$ 461.45 million in expected sales for Boot Barn Holdings, Inc. (NYSE: BOOT) this quarter
Stock analysts expect Boot Barn Holdings, Inc. (NYSE: BOOT) to report sales of $ 461.45 million for the current quarter, according to Zacks Investment Research. Four analysts provided Boot Barn earnings estimates, with estimates ranging from $ 453.48 million to $ 466.80 million. Boot Barn reported sales of $ 302.34 million in the same quarter last year, suggesting a positive year-over-year growth rate of 52.6%. The company is expected to release its next quarterly results on Monday, January 24.
On average, analysts expect Boot Barn to report annual revenue of $ 1.38 billion for the current fiscal year. For next year, analysts predict the company will post sales of $ 1.39 billion, with estimates ranging from $ 1.32 billion to $ 1.53 billion. Zacks Investment Research sales averages are an average based on a survey of research analysts who cover Boot Barn.
Boot Barn (NYSE: BOOT) last published its results on Tuesday, October 26. The company reported EPS of $ 1.22 for the quarter, beating analyst consensus estimates of $ 0.93 by $ 0.29. The company posted revenue of $ 312.70 million in the quarter, compared to analysts’ expectations of $ 289.36 million. Boot Barn had a net margin of 11.24% and a return on equity of 30.26%. The company’s quarterly revenue increased 69.5% year-over-year. In the same quarter of the previous year, the company made a profit of $ 0.20 per share.
BOOT has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Boot Barn stocks from a “hold” rating to a “buy” rating and set a target price of $ 101.00 for the stock in a research report released on Tuesday, October 5. Craig Hallum downgraded Boot Barn’s stock from a “keep” rating to a “buy” rating and raised the target stock price from $ 91.00 to $ 135 in a research note on Thursday October 28. Robert W. Baird raised Boot Barn’s stock target price from $ 105 to $ 125 and rated the stock “neutral” in a research note on Thursday, October 28. Cowen raised his target price on Boot Barn stocks from $ 110.00 to $ 125 and rated the stock as “outperforming” in a research note on Thursday, October 28. Finally, Stephens raised his Boot Barn stock price target from $ 123.00 to $ 138.00 and assigned the company an “overweight” rating in a research note on Thursday, December 9. Four analysts rated the stock with a conservation rating and ten issued a buy rating for the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $ 111.93.
Separately, COO Gregory V. Hackman sold 9,876 shares of the company in a transaction dated Wednesday, November 17. The shares were sold for an average price of $ 126.79, for a total value of $ 1,252,178.04. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this link. In addition, director Peter Starrett sold 2,500 shares of the company in a transaction dated Thursday, November 18. The stock was sold for an average price of $ 133.94, for a total trade of $ 334,850.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 26,849 shares of the company valued at $ 3,314,861. 0.86% of the shares are held by insiders.
Hedge funds recently bought and sold shares in the company. Invesco Ltd. increased its holdings of Boot Barn shares by 273.6% in the second quarter. Invesco Ltd. now owns 452,894 shares of the company valued at $ 38,066,000 after purchasing an additional 331,662 shares during the period. Lord Abbett & CO. LLC acquired a new position in Boot Barn in the third quarter worth approximately $ 28,827,000. TimesSquare Capital Management LLC acquired a new position in Boot Barn during the second quarter valued at approximately $ 22,696,000. Goldman Sachs Group Inc. increased its holdings in Boot Barn by 165.7% in the second quarter. Goldman Sachs Group Inc. now owns 342,952 shares of the company valued at $ 28,826,000 after purchasing an additional 213,856 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Boot Barn by 99.5% during the third quarter. Nordea Investment Management AB now owns 378,262 shares of the company valued at $ 35,632,000 after purchasing an additional 188,635 shares in the last quarter.
Boot Barn stock opened at $ 115.63 on Thursday. The company has a market cap of $ 3.42 billion, a PE ratio of 26.16, a price / earnings-growth ratio of 1.04, and a beta of 2.85. Boot Barn has a 52 week low of $ 40.19 and a 52 week high of $ 134.50. The company has a quick ratio of 0.32, a current ratio of 1.57, and a debt ratio of 0.10. The company’s 50-day moving average is $ 115.66 and its two-hundred-day moving average is $ 95.93.
About Boot Barn
Boot Barn Holdings, Inc operates western and work-related shoe, clothing and accessories retail stores. The company’s products include boots, jeans, accessories, hats, gifts and home goods, as well as work clothes. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind and Cinch.
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