Analysts expect Boot Barn Holdings Inc (NYSE:BOOT) to report $179.66 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Boot Barn’s earnings, with the highest sales estimate coming in at $181.10 million and the lowest estimate coming in at $178.80 million. Boot Barn posted sales of $161.98 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.9%. The company is expected to report its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Boot Barn will report full year sales of $863.31 million for the current year, with estimates ranging from $857.60 million to $875.00 million. For the next financial year, analysts anticipate that the company will report sales of $964.10 million, with estimates ranging from $954.40 million to $976.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Boot Barn.
Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, May 15th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $192.76 million during the quarter, compared to the consensus estimate of $189.29 million. Boot Barn had a return on equity of 14.65% and a net margin of 5.02%. The company’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share.
Shares of Boot Barn stock traded up $0.17 during trading hours on Monday, hitting $33.02. 583,098 shares of the company’s stock traded hands, compared to its average volume of 674,775. The stock has a 50 day moving average of $32.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.24 and a current ratio of 1.83. The stock has a market cap of $931.50 million, a P/E ratio of 26.63, a PEG ratio of 1.27 and a beta of 2.38. Boot Barn has a twelve month low of $15.01 and a twelve month high of $37.15.
In related news, CEO James Grant Conroy sold 81,224 shares of Boot Barn stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $33.00, for a total value of $2,680,392.00. Following the completion of the transaction, the chief executive officer now directly owns 25,868 shares in the company, valued at $853,644. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Nordea Investment Management AB lifted its holdings in Boot Barn by 2.0% in the first quarter. Nordea Investment Management AB now owns 171,535 shares of the company’s stock worth $5,050,000 after acquiring an additional 3,300 shares during the last quarter. Summit Creek Advisors LLC lifted its holdings in Boot Barn by 8.0% in the first quarter. Summit Creek Advisors LLC now owns 478,040 shares of the company’s stock worth $14,073,000 after acquiring an additional 35,410 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Boot Barn by 22.1% during the first quarter. Marshall Wace LLP now owns 1,094,563 shares of the company’s stock valued at $32,223,000 after buying an additional 198,108 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Boot Barn by 54.1% during the fourth quarter. Rhumbline Advisers now owns 35,836 shares of the company’s stock valued at $610,000 after buying an additional 12,580 shares during the last quarter. Finally, Intrust Bank NA raised its holdings in shares of Boot Barn by 17.7% during the first quarter. Intrust Bank NA now owns 19,704 shares of the company’s stock valued at $580,000 after buying an additional 2,964 shares during the last quarter.
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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