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Boot Barn Holdings, Inc. (BOOT) 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.
The company also provides gifts and home merchandise.
As of August 7, 2018, it operated 232 stores in 31 states. Boot Barn Holdings, Inc. also sells its products through e-commerce Websites, including bootbarn.com; sheplers.com; and countryoutfitter.com.
On July 31, Boot Barn reported 1st Quarter June 2019 earnings of $0.32 per share on revenue of $185.8 million. The consensus earnings estimate was $0.21 per share on revenue of $179.7 million. Revenue grew 14.7% on a year-over-year basis.
The company said it expects second quarter earnings of $0.17 to $0.19 per share on revenue of $182.0 million to $184.0 million. The current consensus earnings estimate is $0.16 per share on revenue of $184.3 million for the quarter ending September 30, 2019. The company also said it expects fiscal 2020 earnings of $1.57 to $1.65 per share. The company's previous guidance was earnings of $1.42 to $1.50 per share and the current consensus earnings estimate is $1.52 per share for the year ending March 31, 2020.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.
Entry Point: $34.90
Stop Loss: $33.10
Trading Range: $15.01 to $39.59
Target Price: $38.40
BOOT closed at $37.70
