Jefferies Financial Group Comments on Boot Barn Holdings Inc’s Q1 2020 Earnings (BOOT)

Boot Barn Holdings Inc (NYSE:BOOT) – Stock analysts at Jefferies Financial Group issued their Q1 2020 earnings per share estimates for shares of Boot Barn in a research report issued to clients and investors on Friday, May 17th. Jefferies Financial Group analyst J. Stichter anticipates that the company will earn $0.22 per share for the quarter. Jefferies Financial Group also issued estimates for Boot Barn’s Q2 2020 earnings at $0.17 EPS, Q3 2020 earnings at $0.74 EPS, Q4 2020 earnings at $0.37 EPS and FY2021 earnings at $1.85 EPS.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Boot Barn had a net margin of 5.02% and a return on equity of 15.04%. The business had revenue of $192.76 million during the quarter, compared to the consensus estimate of $189.29 million. During the same quarter last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year.

Other analysts also recently issued research 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 raised their price objective for the stock 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 raised their price objective on shares of Boot Barn from $33.00 to $41.00 and gave the stock 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 set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Boot Barn presently has an average rating of “Buy” and a consensus price target of $32.29.

NYSE BOOT opened at $29.50 on Monday. Boot Barn has a 52-week low of $15.01 and a 52-week high of $32.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.62 and a quick ratio of 0.40. The stock has a market cap of $811.06 million, a P/E ratio of 23.79, a P/E/G ratio of 0.84 and a beta of 2.25.

Several hedge funds have recently added to or reduced their stakes in BOOT. Bank of New York Mellon Corp boosted its position in shares of Boot Barn by 14.1% in the third quarter. Bank of New York Mellon Corp now owns 217,965 shares of the company’s stock valued at $6,193,000 after acquiring an additional 26,960 shares during the period. Man Group plc bought a new position in shares of Boot Barn in the third quarter valued at approximately $355,000. MetLife Investment Advisors LLC boosted its position in shares of Boot Barn by 106.1% in the third quarter. MetLife Investment Advisors LLC now owns 19,747 shares of the company’s stock valued at $561,000 after acquiring an additional 10,167 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Boot Barn by 22.6% in the third quarter. TIAA CREF Investment Management LLC now owns 223,623 shares of the company’s stock valued at $6,353,000 after acquiring an additional 41,155 shares during the period. Finally, Morgan Stanley boosted its position in shares of Boot Barn by 23.5% in the third quarter. Morgan Stanley now owns 71,315 shares of the company’s stock valued at $2,026,000 after acquiring an additional 13,565 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.

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

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