Q2 2019 EPS Estimates for Boot Barn Holdings Inc (NYSE:BOOT) Raised by Analyst

Boot Barn Holdings Inc (NYSE:BOOT) – Research analysts at Piper Jaffray Companies upped their Q2 2019 EPS estimates for shares of Boot Barn in a note issued to investors on Tuesday, October 16th, Zacks Investment Research reports. Piper Jaffray Companies analyst P. Keith now forecasts that the company will post earnings of $0.09 per share for the quarter, up from their previous forecast of $0.08. Piper Jaffray Companies also issued estimates for Boot Barn’s FY2019 earnings at $1.07 EPS, Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.15 EPS and FY2020 earnings at $1.40 EPS.

Other analysts also recently issued reports about the company. TheStreet raised Boot Barn from a “c+” rating to a “b” rating in a research note on Tuesday, August 28th. Jefferies Financial Group upped their price objective on Boot Barn from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, July 17th. ValuEngine downgraded Boot Barn from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 6th. Finally, Citigroup upped their price objective on Boot Barn from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, September 21st. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.56.

BOOT traded down $0.82 on Thursday, hitting $25.17. 350,034 shares of the company traded hands, compared to its average volume of 884,896. The company has a quick ratio of 0.20, a current ratio of 1.56 and a debt-to-equity ratio of 0.77. The company has a market cap of $721.85 million, a PE ratio of 35.96, a P/E/G ratio of 1.00 and a beta of 1.87. Boot Barn has a 12-month low of $11.48 and a 12-month high of $31.61.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Tuesday, August 7th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $161.98 million during the quarter, compared to the consensus estimate of $159.57 million. Boot Barn had a return on equity of 11.44% and a net margin of 5.28%.

In related news, Director Peter Starrett sold 74,725 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $29.44, for a total value of $2,199,904.00. Following the sale, the director now owns 68,412 shares in the company, valued at approximately $2,014,049.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Grant Conroy sold 98,870 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $27.67, for a total value of $2,735,732.90. Following the completion of the sale, the chief executive officer now owns 64,515 shares in the company, valued at approximately $1,785,130.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 233,467 shares of company stock valued at $6,718,030. Company insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Boot Barn by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,896,647 shares of the company’s stock worth $39,356,000 after acquiring an additional 163,729 shares during the period. BlackRock Inc. grew its holdings in shares of Boot Barn by 27.4% in the 3rd quarter. BlackRock Inc. now owns 1,871,793 shares of the company’s stock worth $53,177,000 after acquiring an additional 403,006 shares during the period. Copper Rock Capital Partners LLC acquired a new stake in shares of Boot Barn in the 3rd quarter worth approximately $24,187,000. Renaissance Technologies LLC grew its holdings in shares of Boot Barn by 34.1% in the 2nd quarter. Renaissance Technologies LLC now owns 859,800 shares of the company’s stock worth $17,841,000 after acquiring an additional 218,700 shares during the period. Finally, FMR LLC grew its holdings in shares of Boot Barn by 0.5% in the 3rd quarter. FMR LLC now owns 762,734 shares of the company’s stock worth $21,669,000 after acquiring an additional 3,928 shares during the period.

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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Earnings History and Estimates for Boot Barn (NYSE:BOOT)

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