Boot Barn (NYSE:BOOT) Updates FY25 Earnings Guidance

Boot Barn (NYSE:BOOT) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $5.05-5.35 for the period, compared to the consensus EPS estimate of $4.99. The company issued revenue guidance of $1.816-1.85 billion, compared to the consensus revenue estimate of $1.82 billion. Boot Barn also updated its Q2 guidance to $0.81-0.87 EPS.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BOOT. Benchmark reaffirmed a buy rating and issued a $140.00 price target on shares of Boot Barn in a research note on Tuesday. Craig Hallum increased their target price on shares of Boot Barn from $120.00 to $150.00 and gave the company a buy rating in a research report on Wednesday, June 5th. UBS Group downgraded shares of Boot Barn from a buy rating to a neutral rating and decreased their price target for the stock from $140.00 to $125.00 in a research note on Wednesday, July 24th. Piper Sandler upped their price objective on shares of Boot Barn from $94.00 to $110.00 and gave the company an overweight rating in a research note on Tuesday, April 16th. Finally, BTIG Research increased their price target on Boot Barn from $125.00 to $150.00 and gave the company a buy rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $132.09.

Boot Barn Stock Performance

Shares of BOOT traded down $1.86 during mid-day trading on Wednesday, hitting $115.70. 963,759 shares of the company’s stock were exchanged, compared to its average volume of 810,069. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 24.10 and a beta of 2.09. The stock’s 50-day moving average is $126.32 and its 200-day moving average is $105.73. Boot Barn has a fifty-two week low of $66.73 and a fifty-two week high of $137.48.

Boot Barn (NYSE:BOOT) last released its earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The company had revenue of $388.46 million for the quarter, compared to analyst estimates of $383.67 million. Boot Barn had a net margin of 8.82% and a return on equity of 16.84%. As a group, equities research analysts anticipate that Boot Barn will post 5.03 EPS for the current year.

Insider Buying and Selling at Boot Barn

In other news, insider Michael A. Love sold 5,653 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $113.61, for a total transaction of $642,237.33. Following the completion of the transaction, the insider now directly owns 2,327 shares of the company’s stock, valued at $264,370.47. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Michael A. Love sold 5,653 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $113.61, for a total value of $642,237.33. Following the transaction, the insider now owns 2,327 shares in the company, valued at approximately $264,370.47. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brenda I. Morris sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total value of $165,165.00. Following the sale, the director now owns 4,546 shares of the company’s stock, valued at approximately $500,560.06. The disclosure for this sale can be found here. Insiders have sold 11,795 shares of company stock valued at $1,329,686 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

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.