Q2 Earnings Estimate for Boot Barn Issued By Seaport Res Ptn

Key Points

• Analysts at Seaport Res Ptn have raised their Q2 2026 earnings per share estimate for Boot Barn from $1.20 to $1.27, indicating a positive forecast for the company.
• Boot Barn reported Q2 earnings of $1.74 per share, exceeding the consensus estimate of $1.55, along with a revenue of $504.07 million, significantly above expectations.
• Multiple financial institutions have increased their price targets for Boot Barn's stock, with a consensus rating of "Moderate Buy" and an average target price of $182.54.

Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) - Equities research analysts at Seaport Res Ptn lifted their Q2 2026 earnings per share (EPS) estimates for shares of Boot Barn in a research report issued on Thursday, July 31st. Seaport Res Ptn analyst M. Kummetz now expects that the company will earn $1.27 per share for the quarter, up from their prior estimate of $1.20. The consensus estimate for Boot Barn's current full-year earnings is $5.82 per share. Seaport Res Ptn also issued estimates for Boot Barn's Q3 2026 earnings at $2.48 EPS, Q4 2026 earnings at $1.21 EPS, FY2026 earnings at $6.70 EPS, FY2027 earnings at $7.73 EPS and FY2028 earnings at $8.87 EPS.

Several other research firms have also issued reports on BOOT. KeyCorp lifted their target price on Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Cowen reaffirmed a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. Jefferies Financial Group cut shares of Boot Barn from a "buy" rating to a "hold" rating and decreased their target price for the company from $187.00 to $175.00 in a research report on Wednesday, July 23rd. Craig Hallum raised Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 price target on the stock in a research report on Wednesday, April 23rd. Finally, Robert W. Baird boosted their target price on Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $182.54.

Boot Barn Trading Up 0.3%

Shares of NYSE:BOOT traded up $0.51 on Monday, reaching $167.57. The company had a trading volume of 428,454 shares, compared to its average volume of 914,864. The firm has a market capitalization of $5.12 billion, a PE ratio of 26.43, a PEG ratio of 1.75 and a beta of 1.76. Boot Barn has a 52-week low of $86.17 and a 52-week high of $183.60. The firm's 50 day simple moving average is $165.07 and its 200-day simple moving average is $137.84.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The company had revenue of $504.07 million for the quarter, compared to analysts' expectations of $489.49 million. During the same period in the prior year, the business earned $1.26 EPS. The firm's quarterly revenue was up 19.1% on a year-over-year basis.

Boot Barn announced that its board has initiated a share repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 4.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Transactions at Boot Barn

In other Boot Barn news, insider Laurie Marie Grijalva sold 2,438 shares of the business'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 value of $391,713.46. Following the completion of the transaction, the insider directly owned 14,593 shares of the company's stock, valued at approximately $2,344,657.31. The trade was a 14.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael A. Love sold 4,154 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $155.34, for a total transaction of $645,282.36. Following the completion of the transaction, the insider owned 2,112 shares of the company's stock, valued at approximately $328,078.08. This represents a 66.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Verdence Capital Advisors LLC increased its stake in shares of Boot Barn by 3.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company's stock valued at $345,000 after purchasing an additional 74 shares in the last quarter. Bank of Montreal Can boosted its position in Boot Barn by 1.4% during the fourth quarter. Bank of Montreal Can now owns 5,936 shares of the company's stock worth $901,000 after purchasing an additional 82 shares in the last quarter. Cetera Investment Advisers grew its holdings in Boot Barn by 1.0% in the fourth quarter. Cetera Investment Advisers now owns 8,179 shares of the company's stock valued at $1,242,000 after purchasing an additional 83 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Boot Barn by 7.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,367 shares of the company's stock valued at $208,000 after buying an additional 97 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in shares of Boot Barn by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,096 shares of the company's stock worth $470,000 after buying an additional 98 shares during the period.

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.