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

Pierre Vaugeois
Août 13, 2017

Boot Barn Holdings also updated its Q2 guidance to $0.00-0.02 EPS.

Boot Barn Holdings (NYSE BOOT) opened at 8.51 on Friday. 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. Finally, State Street Corp raised its position in Boot Barn Holdings by 28.4% in the fourth quarter. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, August 1st. Engineers Gate Manager Limited Partnership holds 0.03% in Boot Barn Holdings Inc (NYSE:BOOT) or 25,630 shares. The company has market cap of $3.40 billion. 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 return on equity of 8.72% and a net margin of 2.25%. The firm had revenue of $139.40 million during the quarter, compared to analyst estimates of $139 million. During the same quarter a year ago, the business posted $0.02 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis.

A number of research analysts recently commented on BOOT shares. ValuEngine cut shares of Boot Barn Holdings from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. The value of the total investment in Boot Barn Holdings, Inc. went from $2,446,000 to $1,926,000 decreasing 21.3% for the reporting period. Finally, J P Morgan Chase & Co reiterated a "neutral" rating and set a $7.00 price target (down previously from $11.00) on shares of Boot Barn Holdings in a research note on Tuesday, June 6th. Boot Barn Holdings had 27 analyst reports since September 30, 2015 according to SRatingsIntel. Trading volume was down 13.19% under the stocks average daily volume. Citigroup Inc. reaffirmed a "buy" rating and set a $9.00 target price (down from $14.00) on shares of Boot Barn Holdings in a report on Monday, June 5th. The stock was purchased at an average price of $6.12 per share, for a total transaction of $306,000.00. 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Director Peter Starrett acquired 50,000 shares at an average price of $6.12 on Tue the 6th. Following the purchase, the director now directly owns 13,818 shares in the company, valued at approximately $87,467.94. Gotham Asset Management LLC bought a new stake in shares of Boot Barn Holdings during the first quarter valued at approximately $112,000. Norges Bank purchased a new position in Boot Barn Holdings during the fourth quarter valued at $489,000.

A number of other institutional investors have also bought and sold shares of BOOT. 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 claims 194,537 shares with a value of $1,926,000.

Boot Barn Holdings (BOOT) traded down 2.37% during midday trading on Thursday, hitting $7.82. 553,450 shares of the stock traded hands. Goldman Sachs Group Inc holds 0.01% of its portfolio in Boot Barn Holdings Inc (NYSE:BOOT) for 1.48 million shares. The firm's 50 day moving average price is $7.24 and its 200-day moving average price is $9.00. The ratio increased, as 51 investment professionals increased and opened new positions, while 23 decreased and sold holdings in Lacrosse Footwear Inc. "(BOOT) Given Consensus Recommendation of "Hold" by Brokerages" was originally reported by Community Financial News and is the property of of Community Financial News.

D'autres rapports CampDesrEcrues

Discuter de cet article

SUIVRE NOTRE JOURNAL