William Blair Weighs in on Boot Barn FY2027 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Stock analysts at William Blair issued their FY2027 earnings per share (EPS) estimates for shares of Boot Barn in a note issued to investors on Tuesday, January 7th. William Blair analyst D. Carden forecasts 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.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped 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. Bank of America began coverage on Boot Barn in a report on Tuesday. They set a “buy” rating and a $187.00 target price for the company. Benchmark reiterated a “buy” rating and set a $192.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. Piper Sandler reissued an “overweight” rating and issued a $179.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Finally, Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and lifted their target price for the company from $154.00 to $162.00 in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and an average target price of $170.75.

Boot Barn Stock Performance

NYSE:BOOT opened at $155.95 on Thursday. Boot Barn has a fifty-two week low of $69.35 and a fifty-two week high of $169.83. The company has a 50 day moving average price of $143.92 and a 200 day moving average price of $142.67. The stock has a market capitalization of $4.76 billion, a P/E ratio of 31.32 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 (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same period in the previous year, the firm earned $0.91 EPS. Boot Barn’s revenue was up 13.7% on a year-over-year basis.

Institutional Trading of Boot Barn

A number of large investors have recently modified their holdings of BOOT. GHP Investment Advisors Inc. acquired a new position in shares of Boot Barn in the 3rd quarter worth approximately $25,000. Canada Pension Plan Investment Board purchased a new stake in Boot Barn in the 2nd quarter worth about $64,000. GAMMA Investing LLC boosted its holdings in shares of Boot Barn by 100.8% during the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after purchasing an additional 268 shares during the period. USA Financial Formulas purchased a new position in shares of Boot Barn during the 3rd quarter valued at $92,000. Finally, KBC Group NV grew its stake in Boot Barn by 23.3% in the third quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after purchasing an additional 180 shares in the last quarter.

Insiders Place Their Bets

In other Boot Barn news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction on Thursday, January 2nd. The shares were 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 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 document filed with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.

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.