KeyCorp Issues Optimistic Estimate for Boot Barn Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) - Equities researchers at KeyCorp upped their Q3 2025 earnings per share (EPS) estimates for shares of Boot Barn in a research report issued to clients and investors on Wednesday, January 22nd. KeyCorp analyst A. Owens now forecasts that the company will post earnings of $2.43 per share for the quarter, up from their previous forecast of $1.99. KeyCorp has a "Overweight" rating and a $190.00 price objective on the stock. The consensus estimate for Boot Barn's current full-year earnings is $5.80 per share. KeyCorp also issued estimates for Boot Barn's FY2025 earnings at $5.80 EPS and FY2026 earnings at $6.83 EPS.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. boosted their price target on Boot Barn from $181.00 to $188.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Baird R W raised Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Robert W. Baird upgraded shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 target price on the stock in a research report on Wednesday, October 30th. BTIG Research upped their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, Williams Trading reiterated a "buy" rating and set a $173.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $173.00.

Boot Barn Stock Performance

Shares of Boot Barn stock traded down $0.70 on Monday, reaching $168.06. 862,212 shares of the stock were exchanged, compared to its average volume of 838,357. The firm's 50 day moving average is $150.54 and its 200-day moving average is $145.55. The firm has a market cap of $5.13 billion, a PE ratio of 33.75, a P/E/G ratio of 1.48 and a beta of 2.10. Boot Barn has a one year low of $71.54 and a one year high of $170.77.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.02. The firm had revenue of $425.80 million for 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 business's revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share.

Insider Activity at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Trust Point Inc. increased its position in shares of Boot Barn by 0.8% during the third quarter. Trust Point Inc. now owns 9,112 shares of the company's stock worth $1,524,000 after acquiring an additional 71 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Boot Barn by 3.7% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company's stock valued at $382,000 after purchasing an additional 82 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Boot Barn by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,192 shares of the company's stock worth $701,000 after purchasing an additional 83 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of Boot Barn by 6.2% in the fourth quarter. OLD National Bancorp IN now owns 2,230 shares of the company's stock worth $339,000 after purchasing an additional 130 shares during the last quarter. Finally, Kings Path Partners LLC lifted its holdings in shares of Boot Barn by 2.7% in the third quarter. Kings Path Partners LLC now owns 5,430 shares of the company's stock valued at $908,000 after purchasing an additional 142 shares in the last quarter.

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.