Earnings

Stock to Watch for Earnings: Boot Barn Holdings Inc (NYSE:BOOT)

Shares of Boot Barn Holdings Inc (NYSE:BOOT) fell -0.99% to reach at $12.02 during previous trading session. The company has experienced volume of 1,322,000 shares while on average the company has a capacity of trading 270.79K share.

Boot Barn Holdings Inc (NYSE:BOOT) on January 10, 2017 announced preliminary results for the third quarter of fiscal year 2017 ended December 24, 2016.

Preliminary Results for the Third Quarter of Fiscal Year 2017

Estimated results for the third quarter ended December 24, 2016 were as follows:

  • Preliminary net sales increased 3% to approximately $199 million.
  • Preliminary consolidated same store sales increased approximately 0.2%, with e-commerce sales outperforming stores. This compares with previous third quarter guidance of slightly positive consolidated same store sales.
  • Preliminary net income per diluted share of approximately $0.39, compared to previous guidance of $0.38 to $0.43.
  • The Company opened seven new stores.

Jim Conroy, Chief Executive Officer, commented, “I am pleased with our performance in the third quarter, in which we delivered positive same store sales growth, achieved earnings in line with our guidance, and opened seven new stores. Despite macro challenges of unseasonably warm weather in our core markets, the presidential election, and continued sales pressure in markets impacted by oil and other commodities, we were able to achieve 0.2% same store sales growth. November was particularly challenging given external factors, but the business strengthened in December with same store sales growth of 2.3% and we have seen that trend continue into the first two full weeks of our fiscal January. Additionally, we remained true to the Boot Barn brand by maintaining our everyday low price value proposition.”

Mr. Conroy continued, “We also reaffirmed our approach to omni-channel, with strong growth across both of our e-commerce sites as well as a very successful launch of our in-store touch screen shopping tablets, which enabled us to deliver on our We Have It Promise by offering our store customers access to a much broader assortment available for two-day shipping.”

Boot Barn Holdings Inc (NYSE:BOOT) holds the market capitalization of $297.54M along with 26.49M outstanding shares. During the last trade, stock’s minimum price has been reached out at $11.11 while the maximum trading price moved at $12.29. Currently the stock price is moving -30.36% off from the highest level of twelve months and +131.15% above from twelve months low. Boot Barn Holdings Inc (NYSE:BOOT) marked 52-week highest price level of $17.26 on 11/23/16 and 52-week lowest price level of $5.20 on 02/02/16. For the stock, price target value has been calculated at $14.57 based on calls of 7 experts. Stock’s minimum price target estimates has been figured out at $12.00 while the maximum price target forecast is established at $18.00.

As of current trade, Boot Barn Holdings Inc (NYSE:BOOT) has shown weekly downbeat performance of -8.59%. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 14.69%. Year-to-date (YTD) performance of the stock illustrate upbeat downbeat trend of -3.99%. Shares of Boot Barn Holdings Inc (NYSE:BOOT) currently have an ABR of 2.00, derived from a total of 6 opinions. The company’s price sits -15.59% below from its 50-day moving average of $14.22 and 12.04% above from the stock’s 200-day moving average of $12.02. The company has Relative Strength Index (RSI 14) of 36.36 along with Average True Range (ATR 14) of 0.82. Its weekly and monthly volatility is 7.37%, 6.00% respectively.

Boot Barn Holdings Inc (NYSE:BOOT) currently has a PEG ratio of 3.35 where as its P/E ratio is 26.83. The company’s price to sales ratio for trailing twelve months is 0.52 and price to book ratio for most recent quarter is 1.93, whereas price to cash per share for the most recent quarter is 28.79. Boot Barn Holdings Inc (NYSE:BOOT)’s price to free cash flow for trailing twelve months is 18.69. Its quick ratio for most recent quarter is 0.20 along with current ratio for most recent quarter of 1.30. Total debt to equity ratio of the company for most recent quarter is 1.57 whereas long term debt to equity ratio for most recent quarter is 1.21. Boot Barn Holdings Inc (NYSE:BOOT) has a Return on Assets of 2.20%. The company currently has a Return on Equity of 7.40% and Return on Investment of 5.50%.

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