Boot Barn (NYSE:BOOT) Updates Q3 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $1.96-$2.07 for the period, compared to the consensus earnings per share estimate of $2.11. The company issued revenue guidance of $582-$595 million, compared to the consensus revenue estimate of $589.32 million. Boot Barn also updated its FY 2025 guidance to 5.300-5.600 EPS.

Boot Barn Price Performance

Shares of NYSE BOOT opened at $129.38 on Wednesday. The business has a 50-day moving average of $154.55 and a two-hundred day moving average of $132.38. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 26.95 and a beta of 2.12. Boot Barn has a 1 year low of $66.73 and a 1 year high of $169.83.

Boot Barn (NYSE:BOOT) last posted 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. The firm had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a return on equity of 16.44% and a net margin of 8.89%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, equities research analysts expect that Boot Barn will post 5.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BOOT. Citigroup cut their price target on shares of Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday. Robert W. Baird upgraded 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. Piper Sandler reissued an “overweight” rating and issued a $179.00 target price on shares of Boot Barn in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, UBS Group increased their price objective on Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.55.

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.