Boot Barn Holdings Inc (NYSE:BOOT) – Analysts at Piper Jaffray Companies boosted their Q3 2019 EPS estimates for shares of Boot Barn in a research note issued on Tuesday, October 16th. Piper Jaffray Companies analyst P. Keith now expects that the company will post earnings per share of $0.62 for the quarter, up from their previous estimate of $0.59. Piper Jaffray Companies also issued estimates for Boot Barn’s Q3 2020 earnings at $0.76 EPS and Q4 2020 earnings at $0.30 EPS.

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

A number of other equities analysts have also recently weighed in on BOOT. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, July 17th. Pivotal Research set a $24.00 price objective on shares of Boot Barn and gave the company a “hold” rating in a research report on Wednesday, August 8th. TheStreet raised shares of Boot Barn from a “c+” rating to a “b” rating in a research report on Tuesday, August 28th. Citigroup upped their price objective on shares of Boot Barn from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, September 21st. Finally, ValuEngine cut shares of Boot Barn from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 6th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.78.

NYSE:BOOT opened at $27.92 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.59 and a quick ratio of 0.20. The stock has a market capitalization of $797.04 million, a price-to-earnings ratio of 40.01, a PEG ratio of 1.04 and a beta of 1.84. Boot Barn has a 1-year low of $7.74 and a 1-year high of $31.61.

Institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new stake in shares of Boot Barn in the 2nd quarter valued at about $142,000. MetLife Investment Advisors LLC acquired a new stake in shares of Boot Barn in the 1st quarter valued at about $170,000. Kessler Investment Group LLC acquired a new stake in shares of Boot Barn in the 3rd quarter valued at about $177,000. Raymond James & Associates acquired a new stake in shares of Boot Barn in the 2nd quarter valued at about $201,000. Finally, Pitcairn Co. acquired a new stake in shares of Boot Barn in the 2nd quarter valued at about $251,000.

In other news, Director Greg Bettinelli sold 4,726 shares of the company’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 approximately $340,209.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Starrett sold 74,725 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $29.44, for a total transaction of $2,199,904.00. Following the completion of the sale, the director now owns 68,412 shares in the company, valued at approximately $2,014,049.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 238,193 shares of company stock worth $6,841,756. Company insiders own 2.00% of the company’s stock.

Boot Barn Company Profile

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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