KeyCorp Has Positive Outlook for Boot Barn Q3 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Investment analysts at KeyCorp boosted their Q3 2025 earnings per share estimates for shares of Boot Barn in a research note issued on Wednesday, January 22nd. KeyCorp analyst A. Owens now expects that the company will post earnings of $2.43 per share for the quarter, up from their previous forecast of $1.99. KeyCorp currently has a “Overweight” rating and a $190.00 target price 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 brokerages also recently weighed in on BOOT. Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. 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 report on Wednesday, January 8th. UBS Group upgraded Boot Barn from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $155.00 to $210.00 in a research report on Friday, January 10th. Williams Trading restated a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, Piper Sandler restated an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a research 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $173.00.

Boot Barn Stock Performance

Shares of BOOT stock opened at $168.06 on Monday. The stock’s 50 day simple moving average is $150.54 and its 200 day simple moving average is $145.55. Boot Barn has a twelve month low of $71.54 and a twelve month high of $170.77. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 1.48 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share 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 the consensus estimate of $424.42 million. During the same period last year, the business earned $0.91 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year.

Insider Activity at Boot Barn

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the transaction, the chief executive officer now owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Boot Barn

Institutional investors and hedge funds have recently bought and sold shares of the business. GHP Investment Advisors Inc. acquired a new position in Boot Barn in the third quarter worth $25,000. Blue Trust Inc. boosted its stake in Boot Barn by 1,430.0% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Boot Barn in the second quarter worth $64,000. GAMMA Investing LLC boosted its stake in Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after purchasing an additional 268 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Boot Barn during the third quarter worth $92,000.

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.