Seaport Res Ptn Raises Earnings Estimates for Boot Barn

Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) - Investment analysts at Seaport Res Ptn upped their FY2026 earnings per share estimates for shares of Boot Barn in a research note issued on Wednesday, May 14th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will post earnings per share of $6.30 for the year, up from their previous estimate 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.

Boot Barn (NYSE:BOOT - Get Free Report) last announced 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 business had revenue of $453.75 million during the quarter, compared to analysts' expectations of $458.56 million. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. The business's revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of Boot Barn from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Citigroup upped their target price on Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a report on Friday. KeyCorp decreased their target price on Boot Barn from $190.00 to $165.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. Stephens started coverage on Boot Barn in a research report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price target on the stock. Finally, Piper Sandler increased their price objective on Boot Barn from $162.00 to $184.00 and gave the stock an "overweight" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $170.62.

Boot Barn Trading Up 1.3%

Shares of NYSE BOOT opened at $156.99 on Monday. Boot Barn has a 12 month low of $86.17 and a 12 month high of $176.64. The firm has a market capitalization of $4.80 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59. The firm has a fifty day simple moving average of $107.05 and a two-hundred day simple moving average of $130.08.

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

Institutional Investors Weigh In On Boot Barn

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. raised its position in shares of Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company's stock worth $26,000 after purchasing an additional 143 shares during the last quarter. Signaturefd LLC grew its position in Boot Barn by 201.8% during the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock valued at $25,000 after purchasing an additional 111 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Boot Barn during the 1st quarter valued at about $29,000. Golden State Wealth Management LLC raised its holdings in Boot Barn by 263.6% in the first quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock worth $30,000 after buying an additional 203 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Boot Barn by 210.8% in the first quarter. Versant Capital Management Inc now owns 317 shares of the company's stock worth $34,000 after buying an additional 215 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.

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