Boot Barn (NYSE:BOOT) Releases Q3 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.45-0.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.43. Boot Barn also updated its FY18 guidance to $0.60-0.64 EPS.

Boot Barn (NYSE:BOOT) traded up $0.49 on Wednesday, hitting $17.53. 1,051,157 shares of the company were exchanged, compared to its average volume of 910,721. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 0.16. Boot Barn has a one year low of $5.90 and a one year high of $19.66. The company has a market capitalization of $452.89, a price-to-earnings ratio of 31.87, a P/E/G ratio of 1.66 and a beta of 1.79.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The company had revenue of $143.10 million for the quarter, compared to analyst estimates of $139.92 million. During the same period last year, the firm earned $0.02 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. analysts predict that Boot Barn will post 0.67 earnings per share for the current year.

A number of analysts recently issued reports on BOOT shares. Zacks Investment Research upgraded shares of 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. Jefferies Group reiterated a buy rating on shares of Boot Barn in a research note on Wednesday, October 11th. Robert W. Baird reiterated a buy rating and issued a $11.00 target price on shares of Boot Barn in a research note on Friday, October 13th. TheStreet upgraded shares of Boot Barn from a d rating to a c rating in a research note on Monday, October 30th. Finally, Citigroup lifted their target price on shares of Boot Barn from $10.00 to $12.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $14.08.

In other news, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total value of $110,634,876.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Greg Bettinelli sold 51,192 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total transaction of $883,062.00. Following the completion of the sale, the director now owns 58,875 shares of the company’s stock, valued at $1,015,593.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,643,581 shares of company stock valued at $114,601,772. 4.60% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Boot Barn stock. State Street Corp lifted its holdings in Boot Barn Holdings Inc (NYSE:BOOT) by 4.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 203,372 shares of the company’s stock after acquiring an additional 8,835 shares during the quarter. State Street Corp owned 0.76% of Boot Barn worth $1,440,000 at the end of the most recent quarter.

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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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