Brokers Set Expectations for Boot Barn FY2027 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Analysts at William Blair issued their FY2027 earnings per share (EPS) estimates for Boot Barn in a research report issued on Tuesday, January 7th. William Blair analyst D. Carden anticipates 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.

Several other brokerages have also recently weighed in on BOOT. Craig Hallum cut shares of Boot Barn from a “buy” rating to a “hold” rating and increased their price target for the company from $154.00 to $162.00 in a research report on Friday, October 25th. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a research note on Wednesday, October 30th. Williams Trading restated a “buy” rating and set a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. JPMorgan Chase & Co. increased their price objective on Boot Barn from $181.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Benchmark reissued a “buy” rating and set a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.00.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $159.99 on Thursday. Boot Barn has a 52-week low of $69.35 and a 52-week high of $169.83. The company’s 50 day moving average price is $143.21 and its 200-day moving average price is $142.55. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 32.13 and a beta of 2.10.

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

Institutional Investors Weigh In On Boot Barn

Several hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock valued at $113,150,000 after purchasing an additional 6,369 shares during the last quarter. Algert Global LLC increased its position in Boot Barn by 653.9% during the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company’s stock valued at $3,848,000 after buying an additional 19,950 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in Boot Barn during the third quarter valued at $3,343,000. Public Sector Pension Investment Board boosted its holdings in Boot Barn by 7.7% in the second quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company’s stock worth $8,626,000 after acquiring an additional 4,785 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Boot Barn by 51.1% in the third quarter. Victory Capital Management Inc. now owns 14,362 shares of the company’s stock worth $2,402,000 after acquiring an additional 4,856 shares during the last quarter.

Insider Buying and Selling at Boot Barn

In other 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 sale, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at $602,282.26. This represents a 61.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.00% 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.