Boot Barn Holdings, Inc. (BOOT) Releases FY18 Earnings Guidance

Ausiliatrice Cristiano
Agosto 13, 2017

Here is the rundown on market activity for Boot Barn Holdings, Inc. We have $9.55 PT which if reached, will make NYSE:BOOT worth $18.81M more. Three analysts have provided estimates for Boot Barn Holdings' earnings, with the lowest sales estimate coming in at $136.70 million and the highest estimate coming in at $138.50 million. Engineers Gate Manager Limited Partnership holds 0.03% in Boot Barn Holdings Inc (NYSE:BOOT) or 25,630 shares. For the next financial year, analysts forecast that the company will post sales of $692.49 million per share, with estimates ranging from $676.40 million to $704.70 million.

Here are some other firms who have updated their holdings. Boot Barn Holdings Inc (NYSE:BOOT) has risen 24.96% since August 11, 2016 and is uptrending. The company reported $0.03 earnings per share for the quarter. Moreover, Hudson Bay Capital Limited Partnership has 0.03% invested in Boot Barn Holdings Inc (NYSE:BOOT) for 100,992 shares. The business had revenue of $139.40 million during the quarter, compared to analysts' expectations of $139 million. In the latest earnings report the EPS was $0.54 and is projected to be $0.61 for the current year with 26,592,000 shares now outstanding. The business's quarterly revenue was up 4.5% compared to the same quarter a year ago.

A number of research analysts recently commented on BOOT shares.

Ratings analysis reveals 50% of Boot Barn Holdings's analysts are positive. J P Morgan Chase & Co reaffirmed a "neutral" rating and set a $7.00 target price (down from $11.00) on shares of Boot Barn Holdings in a report on Tuesday, June 6th. It improved, as 4 investors sold Boot Barn Holdings Inc shares while 19 reduced holdings. Robert W. Baird upgraded shares of Boot Barn Holdings from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $10.00 to $11.00 in a report on Friday, August 4th.

BOOT has been the subject of several recent research reports. Trading volume was down 13.19% under the stocks average daily volume.

In related news, Director Peter Starrett acquired 50,000 shares of Boot Barn Holdings stock in a transaction that occurred on Tuesday, June 6th. The shares were purchased at an average price of $6.33. Following the completion of the purchase, the director now directly owns 4,726 shares of the company's stock, valued at $28,923.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The shares were bought on June 6th for an average price of $6.12. Following the transaction, the director now owns 13,818 shares of the company's stock, valued at $87,467.94. Gotham Asset Management LLC acquired a new position in shares of Boot Barn Holdings during the first quarter valued at $112,000. Norges Bank purchased a new position in Boot Barn Holdings during the fourth quarter valued at $489,000. Also, the number of investment professionals holding Lacrosse Footwear Inc in their top 10 positions was flat from 1 to 1 for the same number. Alambic Investment Management L.P. bought a new stake in shares of Boot Barn Holdings during the first quarter valued at approximately $155,000. State Street Corp owns 194,537 shares valued at $1,926,000. Trading was light with 256K shares changing hands on Friday. The company has a market capitalization of $238.53 million, a price-to-earnings ratio of 16.64 and a beta of 1.26. The firm's 50-day moving average is $7.24 and its 200 day moving average is $9.00.

WARNING: "Brokerages Anticipate Boot Barn Holdings, Inc". 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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