Boot Barn Holdings, Inc. (NYSE:BOOT) updated its third quarter earnings guidance on Monday. The company provided earnings per share guidance of ~$0.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.43. The company issued revenue guidance of $203.13 million, compared to the consensus revenue estimate of prior guidance $0.38 to $0.43.
A number of equities analysts have issued reports on the company. B. Riley restated a neutral rating and set a $14.00 price target on shares of Boot Barn Holdings in a report on Sunday, November 13th. TheStreet cut Boot Barn Holdings from a hold rating to a sell rating in a report on Wednesday, November 30th. Jefferies Group restated a buy rating and set a $15.00 price target (up from $13.00) on shares of Boot Barn Holdings in a report on Friday, October 28th. Zacks Investment Research upgraded Boot Barn Holdings from a hold rating to a buy rating and set a $14.00 price target on the stock in a report on Friday, October 28th. Finally, Robert W. Baird cut Boot Barn Holdings from an outperform rating to a neutral rating and increased their price target for the stock from $14.00 to $17.00 in a report on Wednesday, November 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $15.50.
Boot Barn Holdings, Inc. (NYSE:BOOT) traded down 6.54% during midday trading on Monday, reaching $12.14. The company had a trading volume of 541,135 shares. The company has a 50-day moving average of $14.44 and a 200-day moving average of $11.91. Boot Barn Holdings, Inc. has a 12-month low of $5.20 and a 12-month high of $17.26. The stock has a market capitalization of $321.55 million, a PE ratio of 27.47 and a beta of 1.46.
Boot Barn Holdings (NYSE:BOOT) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm earned $134 million during the quarter, compared to analyst estimates of $131.61 million. Boot Barn Holdings had a return on equity of 9.59% and a net margin of 1.97%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 earnings per share. On average, analysts predict that Boot Barn Holdings, Inc. will post $0.71 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP purchased a new position in shares of Boot Barn Holdings during the second quarter worth approximately $208,000. Prudential Financial Inc. purchased a new position in shares of Boot Barn Holdings during the second quarter worth approximately $311,000. Vanguard Group Inc. raised its position in shares of Boot Barn Holdings by 11.1% in the second quarter. Vanguard Group Inc. now owns 513,497 shares of the company’s stock worth $4,427,000 after buying an additional 51,291 shares during the last quarter. BlackRock Investment Management LLC raised its position in shares of Boot Barn Holdings by 11.0% in the second quarter. BlackRock Investment Management LLC now owns 67,019 shares of the company’s stock worth $578,000 after buying an additional 6,635 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Boot Barn Holdings by 12.3% in the second quarter. BlackRock Fund Advisors now owns 344,614 shares of the company’s stock worth $2,971,000 after buying an additional 37,846 shares during the last quarter.
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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