William Blair Forecasts Boot Barn FY2027 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) - Stock analysts at 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 anticipates that the company will earn $7.73 per share for the year. The consensus estimate for Boot Barn's current full-year earnings is $5.48 per share.

BOOT has been the topic of a number of other research reports. Craig Hallum lowered Boot Barn from a "buy" rating to a "hold" rating and raised their target price for the company from $154.00 to $162.00 in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $181.00 to $188.00 and gave the company an "overweight" rating in a report on Wednesday. Citigroup cut their price objective on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating for the company in a research report on Tuesday, October 29th. Baird R W upgraded shares of Boot Barn from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 30th. Finally, Bank of America began coverage on Boot Barn in a report on Tuesday. They issued a "buy" rating and a $187.00 price target for the company. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Boot Barn currently has an average rating of "Moderate Buy" and a consensus price target of $167.00.

Boot Barn Stock Down 0.3 %

BOOT stock traded down $0.42 during mid-day trading on Thursday, reaching $159.99. 624,326 shares of the stock traded hands, compared to its average volume of 702,905. The firm has a market capitalization of $4.88 billion, a PE ratio of 32.13 and a beta of 2.10. The business has a 50-day moving average of $143.92 and a two-hundred day moving average of $142.67. Boot Barn has a 52 week low of $69.35 and a 52 week high of $169.83.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the firm posted $0.91 EPS. The firm's revenue for the quarter was up 13.7% on a year-over-year basis.

Institutional Trading of Boot Barn

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

Insider Buying and Selling

In related news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value 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 $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.