Boot Barn Holdings Inc (BOOT) Expected to Post Quarterly Sales of $166.00 Million
Analysts predict that Boot Barn Holdings Inc (NYSE:BOOT) will report $166.00 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Boot Barn’s earnings, with the lowest sales estimate coming in at $161.10 million and the highest estimate coming in at $174.00 million. Boot Barn reported sales of $163.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The company is scheduled to report its next quarterly earnings results on Thursday, June 7th.
According to Zacks, analysts expect that Boot Barn will report full year sales of $166.00 million for the current fiscal year, with estimates ranging from $668.30 million to $681.00 million. For the next financial year, analysts forecast that the firm will post sales of $735.66 million per share, with estimates ranging from $724.70 million to $751.60 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Boot Barn.
Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. Boot Barn had a return on equity of 9.55% and a net margin of 3.67%. The firm had revenue of $224.70 million during the quarter, compared to analysts’ expectations of $225.00 million. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year.
Boot Barn (NYSE BOOT) traded down $0.02 on Thursday, hitting $18.03. The stock had a trading volume of 609,269 shares, compared to its average volume of 904,434. Boot Barn has a 1 year low of $5.90 and a 1 year high of $20.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.46 and a quick ratio of 0.22. The stock has a market cap of $489.04, a PE ratio of 15.82, a P/E/G ratio of 1.25 and a beta of 1.63.
In other Boot Barn news, CEO James Grant Conroy sold 178,773 shares of the company’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 $3,083,834.25. Following the completion of the transaction, the chief executive officer now owns 182,580 shares of the company’s stock, valued at approximately $3,149,505. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of the company’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 disclosure for this sale can be found here. In the last three months, insiders sold 6,643,581 shares of company stock valued at $114,601,772. 4.60% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. raised its position in Boot Barn by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 42,544 shares of the company’s stock valued at $302,000 after purchasing an additional 228 shares during the last quarter. Teachers Advisors LLC raised its position in Boot Barn by 7.1% during the 2nd quarter. Teachers Advisors LLC now owns 28,080 shares of the company’s stock valued at $199,000 after purchasing an additional 1,858 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Boot Barn by 811.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,908 shares of the company’s stock valued at $165,000 after purchasing an additional 8,821 shares during the last quarter. State Street Corp raised its position in Boot Barn by 4.5% during the 2nd quarter. State Street Corp now owns 203,372 shares of the company’s stock valued at $1,440,000 after purchasing an additional 8,835 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in Boot Barn by 1.8% during the 3rd quarter. Citadel Advisors LLC now owns 540,305 shares of the company’s stock valued at $4,808,000 after purchasing an additional 9,437 shares during the last quarter.
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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