Brokerages forecast that Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) will post sales of $345.18 million for the current quarter, Zacks reports. Five analysts have provided estimates for Boot Barn’s earnings, with the highest sales estimate coming in at $356.80 million and the lowest estimate coming in at $331.28 million. Boot Barn reported sales of $258.87 million in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Boot Barn will report full year sales of $1.45 billion for the current year, with estimates ranging from $1.44 billion to $1.48 billion. For the next financial year, analysts expect that the company will post sales of $1.51 billion, with estimates ranging from $1.46 billion to $1.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Boot Barn.
Boot Barn (NYSE:BOOT – Get Rating) last announced its earnings results on Thursday, January 27th. The company reported $2.23 EPS for the quarter. The company had revenue of $485.90 million for the quarter, compared to analysts’ expectations of $483.76 million. Boot Barn had a return on equity of 35.40% and a net margin of 12.63%. The business’s revenue for the quarter was up 60.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share.
In other Boot Barn news, CFO James M. Watkins purchased 2,500 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were bought at an average price of $77.00 per share, with a total value of $192,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Hazen sold 11,254 shares of the firm’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $100.44, for a total value of $1,130,351.76. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in Boot Barn in the 4th quarter valued at approximately $37,000. Liberty Wealth Management LLC raised its position in Boot Barn by 36.4% in the 3rd quarter. Liberty Wealth Management LLC now owns 311 shares of the company’s stock valued at $32,000 after buying an additional 83 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Boot Barn by 924.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 379 shares of the company’s stock valued at $33,000 after buying an additional 342 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Boot Barn in the 4th quarter valued at approximately $49,000. Finally, Captrust Financial Advisors raised its position in Boot Barn by 41.7% in the 3rd quarter. Captrust Financial Advisors now owns 523 shares of the company’s stock valued at $46,000 after buying an additional 154 shares during the last quarter.
Shares of BOOT stock opened at $94.71 on Tuesday. The stock’s fifty day moving average is $91.56 and its 200-day moving average is $103.44. The stock has a market capitalization of $2.81 billion, a PE ratio of 16.64, a PEG ratio of 0.89 and a beta of 2.92. Boot Barn has a 52 week low of $66.58 and a 52 week high of $134.50.
About Boot Barn (Get Rating)
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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