Research Analysts Offer Predictions for Boot Barn Holdings Inc’s Q1 2020 Earnings (BOOT)

Boot Barn Holdings Inc (NYSE:BOOT) – Equities research analysts at William Blair issued their Q1 2020 earnings per share estimates for Boot Barn in a research report issued on Friday, May 17th. William Blair analyst D. Carden anticipates that the company will earn $0.22 per share for the quarter. William Blair also issued estimates for Boot Barn’s Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.79 EPS, Q4 2020 earnings at $0.31 EPS, FY2020 earnings at $1.48 EPS, Q1 2021 earnings at $0.27 EPS, Q2 2021 earnings at $0.21 EPS, Q3 2021 earnings at $0.92 EPS and FY2021 earnings at $1.78 EPS.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. Boot Barn had a net margin of 5.02% and a return on equity of 15.04%. The firm had revenue of $192.76 million for the quarter, compared to the consensus estimate of $189.29 million. During the same period in the previous year, the company earned $0.24 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis.

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Boot Barn from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Pivotal Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and upped their price objective for the company from $28.00 to $30.00 in a report on Monday, May 13th. Zacks Investment Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating in a report on Monday. Piper Jaffray Companies upped their price objective on shares of Boot Barn from $33.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, May 13th. Finally, Sidoti began coverage on shares of Boot Barn in a report on Thursday, March 14th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $32.29.

NYSE:BOOT opened at $28.63 on Monday. Boot Barn has a one year low of $15.01 and a one year high of $32.21. The firm has a market capitalization of $746.19 million, a price-to-earnings ratio of 23.09, a P/E/G ratio of 0.84 and a beta of 2.25. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.40 and a current ratio of 1.62.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Boot Barn by 1.9% in the first quarter. BlackRock Inc. now owns 1,930,611 shares of the company’s stock valued at $56,838,000 after acquiring an additional 36,186 shares during the period. Vanguard Group Inc boosted its position in shares of Boot Barn by 30.6% in the third quarter. Vanguard Group Inc now owns 1,814,323 shares of the company’s stock valued at $51,544,000 after acquiring an additional 425,193 shares during the period. Vanguard Group Inc. boosted its position in shares of Boot Barn by 30.6% in the third quarter. Vanguard Group Inc. now owns 1,814,323 shares of the company’s stock valued at $51,544,000 after acquiring an additional 425,193 shares during the period. FMR LLC boosted its position in shares of Boot Barn by 15.9% in the first quarter. FMR LLC now owns 1,099,719 shares of the company’s stock valued at $32,376,000 after acquiring an additional 150,763 shares during the period. Finally, Marshall Wace LLP boosted its position in shares of Boot Barn by 22.1% in the first quarter. Marshall Wace LLP now owns 1,094,563 shares of the company’s stock valued at $32,223,000 after acquiring an additional 198,108 shares during the period.

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.

Further Reading: Oversold

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

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