$0.17 Earnings Per Share Expected for Boot Barn Holdings Inc (BOOT) This Quarter

Wall Street brokerages forecast that Boot Barn Holdings Inc (NYSE:BOOT) will post earnings of $0.17 per share for the current quarter, Zacks reports. Four analysts have made estimates for Boot Barn’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.19. Boot Barn reported earnings of $0.12 per share in the same quarter last year, which indicates a positive year over year growth rate of 41.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, June 7th.

According to Zacks, analysts expect that Boot Barn will report full-year earnings of $0.70 per share for the current financial year. For the next year, analysts forecast that the firm will report earnings of $0.98 per share, with EPS estimates ranging from $0.90 to $1.05. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Boot Barn.

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Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, January 31st. The company reported $0.46 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.46. The business had revenue of $224.70 million during the quarter, compared to analyst estimates of $225.00 million. Boot Barn had a return on equity of 9.55% and a net margin of 3.67%. Boot Barn’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS.

BOOT has been the subject of several recent research reports. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Monday. ValuEngine raised Boot Barn from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird reissued a “buy” rating and issued a $24.00 price target on shares of Boot Barn in a research report on Thursday, February 1st. Pivotal Research set a $19.00 price target on Boot Barn and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Finally, Wells Fargo & Co set a $20.00 price target on Boot Barn and gave the stock a “hold” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $17.75.

In related news, insider Laurie Marie Grijalva sold 26,863 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $18.50, for a total transaction of $496,965.50. Following the transaction, the insider now directly owns 33,588 shares of the company’s stock, valued at approximately $621,378. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Greg Bettinelli sold 51,192 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total value of $883,062.00. Following the transaction, the director now directly owns 58,875 shares in the company, valued at $1,015,593.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,682,831 shares of company stock valued at $115,327,897. Corporate insiders own 4.60% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Engineers Gate Manager LP acquired a new position in Boot Barn during the 4th quarter valued at about $673,000. Stephens Investment Management Group LLC increased its position in Boot Barn by 15.7% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,568,993 shares of the company’s stock valued at $13,964,000 after buying an additional 213,405 shares in the last quarter. Northern Trust Corp increased its position in Boot Barn by 7.9% during the 2nd quarter. Northern Trust Corp now owns 345,576 shares of the company’s stock valued at $2,447,000 after buying an additional 25,191 shares in the last quarter. GMT Capital Corp acquired a new position in Boot Barn during the 3rd quarter valued at about $3,492,000. Finally, GSA Capital Partners LLP acquired a new position in Boot Barn during the 3rd quarter valued at about $1,261,000.

Shares of Boot Barn (BOOT) traded up $0.38 during midday trading on Friday, reaching $18.74. The company’s stock had a trading volume of 993,990 shares, compared to its average volume of 823,421. The company has a current ratio of 1.46, a quick ratio of 0.22 and a debt-to-equity ratio of 0.93. The company has a market cap of $500.70, a price-to-earnings ratio of 20.82, a PEG ratio of 1.28 and a beta of 1.63. Boot Barn has a 1-year low of $5.90 and a 1-year high of $20.31.

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About Boot Barn

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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Earnings History and Estimates for Boot Barn (NYSE:BOOT)

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