FY2019 EPS Estimates for Boot Barn Holdings, Inc. (BOOT) Lifted by Jefferies Group

Boot Barn Holdings, Inc. (NYSE:BOOT) – Analysts at Jefferies Group increased their FY2019 EPS estimates for Boot Barn in a research note issued to investors on Tuesday. Jefferies Group analyst R. Konik now anticipates that the company will post earnings of $1.00 per share for the year, up from their prior forecast of $0.78. Jefferies Group currently has a “Buy” rating and a $20.00 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Co set a $20.00 target price on shares of Boot Barn and gave the stock a “hold” rating in a research report on Thursday. Robert W. Baird lifted their price target on shares of Boot Barn from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. JPMorgan Chase & Co. upgraded shares of Boot Barn from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $9.00 to $17.00 in a report on Sunday, November 26th. Zacks Investment Research upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Tuesday, October 3rd. Finally, TheStreet upgraded shares of Boot Barn from a “d” rating to a “c” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $13.64.

Shares of Boot Barn (BOOT) traded up $0.24 on Thursday, reaching $19.25. 540,500 shares of the company’s stock were exchanged, compared to its average volume of 515,867. The company has a current ratio of 1.32, a quick ratio of 0.16 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $511.90, a PE ratio of 35.00, a P/E/G ratio of 1.77 and a beta of 1.79. Boot Barn has a one year low of $5.90 and a one year high of $19.66.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The firm had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $139.92 million. Boot Barn had a net margin of 2.32% and a return on equity of 8.70%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share.

A number of institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new stake in Boot Barn in the third quarter valued at approximately $1,261,000. Cubist Systematic Strategies LLC purchased a new stake in Boot Barn in the third quarter valued at approximately $151,000. Dimensional Fund Advisors LP grew its holdings in Boot Barn by 38.0% in the third quarter. Dimensional Fund Advisors LP now owns 865,400 shares of the company’s stock valued at $7,702,000 after purchasing an additional 238,407 shares during the period. Citadel Advisors LLC grew its holdings in Boot Barn by 1.8% in the third 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 period. Finally, GMT Capital Corp purchased a new stake in Boot Barn in the third quarter valued at approximately $3,492,000.

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About Boot Barn

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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