Among 10 analysts covering Boot Barn Holdings (NYSE:BOOT), 5 have Buy rating, 0 Sell and 5 Hold. We have $9.55 PT which if reached, will make NYSE:BOOT worth $18.81M more. The lowest target is $7 while the high is $29.0. Boot Barn Holdings posted sales of $133.41 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, August 1st.
According to Zacks, analysts expect that Boot Barn Holdings will report full-year sales of $137.40 million for the current fiscal year, with estimates ranging from $642.70 million to $656.90 million. The company has market cap of $235.08 million. The correct version of this piece can be read at https://www.baseball-news-blog.com/2017/08/12/boot-barn-holdings-inc-nyseboot-stake-reduced-by-parametric-portfolio-associates-llc-updated.html. About shares traded. Boot Barn Holdings Inc (NYSE:BOOT) has risen 24.96% since August 11, 2016 and is uptrending. The company reported $0.03 EPS for the quarter. Boot Barn Holdings had a net margin of 2.26% and a return on equity of 8.58%. The firm had revenue of $139.40 million during the quarter, compared to analyst estimates of $139 million. As of the last earnings report the EPS was $0.54 and is expected to be $0.61 for the current year with 26,592,000 shares now outstanding. The company's quarterly revenue was up 9.0% on a year-over-year basis.
A number of equities analysts have commented on the stock. Piper Jaffray Companies reissued a "buy" rating on shares of Boot Barn Holdings in a research note on Thursday, August 3rd. ValuEngine cut shares of Boot Barn Holdings from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd.
On August 4 the company was upgraded to "Outperform" from "Neutral" by analysts at Baird. The company presently has an average rating of "Hold" and an average price target of $10.88.
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 stock was purchased at an average price of $6.12 per share, for a total transaction of $306,000.00. 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. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brenda I. Morris purchased 7,000 shares of the company's stock in a transaction dated Wednesday, June 7th. The shares were bought at an average cost of $6.33 per share, with a total value of $44,310.00. Goldman Sachs Group Inc now owns 1,405,150 shares valued at $13,897,000.
Several hedge funds have recently made changes to their positions in BOOT. Gotham Asset Management LLC acquired a new position in shares of Boot Barn Holdings during the first quarter valued at $112,000.
A number of other institutional investors have also bought and sold shares of BOOT. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Boot Barn Holdings during the first quarter valued at approximately $310,000. Goldman Sachs Group Inc holds 0.01% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT) for 1.48 million shares. The 50 day moving average was up $1.27 and the 200 day average moved down $-0.49. The ratio increased, as 51 investment professionals increased and opened new positions, while 23 decreased and sold holdings in Lacrosse Footwear Inc. "(BOOT) Releases FY18 Earnings Guidance" was originally posted by Stock Observer and is the sole property of of Stock Observer.