Analysts Set Expectations for Boot Barn FY2027 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Analysts at William Blair issued their FY2027 earnings per share estimates for Boot Barn in a research report issued to clients and investors on Tuesday, January 7th. William Blair analyst D. Carden forecasts that the company will post earnings of $7.73 per share for the year. The consensus estimate for Boot Barn’s current full-year earnings is $5.48 per share.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.02. The firm had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS.

A number of other equities research analysts also recently commented on BOOT. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Williams Trading reissued a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price objective on shares of Boot Barn from $181.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $179.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Finally, UBS Group upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating and increased their price target for the company from $155.00 to $210.00 in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and a consensus price target of $170.75.

Boot Barn Stock Performance

Shares of BOOT opened at $155.95 on Thursday. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 31.32 and a beta of 2.10. Boot Barn has a 52 week low of $69.35 and a 52 week high of $169.83. The business’s fifty day moving average price is $143.92 and its two-hundred day moving average price is $142.67.

Hedge Funds Weigh In On Boot Barn

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp increased its position in shares of Boot Barn by 4.4% during the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after acquiring an additional 51,356 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Boot Barn by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after purchasing an additional 6,369 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Boot Barn by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock worth $82,895,000 after buying an additional 1,834 shares during the last quarter. Franklin Resources Inc. grew its position in Boot Barn by 1.0% during the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock valued at $68,004,000 after buying an additional 4,226 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Boot Barn by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock valued at $58,999,000 after buying an additional 6,335 shares during the period.

Insider Activity at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by insiders.

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.