Brokers Set Expectations for Boot Barn FY2027 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – William Blair issued their FY2027 earnings per share estimates for shares of Boot Barn in a report released on Tuesday, January 7th. William Blair analyst D. Carden expects that the company will post earnings per share of $7.73 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 analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. During the same quarter last year, the firm posted $0.91 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year.

Other equities analysts also recently issued reports about the company. Citigroup dropped their price target on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target for the company in a research note on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Williams Trading restated a “buy” rating and set a $173.00 target price on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Bank of America initiated coverage on shares of Boot Barn in a report on Tuesday. They set a “buy” rating and a $187.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boot Barn has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Boot Barn Trading Down 0.3 %

Shares of BOOT stock opened at $159.99 on Thursday. The stock has a market capitalization of $4.88 billion, a P/E ratio of 32.13 and a beta of 2.10. The firm’s 50 day moving average is $143.92 and its 200 day moving average is $142.67. Boot Barn has a 12-month low of $69.35 and a 12-month high of $169.83.

Insiders Place Their Bets

In related news, CEO John Hazen sold 6,311 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Boot Barn

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of Boot Barn by 56.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock valued at $23,638,000 after purchasing an additional 51,032 shares during the last quarter. Franklin Resources Inc. raised its holdings in Boot Barn by 1.0% during the 3rd 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. Coldstream Capital Management Inc. bought a new stake in Boot Barn in the third quarter worth $212,000. Geode Capital Management LLC boosted its stake in Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after buying an additional 6,369 shares during the period. Finally, XTX Topco Ltd bought a new position in Boot Barn during the third quarter valued at $1,763,000.

Boot Barn Company Profile

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.