William Blair Forecasts Increased Earnings for Boot Barn

Boot Barn Holdings, Inc. (NYSE:BOOT) – Stock analysts at William Blair boosted their FY2025 earnings per share (EPS) estimates for shares of Boot Barn in a research report issued on Saturday, January 11th. William Blair analyst D. Carden now forecasts that the company will post earnings of $5.82 per share for the year, up from their previous forecast of $5.41. The consensus estimate for Boot Barn’s current full-year earnings is $5.48 per share. William Blair also issued estimates for Boot Barn’s Q4 2025 earnings at $1.24 EPS, Q4 2026 earnings at $1.46 EPS, FY2026 earnings at $6.97 EPS and FY2027 earnings at $8.26 EPS.

BOOT has been the subject of a number of other research reports. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price for the company in a research note on Wednesday, October 30th. BTIG Research boosted their price objective on Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group raised Boot Barn from a “neutral” rating to a “buy” rating and increased their target price for the company from $155.00 to $210.00 in a report on Friday, January 10th. JPMorgan Chase & Co. lifted their price target on Boot Barn from $181.00 to $188.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Benchmark reissued a “buy” rating and issued a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $171.58.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $151.51 on Tuesday. The firm has a market cap of $4.62 billion, a PE ratio of 30.42 and a beta of 2.10. Boot Barn has a one year low of $69.35 and a one year high of $169.83. The firm has a fifty day moving average of $145.48 and a 200 day moving average of $143.41.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 earnings per share 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 during the quarter, compared to the consensus estimate of $424.42 million. During the same period in the prior year, the company posted $0.91 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis.

Institutional Investors Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOOT. Marshall Wace LLP purchased a new position in shares of Boot Barn during the 2nd quarter worth $19,532,000. State Street Corp lifted its position in Boot Barn by 4.4% in the third quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after buying an additional 51,356 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Boot Barn by 56.5% during the third quarter. JPMorgan Chase & Co. now owns 141,305 shares of the company’s stock worth $23,638,000 after buying an additional 51,032 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Boot Barn during the third quarter valued at about $5,931,000. Finally, Sei Investments Co. increased its position in shares of Boot Barn by 39.3% during the second quarter. Sei Investments Co. now owns 102,933 shares of the company’s stock valued at $13,271,000 after acquiring an additional 29,049 shares during the last quarter.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

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.