Jefferies Financial Group Weighs in on Boot Barn Holdings Inc’s Q2 2020 Earnings (NYSE:BOOT)

Boot Barn Holdings Inc (NYSE:BOOT) – Jefferies Financial Group lifted their Q2 2020 EPS estimates for Boot Barn in a research report issued to clients and investors on Thursday, August 1st. Jefferies Financial Group analyst J. Stichter now anticipates that the company will earn $0.19 per share for the quarter, up from their previous estimate of $0.17. Jefferies Financial Group also issued estimates for Boot Barn’s Q3 2020 earnings at $0.71 EPS, Q4 2020 earnings at $0.41 EPS, FY2020 earnings at $1.65 EPS and FY2021 earnings at $1.95 EPS.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.11. The business had revenue of $185.77 million during the quarter, compared to analyst estimates of $179.98 million. Boot Barn had a return on equity of 15.99% and a net margin of 5.24%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS.

Other analysts have also issued research reports about the company. Pivotal Research reissued a “hold” rating and issued a $35.00 target price (up previously from $31.00) on shares of Boot Barn in a report on Thursday, August 1st. Robert W. Baird lowered Boot Barn from an “outperform” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Monday, July 8th. ValuEngine lowered Boot Barn from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Susquehanna Bancshares began coverage on Boot Barn in a report on Friday, July 12th. They issued a “neutral” rating and a $35.00 price objective for the company. Finally, Wells Fargo & Co set a $30.00 price objective on Boot Barn and gave the stock a “hold” rating in a report on Friday, May 17th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $35.10.

Boot Barn stock opened at $31.12 on Monday. The company has a market cap of $861.98 million, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 1.07 and a beta of 2.37. The business has a fifty day simple moving average of $33.68. Boot Barn has a 12 month low of $15.01 and a 12 month high of $39.59. The company has a current ratio of 1.14, a quick ratio of 0.16 and a debt-to-equity ratio of 0.93.

In related news, CEO James Grant Conroy sold 81,224 shares of Boot Barn stock in a transaction on Friday, June 14th. The stock was sold at an average price of $33.00, for a total value of $2,680,392.00. Following the completion of the sale, the chief executive officer now owns 25,868 shares of the company’s stock, valued at $853,644. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOOT. Legal & General Group Plc lifted its position 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Boot Barn by 43.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,568 shares of the company’s stock valued at $56,000 after acquiring an additional 476 shares in the last quarter. Globeflex Capital L P lifted its position in shares of Boot Barn by 15.1% in the first quarter. Globeflex Capital L P now owns 6,159 shares of the company’s stock valued at $181,000 after acquiring an additional 810 shares in the last quarter. Swiss National Bank lifted its position in shares of Boot Barn by 1.9% in the second quarter. Swiss National Bank now owns 52,700 shares of the company’s stock valued at $1,878,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. purchased a new position in shares of Boot Barn in the second quarter valued at about $36,000.

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.

Featured Article: Moving Average Convergence Divergence (MACD)

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

Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.