Zacks: Brokerages Expect Boot Barn Holdings, Inc. (BOOT) Will Announce Quarterly Sales of $139.61 Million
Brokerages expect Boot Barn Holdings, Inc. (NYSE:BOOT) to post sales of $139.61 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Boot Barn Holdings’ earnings. The lowest sales estimate is $139.00 million and the highest is $140.54 million. Boot Barn Holdings reported sales of $133.97 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The firm is scheduled to announce its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Boot Barn Holdings will report full-year sales of $139.61 million for the current year, with estimates ranging from $652.20 million to $663.90 million. For the next year, analysts expect that the company will post sales of $699.83 million per share, with estimates ranging from $690.90 million to $713.80 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Boot Barn Holdings.
Boot Barn Holdings (NYSE:BOOT) last announced its earnings results on Tuesday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The business had revenue of $139.40 million for the quarter, compared to analyst estimates of $139.00 million. During the same quarter last year, the business earned $0.02 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year.
BOOT has been the topic of a number of recent analyst reports. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $7.00 price target (down from $11.00) on shares of Boot Barn Holdings in a research note on Tuesday, June 6th. Zacks Investment Research cut shares of Boot Barn Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Boot Barn Holdings in a research note on Tuesday, July 4th. Citigroup Inc. reaffirmed a “buy” rating and set a $9.00 price target (down from $14.00) on shares of Boot Barn Holdings in a research note on Monday, June 5th. Finally, ValuEngine cut shares of Boot Barn Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.88.
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Shares of Boot Barn Holdings (NYSE:BOOT) traded up 3.95% during mid-day trading on Thursday, hitting $8.68. 167,099 shares of the stock traded hands. The firm has a market cap of $230.82 million, a price-to-earnings ratio of 16.10 and a beta of 1.26. Boot Barn Holdings has a 12-month low of $5.90 and a 12-month high of $17.26. The firm’s 50 day moving average price is $8.39 and its 200 day moving average price is $8.45.
A number of hedge funds and other institutional investors have recently modified their holdings of BOOT. Trexquant Investment LP acquired a new stake in Boot Barn Holdings in the 2nd quarter valued at about $106,000. Gotham Asset Management LLC acquired a new stake in Boot Barn Holdings in the 1st quarter valued at about $112,000. Capital Fund Management S.A. acquired a new stake in Boot Barn Holdings in the 2nd quarter valued at about $114,000. BlueCrest Capital Management Ltd acquired a new stake in Boot Barn Holdings in the 2nd quarter valued at about $116,000. Finally, Alambic Investment Management L.P. acquired a new stake in Boot Barn Holdings in the 1st quarter valued at about $155,000.
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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