Seaport Res Ptn Raises Earnings Estimates for Boot Barn

Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) - Analysts at Seaport Res Ptn upped their FY2026 earnings per share estimates for Boot Barn in a report released on Wednesday, May 14th. Seaport Res Ptn analyst M. Kummetz now expects that the company will earn $6.30 per share for the year, up from their prior forecast of $6.11. 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 Q4 2026 earnings at $1.19 EPS and FY2027 earnings at $7.28 EPS.

A number of other brokerages have also recently commented on BOOT. Craig Hallum raised shares of 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. Stephens began coverage on shares of Boot Barn in a research report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price target on the stock. KeyCorp cut their price objective on shares of Boot Barn from $190.00 to $165.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Piper Sandler increased their price objective on shares of Boot Barn from $162.00 to $184.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Finally, Robert W. Baird increased their price objective on shares of Boot Barn from $140.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boot Barn currently has an average rating of "Moderate Buy" and a consensus target price of $170.62.

Boot Barn Stock Down 1.5%

BOOT traded down $2.32 during trading on Monday, reaching $157.26. 815,938 shares of the stock traded hands, compared to its average volume of 829,800. The stock has a market capitalization of $4.81 billion, a PE ratio of 28.08, a P/E/G ratio of 1.17 and a beta of 1.59. The stock's 50-day moving average is $112.77 and its 200 day moving average is $131.16. Boot Barn has a 12 month low of $86.17 and a 12 month high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $1.22 EPS for the quarter, missing analysts' consensus estimates of $1.24 by ($0.02). The firm had revenue of $453.75 million for the quarter, compared to the consensus estimate of $458.56 million. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. The business's revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted $0.96 EPS.

Institutional Investors Weigh In On Boot Barn

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC purchased a new stake in Boot Barn in the 4th quarter valued at about $46,699,000. Alberta Investment Management Corp purchased a new stake in Boot Barn in the 4th quarter valued at about $2,842,000. Charles Schwab Investment Management Inc. increased its stake in Boot Barn by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 358,579 shares of the company's stock valued at $54,439,000 after buying an additional 5,881 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Boot Barn in the 4th quarter valued at about $42,440,000. Finally, TimesSquare Capital Management LLC increased its stake in Boot Barn by 134.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 289,641 shares of the company's stock valued at $43,973,000 after buying an additional 166,121 shares during the last quarter.

Insider Activity at Boot Barn

In related news, insider Laurie Marie Grijalva sold 2,438 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $160.67, for a total value of $391,713.46. Following the transaction, the insider now owns 14,593 shares of the company's stock, valued at approximately $2,344,657.31. This trade represents a 14.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Boot Barn announced that its board has approved a stock buyback plan on Wednesday, May 14th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 4.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.