Boot Barn (BOOT) Set to Announce Quarterly Earnings on Tuesday

Boot Barn (NYSE:BOOT – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 10th. Analysts expect Boot Barn to post earnings of $1.30 per share for the quarter.

BOOT traded up $0.17 on Wednesday, reaching $95.33. 349,370 shares of the company traded hands, compared to its average volume of 431,909. The company has a market cap of $2.83 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 0.83 and a beta of 2.78. Boot Barn has a one year low of $66.58 and a one year high of $134.50. The firm has a fifty day simple moving average of $93.08 and a two-hundred day simple moving average of $103.30.

A number of equities analysts have recently commented on BOOT shares. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Boot Barn in a research report on Tuesday, January 18th. StockNews.com started coverage on Boot Barn in a research report on Thursday, March 31st. They set a “hold” rating for the company. Stephens increased their price target on Boot Barn from $138.00 to $151.00 in a research report on Friday, January 7th. Zacks Investment Research downgraded Boot Barn from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Finally, Robert W. Baird lowered their price objective on shares of Boot Barn from $145.00 to $130.00 in a research note on Friday, January 28th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $123.75.

In related news, insider John Hazen sold 11,254 shares of the company’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of $100.44, for a total value of $1,130,351.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James M. Watkins bought 2,500 shares of Boot Barn stock in a transaction that occurred on Thursday, February 24th. The stock was purchased at an average price of $77.00 per share, with a total value of $192,500.00. The disclosure for this purchase can be found here. Insiders own 0.86% of the company’s stock.

Large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Boot Barn by 5.4% during the 4th quarter. BlackRock Inc. now owns 4,655,016 shares of the company’s stock valued at $572,802,000 after acquiring an additional 238,170 shares during the period. Morgan Stanley raised its holdings in shares of Boot Barn by 25.7% during the second quarter. Morgan Stanley now owns 219,259 shares of the company’s stock worth $18,428,000 after purchasing an additional 44,800 shares during the last quarter. Barclays PLC lifted its position in Boot Barn by 80.9% during the fourth quarter. Barclays PLC now owns 137,179 shares of the company’s stock valued at $16,880,000 after purchasing an additional 61,342 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Boot Barn by 2.8% in the fourth quarter. Parametric Portfolio Associates LLC now owns 135,318 shares of the company’s stock valued at $16,651,000 after purchasing an additional 3,732 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Boot Barn by 3.8% during the 4th quarter. Legal & General Group Plc now owns 70,715 shares of the company’s stock worth $8,702,000 after purchasing an additional 2,561 shares during the period.

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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