Brokerages predict that Boot Barn Holdings Inc (NYSE:BOOT) will report $0.09 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Boot Barn’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.08. Boot Barn reported earnings per share of $0.04 during the same quarter last year, which would indicate a positive year over year growth rate of 125%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Boot Barn will report full year earnings of $1.15 per share for the current year, with EPS estimates ranging from $1.11 to $1.22. For the next fiscal year, analysts anticipate that the company will post earnings of $1.35 per share, with EPS estimates ranging from $1.25 to $1.49. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Boot Barn.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The company had revenue of $161.98 million for the quarter, compared to the consensus estimate of $159.57 million. Boot Barn had a return on equity of 11.04% and a net margin of 4.98%.

A number of equities analysts have recently commented on the company. TheStreet upgraded Boot Barn from a “c+” rating to a “b” rating in a report on Tuesday, August 28th. Robert W. Baird raised their price objective on Boot Barn from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, May 16th. They noted that the move was a valuation call. Piper Jaffray Companies raised their price objective on Boot Barn to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, May 16th. Zacks Investment Research upgraded Boot Barn from a “sell” rating to a “hold” rating and set a $25.00 price objective on the stock in a report on Friday, May 11th. Finally, Jefferies Financial Group raised their price objective on Boot Barn to $30.00 and gave the stock a “buy” rating in a report on Wednesday, May 16th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Boot Barn currently has a consensus rating of “Buy” and an average price target of $24.00.

In related news, CEO James Grant Conroy sold 98,870 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $27.67, for a total transaction of $2,735,732.90. Following the sale, the chief executive officer now directly owns 64,515 shares in the company, valued at approximately $1,785,130.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Greg Bettinelli sold 4,726 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $26.18, for a total value of $123,726.68. Following the sale, the director now owns 12,995 shares in the company, valued at $340,209.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 238,193 shares of company stock worth $6,841,756. Company insiders own 2.00% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in shares of Boot Barn by 16.9% during the 1st quarter. Wells Fargo & Company MN now owns 26,826 shares of the company’s stock valued at $475,000 after buying an additional 3,885 shares during the period. American International Group Inc. grew its stake in Boot Barn by 52.2% during the 1st quarter. American International Group Inc. now owns 12,555 shares of the company’s stock valued at $223,000 after purchasing an additional 4,304 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Boot Barn by 49.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 14,791 shares of the company’s stock valued at $262,000 after purchasing an additional 4,883 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Boot Barn by 90.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,888 shares of the company’s stock valued at $211,000 after purchasing an additional 5,657 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Boot Barn by 46.1% during the 1st quarter. Rhumbline Advisers now owns 17,998 shares of the company’s stock valued at $319,000 after purchasing an additional 5,675 shares in the last quarter.

Boot Barn stock opened at $30.40 on Wednesday. The stock has a market capitalization of $832.31 million, a PE ratio of 43.43, a PEG ratio of 1.20 and a beta of 1.83. The company has a current ratio of 1.59, a quick ratio of 0.20 and a debt-to-equity ratio of 0.80. Boot Barn has a 12 month low of $7.37 and a 12 month high of $31.23.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

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

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