Boot Barn Holdings, Inc. (NYSE:BOOT) updated its second quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.00-0.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.02. Boot Barn Holdings also updated its FY18 guidance to $0.52-0.57 EPS.
Several research firms have recently issued reports on BOOT. Piper Jaffray Companies restated a buy rating on shares of Boot Barn Holdings in a report on Thursday, August 3rd. B. Riley reiterated a buy rating and set a $9.00 price objective on shares of Boot Barn Holdings in a report on Wednesday, May 31st. Robert W. Baird upgraded shares of Boot Barn Holdings from a neutral rating to an outperform rating and lifted their price objective for the company from $10.00 to $11.00 in a report on Friday, August 4th. Jefferies Group LLC set a $12.00 price objective on shares of Boot Barn Holdings and gave the company a buy rating in a report on Saturday, June 3rd. Finally, Zacks Investment Research upgraded shares of Boot Barn Holdings from a sell rating to a hold rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $10.88.
Boot Barn Holdings, Inc. (NYSE:BOOT) traded down 2.77% during mid-day trading on Friday, hitting $8.07. 274,886 shares of the stock traded hands. Boot Barn Holdings, Inc. has a 12-month low of $5.90 and a 12-month high of $17.26. The company has a 50 day moving average of $7.53 and a 200-day moving average of $8.89. The stock has a market cap of $214.60 million, a PE ratio of 14.97 and a beta of 1.26.
Boot Barn Holdings (NYSE:BOOT) last announced its earnings results on Tuesday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter. Boot Barn Holdings had a return on equity of 8.58% and a net margin of 2.26%. The company had revenue of $139.40 million for the quarter, compared to analyst estimates of $139 million. During the same period in the prior year, the company posted $0.02 EPS. Boot Barn Holdings’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Boot Barn Holdings, Inc. will post $0.61 earnings per share for the current year.
In other news, Director Peter Starrett purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were acquired at an average cost of $6.12 per share, with a total value of $306,000.00. Following the transaction, the director now owns 4,726 shares in the company, valued at approximately $28,923.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brenda I. Morris purchased 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were purchased at an average cost of $6.33 per share, for a total transaction of $44,310.00. Following the completion of the transaction, the director now owns 13,818 shares in the company, valued at approximately $87,467.94. The disclosure for this purchase can be found here. Corporate insiders own 4.60% of the company’s stock.
A hedge fund recently raised its stake in Boot Barn Holdings stock. State Street Corp increased its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 203,372 shares of the company’s stock after buying an additional 8,835 shares during the period. State Street Corp owned approximately 0.76% of Boot Barn Holdings worth $1,440,000 as of its most recent filing with the SEC.
About Boot Barn Holdings
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.
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