Equities Analysts Set Expectations for Boot Barn Q3 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Equities research analysts at KeyCorp increased their Q3 2025 earnings estimates for Boot Barn in a research report issued on Wednesday, January 22nd. KeyCorp analyst A. Owens now anticipates that the company will post earnings of $2.43 per share for the quarter, up from their prior 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.

Boot Barn (NYSE:BOOT) last issued its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. The business 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 15.89% and a net margin of 8.73%. Boot Barn’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share.

A number of other research firms have also issued reports on BOOT. Williams Trading reissued a “buy” rating and issued a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Benchmark reissued a “buy” rating and set a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. UBS Group raised shares of Boot Barn from a “neutral” rating to a “buy” rating and upped their price target for the stock from $155.00 to $210.00 in a research note on Friday, January 10th. BTIG Research lifted their price objective on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $179.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $173.00.

Boot Barn Trading Up 2.9 %

Shares of Boot Barn stock opened at $173.31 on Monday. Boot Barn has a 1 year low of $71.54 and a 1 year high of $173.97. The stock has a 50-day moving average price of $151.35 and a 200 day moving average price of $145.89. The company has a market cap of $5.29 billion, a P/E ratio of 34.80, a P/E/G ratio of 1.48 and a beta of 2.10.

Insider Activity

In other news, CEO John Hazen sold 6,311 shares of the 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 in the company, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOOT. State Street Corp boosted its stake in shares of Boot Barn by 4.4% in the 3rd quarter. State Street Corp now owns 1,208,345 shares of the company’s stock valued at $202,132,000 after purchasing an additional 51,356 shares in the last quarter. Geode Capital Management LLC lifted 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 period. Thrivent Financial for Lutherans grew its holdings in Boot Barn by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 495,546 shares of the company’s stock valued at $82,895,000 after purchasing an additional 1,834 shares during the period. Franklin Resources Inc. grew its stake in Boot Barn by 1.0% in the third quarter. Franklin Resources Inc. now owns 420,688 shares of the company’s stock valued at $68,004,000 after acquiring an additional 4,226 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Boot Barn by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 352,698 shares of the company’s stock worth $58,999,000 after acquiring an additional 6,335 shares in the last quarter.

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.