IRVINE, Calif. (AP) Boot Barn Holdings Inc. (BOOT) on Wednesday reported fiscal fourth-quarter earnings of $24.6 million. The Irvine, California-based company said it had profit of 82 cents per share. Earnings, adjusted for non-recurring gains, were 75 cents per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by […]
Caesars, Boot Barn rise; Haemonetics, Utz Brands fall
May 13, 2021 GMT
Sonos Inc., up $2.34 to $33.83.
The sound systems company raised its revenue forecast for the year after reporting a surprise fiscal second-quarter profit.
Constellation Brands Inc., up $1.25 to $231.
The owner of Robert Mondavi wine and Corona beer bought a minority stake in winemaker La Fete du Rose.
Boot Barn Holdings Inc., up $6.45 to $74.04.
The Western apparel and footwear retailer beat Wall Street’s fiscal fourth-quarter profit and revenue forecasts.
Caesars Entertainment Inc., up $1.96 to $94.37.
The Nevada Gaming Control Board approved a return to full occupancy at all nine of the casino’s Las Vegas Properties.
Shares of Boot Barn Holdings (NYSE:BOOT) rose in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share increased .
Should You Consider Investing in Boot Barn Holdings Inc. (BOOT)?
Wasatch Global Investors, an investment management firm, published its “Wasatch Micro Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.95% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell Microcap Index, which rose 23.89% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Micro Cap, in its Q1 2021 investor letter, mentioned Boot Barn Holdings, Inc. (NYSE: BOOT), and shared their insights on the company. Boot Barn Holdings, Inc. is an Irvine, California-based western and work-related footwear, apparel and accessories retailer that currently has a $2.1 billion market capitalization. Since the beginning of the year, BOOT delivered a 72.05% return, extending its 12-month gains to 281.20%. As of May 07, 2021, the stock closed at $74.60 per share.
Billionaire Steve Cohen’s Top 10 Small-Cap Stock Picks
Steve A. Cohen is the owner of Point72 Asset Management, one of the most successful hedge funds in the U.S. He started off his Wall Street career as a junior trader at Gruntal & Co., where he dealt with options arbitrage. Cohen started his first hedge fund known as S.A.C. Capital Advisors in 1992, enjoying some success which allowed him to own 8 percent of Major League Baseball team, the New York Mets. He has also been involved in philanthropic causes in which he contributed $715 million.
Unfortunately, SAC Capital was allegedly involved in an insider trading scandal which led to a hefty $1.8 billion fine, and Cohen had to shut down the fund. This pave the way for the birth of his current hedge fund.