Boot Barn (BOOT) Issues FY 2020 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided EPS guidance of $1.42-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.53. Boot Barn also updated its Q1 2020 guidance to $0.20-0.22 EPS.

Several research firms have weighed in on BOOT. Zacks Investment Research downgraded shares of Boot Barn from a buy rating to a hold rating in a research note on Monday, January 21st. ValuEngine raised shares of Boot Barn from a hold rating to a buy rating in a research note on Wednesday, March 27th. Piper Jaffray Companies boosted their price target on shares of Boot Barn from $33.00 to $41.00 and gave the stock an overweight rating in a research note on Monday. Pivotal Research downgraded shares of Boot Barn from a buy rating to a hold rating and boosted their price target for the stock from $28.00 to $30.00 in a research note on Monday. Finally, Sidoti began coverage on shares of Boot Barn in a research note on Thursday, March 14th. They issued a buy rating for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $30.63.

Shares of NYSE BOOT traded up $0.37 during midday trading on Thursday, hitting $27.38. 1,014,907 shares of the company traded hands, compared to its average volume of 914,062. Boot Barn has a 12-month low of $15.01 and a 12-month 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 capitalization of $743.07 million, a P/E ratio of 39.11, a P/E/G ratio of 0.84 and a beta of 2.25.

In related news, Director Brenda I. Morris sold 7,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $28.04, for a total transaction of $196,280.00. Following the transaction, the director now owns 17,724 shares in the company, valued at $496,980.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by insiders.

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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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