Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) – Equities research analysts at William Blair reduced their Q1 2024 earnings estimates for Boot Barn in a research note issued to investors on Thursday, May 18th. William Blair analyst D. Carden now expects that the company will post earnings of $0.80 per share for the quarter, down from their prior forecast of $1.09. The consensus estimate for Boot Barn’s current full-year earnings is $4.92 per share. William Blair also issued estimates for Boot Barn’s Q3 2024 earnings at $1.80 EPS and FY2024 earnings at $4.95 EPS.
Boot Barn (NYSE:BOOT – Get Rating) last issued its quarterly earnings results on Wednesday, May 17th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.08. Boot Barn had a net margin of 10.29% and a return on equity of 24.07%. The business had revenue of $425.70 million for the quarter, compared to analyst estimates of $441.00 million. During the same period in the previous year, the business posted $1.47 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year.
Boot Barn Stock Down 3.0 %
Shares of Boot Barn stock opened at $64.77 on Monday. Boot Barn has a 52-week low of $50.20 and a 52-week high of $88.80. The company’s 50-day simple moving average is $72.74 and its 200-day simple moving average is $70.96. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.30 and a beta of 2.35.
Institutional Trading of Boot Barn
Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Boot Barn by 1.2% during the third quarter. Vanguard Group Inc. now owns 2,708,545 shares of the company’s stock worth $158,342,000 after acquiring an additional 31,166 shares during the last quarter. Marshall Wace LLP boosted its position in Boot Barn by 27.9% during the fourth quarter. Marshall Wace LLP now owns 1,124,396 shares of the company’s stock worth $70,297,000 after acquiring an additional 245,524 shares during the last quarter. State Street Corp boosted its position in Boot Barn by 3.6% during the first quarter. State Street Corp now owns 1,094,343 shares of the company’s stock worth $83,870,000 after acquiring an additional 38,093 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Boot Barn by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,070,951 shares of the company’s stock worth $82,075,000 after acquiring an additional 15,939 shares during the last quarter. Finally, Hood River Capital Management LLC raised its stake in Boot Barn by 19.2% during the first quarter. Hood River Capital Management LLC now owns 613,670 shares of the company’s stock worth $47,032,000 after purchasing an additional 98,631 shares during the period.
Boot Barn Company Profile
Boot Barn Holdings, Inc engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. The firm’s products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.
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