 and a beta of 1.26. Boot Barn Holdings has a 1-year low of $5.90 and a 1-year high of $17.26.

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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