Boot Barn (BOOT) Projected to Post Quarterly Earnings on Thursday

Key Points

• Boot Barn is set to report its Q1 2026 earnings on July 31st, with analysts estimating earnings of $1.53 per share and revenue around $489.49 million.
• The company recently announced a $200 million stock buyback plan, reflecting management's belief that its stock is currently undervalued.
• Several analysts have raised their target prices for Boot Barn's stock, with UBS setting a target of $210.00 and KeyCorp raising it to $195.00, indicating strong market confidence.

Boot Barn (NYSE:BOOT - Get Free Report) is expected to announce its Q1 2026 earnings results before the market opens on Thursday, July 31st. Analysts expect the company to announce earnings of $1.53 per share and revenue of $489.49 million for the quarter. Boot Barn has set its FY 2026 guidance at 5.500-6.400 EPS and its Q1 2026 guidance at 1.440-1.520 EPS.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.02). Boot Barn had a return on equity of 16.98% and a net margin of 9.47%. The business had revenue of $453.75 million during the quarter, compared to the consensus estimate of $458.56 million. During the same period in the previous year, the company posted $0.96 EPS. The company's revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts expect Boot Barn to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Boot Barn Stock Performance

Shares of NYSE:BOOT traded up $6.60 on Friday, hitting $174.03. The company's stock had a trading volume of 530,786 shares, compared to its average volume of 634,713. Boot Barn has a 12 month low of $86.17 and a 12 month high of $178.92. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 2.05 and a beta of 1.69. The stock's 50-day moving average is $163.17 and its two-hundred day moving average is $136.97.

Boot Barn declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 14th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. KeyCorp upped their target price on Boot Barn from $180.00 to $195.00 and gave the company an "overweight" rating in a report on Tuesday, July 22nd. UBS Group upped their target price on Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Craig Hallum raised Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 target price for the company in a report on Wednesday, April 23rd. Piper Sandler upped their target price on Boot Barn from $162.00 to $184.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. increased their price objective on Boot Barn from $196.00 to $207.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.08.

Insider Activity at Boot Barn

In related news, insider Laurie Marie Grijalva sold 2,438 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $160.67, for a total transaction of $391,713.46. Following the completion of the transaction, the insider owned 14,593 shares in the company, valued at $2,344,657.31. This trade represents a 14.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael A. Love sold 4,154 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $155.34, for a total value of $645,282.36. Following the sale, the insider owned 2,112 shares in the company, valued at $328,078.08. The trade was a 66.29% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Institutional Trading of Boot Barn

A number of hedge funds and other institutional investors have recently made changes to their positions in BOOT. United Services Automobile Association bought a new stake in shares of Boot Barn during the first quarter worth $209,000. AQR Capital Management LLC increased its holdings in Boot Barn by 198.0% in the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company's stock valued at $957,000 after purchasing an additional 5,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Boot Barn by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company's stock valued at $1,894,000 after purchasing an additional 779 shares during the last quarter. Royal Bank of Canada increased its holdings in Boot Barn by 50.3% in the first quarter. Royal Bank of Canada now owns 34,676 shares of the company's stock valued at $3,725,000 after purchasing an additional 11,598 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Boot Barn by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,390 shares of the company's stock valued at $7,777,000 after purchasing an additional 2,558 shares during 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.

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