Boot Barn (BOOT) Releases Q4 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.15-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.13. Boot Barn also updated its FY19 guidance to $0.95-0.96 EPS.

Shares of Boot Barn (NYSE:BOOT) traded down $0.20 on Thursday, reaching $18.27. 101,039 shares of the company traded hands, compared to its average volume of 975,810. The firm has a market capitalization of $505.31, a PE ratio of 28.66, a price-to-earnings-growth ratio of 1.29 and a beta of 1.71. Boot Barn has a fifty-two week low of $5.90 and a fifty-two week high of $20.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.46 and a quick ratio of 0.22.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $224.70 million for the quarter, compared to analyst estimates of $225.00 million. Boot Barn had a net margin of 3.67% and a return on equity of 9.55%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. equities research analysts predict that Boot Barn will post 0.7 EPS for the current year.

BOOT has been the topic of several research analyst reports. Citigroup increased their price objective on shares of Boot Barn from $10.00 to $12.00 and gave the company a buy rating in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Boot Barn from a buy rating to a hold rating in a research report on Wednesday, January 31st. BidaskClub upgraded shares of Boot Barn from a hold rating to a buy rating in a research note on Saturday, November 11th. Jefferies Group increased their price objective on shares of Boot Barn from $12.00 to $13.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Finally, TheStreet upgraded shares of Boot Barn from a d rating to a c rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Boot Barn has a consensus rating of Buy and a consensus price target of $17.75.

In other Boot Barn news, insider Fs Capital Partners Vi, Llc sold 6,413,616 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $17.25, for a total transaction of $110,634,876.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Grant Conroy sold 178,773 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $17.25, for a total transaction of $3,083,834.25. Following the transaction, the chief executive officer now owns 182,580 shares of the company’s stock, valued at approximately $3,149,505. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,643,581 shares of company stock worth $114,601,772. 4.60% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in Boot Barn stock. State Street Corp grew its position in shares of Boot Barn Holdings Inc (NYSE:BOOT) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,372 shares of the company’s stock after purchasing an additional 8,835 shares during the quarter. State Street Corp owned about 0.76% of Boot Barn worth $1,440,000 as of its most recent SEC filing.

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Boot Barn Company Profile

Boot Barn Holdings, Inc is a lifestyle retailer of western and work-related footwear, apparel and accessories for men, women and children. The Company’s stores are located in or near neighborhood shopping centers with trade areas of approximately five or more miles, and it has opened stores in malls and outlet center locations.

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

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