Wall Street analysts predict that Boot Barn Holdings, Inc. (NYSE:BOOT) will post $212.83 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Boot Barn’s earnings, with estimates ranging from $211.00 million to $216.20 million. Boot Barn posted sales of $199.43 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.7%. The business is scheduled to issue its next quarterly earnings results on Tuesday, January 30th.

On average, analysts expect that Boot Barn will report full-year sales of $212.83 million for the current year, with estimates ranging from $659.40 million to $666.00 million. For the next fiscal year, analysts expect that the business will report sales of $705.89 million per share, with estimates ranging from $696.90 million to $721.25 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Boot Barn.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Boot Barn had a return on equity of 8.70% and a net margin of 2.32%. The company had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $139.92 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis.

A number of brokerages have recently issued reports on BOOT. Zacks Investment Research upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a report on Tuesday, October 3rd. TheStreet upgraded Boot Barn from a “d” rating to a “c” rating in a report on Monday, October 30th. Robert W. Baird restated a “buy” rating and set a $11.00 price objective on shares of Boot Barn in a report on Friday, October 13th. Jefferies Group restated a “buy” rating and set a $20.00 price objective on shares of Boot Barn in a report on Monday, December 18th. Finally, BidaskClub upgraded Boot Barn from a “hold” rating to a “buy” rating in a report on Saturday, November 11th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $12.84.

Shares of Boot Barn (BOOT) opened at $17.97 on Tuesday. Boot Barn has a 1-year low of $5.90 and a 1-year high of $18.00. The stock has a market capitalization of $479.86, a P/E ratio of 32.67, a PEG ratio of 1.77 and a beta of 1.79. The company has a current ratio of 1.32, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04.

Several hedge funds have recently modified their holdings of BOOT. Schwab Charles Investment Management Inc. boosted its stake in shares of Boot Barn 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 during the period. Marshall Wace North America L.P. bought a new stake in shares of Boot Barn in the second quarter valued at approximately $178,000. Engineers Gate Manager LP bought a new stake in shares of Boot Barn in the second quarter valued at approximately $395,000. Franklin Resources Inc. boosted its stake in shares of Boot Barn 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 period. Finally, Capital Fund Management S.A. bought a new stake in shares of Boot Barn in the second quarter valued at approximately $114,000.

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Boot Barn 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.

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