Wall Street brokerages expect Boot Barn Holdings Inc (NYSE:BOOT) to post $188.89 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Boot Barn’s earnings, with the highest sales estimate coming in at $189.63 million and the lowest estimate coming in at $188.00 million. Boot Barn reported sales of $170.77 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.6%. The company is scheduled to report its next earnings report on Tuesday, May 21st.
According to Zacks, analysts expect that Boot Barn will report full-year sales of $772.97 million for the current financial year, with estimates ranging from $772.10 million to $773.73 million. For the next fiscal year, analysts expect that the business will post sales of $860.84 million, with estimates ranging from $855.40 million to $869.75 million. Zacks’ sales averages are an average based on a survey of research firms that follow Boot Barn.
Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Tuesday, February 5th. The company reported $0.66 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.66. Boot Barn had a net margin of 4.93% and a return on equity of 13.54%. The firm had revenue of $254.00 million for the quarter, compared to analyst estimates of $254.55 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis.
In other Boot Barn news, Director Brenda I. Morris sold 7,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $28.04, for a total transaction of $196,280.00. Following the sale, the director now directly owns 17,724 shares of the company’s stock, valued at $496,980.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can acquired a new position in shares of Boot Barn in the fourth quarter valued at about $41,000. NumerixS Investment Technologies Inc acquired a new position in shares of Boot Barn in the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. grew its stake in shares of Boot Barn by 106.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,541 shares of the company’s stock valued at $60,000 after acquiring an additional 1,827 shares in the last quarter. Sterling Investment Advisors Ltd. grew its stake in shares of Boot Barn by 33.3% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock valued at $68,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Boot Barn by 7.8% in the fourth quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock valued at $86,000 after acquiring an additional 368 shares in the last quarter.
BOOT traded down $0.55 during trading on Friday, reaching $29.83. The company had a trading volume of 850,887 shares, compared to its average volume of 979,420. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.40 and a current ratio of 1.62. Boot Barn has a 12 month low of $15.01 and a 12 month high of $32.21. The firm has a market cap of $845.05 million, a P/E ratio of 42.61, a PEG ratio of 1.00 and a beta of 2.31.
About Boot Barn
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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