Boot Barn Holdings Inc (BOOT) Expected to Announce Quarterly Sales of $251.14 Million

Wall Street brokerages expect Boot Barn Holdings Inc (NYSE:BOOT) to post sales of $251.14 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Boot Barn’s earnings, with estimates ranging from $249.20 million to $256.22 million. Boot Barn posted sales of $224.73 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The company is scheduled to report its next earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that Boot Barn will report full-year sales of $768.92 million for the current financial year, with estimates ranging from $764.10 million to $779.94 million. For the next fiscal year, analysts anticipate that the firm will report sales of $862.57 million, with estimates ranging from $856.00 million to $877.04 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Boot Barn.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, October 25th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Boot Barn had a return on equity of 11.44% and a net margin of 5.28%. The firm had revenue of $168.11 million during the quarter, compared to analyst estimates of $161.72 million.

BOOT has been the subject of a number of analyst reports. ValuEngine lowered Boot Barn from a “hold” rating to a “sell” rating in a research report on Wednesday, December 12th. Wells Fargo & Co reduced their price objective on Boot Barn from $29.00 to $19.00 and set a “market perform” rating for the company in a research report on Wednesday, January 2nd. Zacks Investment Research lowered Boot Barn from a “buy” rating to a “hold” rating in a research report on Wednesday. William Blair initiated coverage on Boot Barn in a research report on Tuesday, October 9th. They set an “outperform” rating for the company. Finally, Citigroup raised their price objective on Boot Barn from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, September 21st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.22.

Hedge funds have recently bought and sold shares of the stock. Sei Investments Co. purchased a new stake in Boot Barn during the 2nd quarter valued at $778,000. Bank of New York Mellon Corp boosted its stake in Boot Barn by 28.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 191,005 shares of the company’s stock valued at $3,963,000 after purchasing an additional 42,428 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Boot Barn by 283.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 243,242 shares of the company’s stock valued at $5,053,000 after purchasing an additional 179,860 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Boot Barn by 37.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 126,166 shares of the company’s stock valued at $2,618,000 after purchasing an additional 34,364 shares during the last quarter. Finally, Swiss National Bank purchased a new stake in Boot Barn during the 2nd quarter valued at $998,000.

BOOT stock opened at $19.39 on Friday. Boot Barn has a twelve month low of $15.01 and a twelve month high of $31.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.56 and a quick ratio of 0.20. The company has a market cap of $560.08 million, a P/E ratio of 27.70, a P/E/G ratio of 0.78 and a beta of 2.01.

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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