Boot Barn Holdings, Inc. (BOOT) Releases FY18 Earnings Guidance
Boot Barn Holdings, Inc. (NYSE:BOOT) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.57-0.61 for the period, compared to the Thomson Reuters consensus estimate of $0.57. Boot Barn Holdings also updated its Q3 guidance to $0.40-0.43 EPS.
Several equities research analysts have issued reports on the stock. Piper Jaffray Companies reaffirmed a buy rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Boot Barn Holdings from a hold rating to a buy rating and set a $9.75 price target on the stock in a research note on Tuesday, October 3rd. Robert W. Baird raised shares of Boot Barn Holdings from a neutral rating to an outperform rating and raised their price target for the stock from $10.00 to $11.00 in a research note on Friday, August 4th. TheStreet raised shares of Boot Barn Holdings from a d rating to a c rating in a research note on Monday. Finally, Jefferies Group LLC reaffirmed a buy rating on shares of Boot Barn Holdings in a research note on Wednesday, October 11th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Boot Barn Holdings has an average rating of Buy and a consensus price target of $10.34.
Boot Barn Holdings (NYSE:BOOT) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $139.40 million for 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 business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS.
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A hedge fund recently raised its stake in Boot Barn Holdings stock. State Street Corp boosted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 203,372 shares of the company’s stock after buying an additional 8,835 shares during the period. State Street Corp owned about 0.76% of Boot Barn Holdings worth $1,440,000 at the end of the most recent reporting period.
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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