Boot Barn Holdings Inc (BOOT) Forecasted to Earn FY2020 Earnings of $1.51 Per Share

Boot Barn Holdings Inc (NYSE:BOOT) – Analysts at Piper Jaffray Companies upped their FY2020 EPS estimates for Boot Barn in a research note issued on Sunday, May 12th. Piper Jaffray Companies analyst P. Keith now anticipates that the company will post earnings per share of $1.51 for the year, up from their prior forecast of $1.50. Piper Jaffray Companies has a “Overweight” rating and a $41.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Boot Barn’s FY2021 earnings at $1.88 EPS.

Several other analysts also recently commented on BOOT. ValuEngine downgraded Boot Barn from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research raised Boot Barn from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Tuesday, April 9th. Pivotal Research cut Boot Barn from a “buy” rating to a “hold” rating and boosted their target price for the stock from $28.00 to $30.00 in a research report on Monday. Finally, Sidoti began coverage on Boot Barn in a research report on Thursday, March 14th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $30.63.

BOOT opened at $27.16 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 1.62 and a debt-to-equity ratio of 0.71. The company has a market cap of $743.07 million, a price-to-earnings ratio of 38.80, a P/E/G ratio of 0.84 and a beta of 2.25. Boot Barn has a 52 week low of $15.01 and a 52 week high of $32.21.

In other Boot Barn news, Director Brenda I. Morris sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $28.04, for a total transaction of $196,280.00. Following the transaction, the director now owns 17,724 shares in the company, valued at approximately $496,980.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Legal & General Group Plc grew its holdings in shares of Boot Barn by 7.8% in the 4th quarter. Legal & General Group Plc now owns 5,058 shares of the company’s stock worth $86,000 after acquiring an additional 368 shares during the period. Hancock Whitney Corp grew its holdings in shares of Boot Barn by 2.9% in the 1st quarter. Hancock Whitney Corp now owns 28,632 shares of the company’s stock worth $843,000 after acquiring an additional 808 shares during the period. Globeflex Capital L P grew its holdings in shares of Boot Barn by 15.1% in the 1st quarter. Globeflex Capital L P now owns 6,159 shares of the company’s stock worth $181,000 after acquiring an additional 810 shares during the period. Sterling Investment Advisors Ltd. grew its holdings in shares of Boot Barn by 33.3% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock worth $68,000 after acquiring an additional 1,000 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Boot Barn by 10.6% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,400 shares of the company’s stock worth $336,000 after acquiring an additional 1,090 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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