What is William Blair's Estimate for Boot Barn Q3 Earnings?

Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) - Research analysts at William Blair reduced their Q3 2026 earnings estimates for Boot Barn in a research note issued to investors on Thursday, May 15th. William Blair analyst D. Carden now forecasts that the company will earn $2.31 per share for the quarter, down from their previous forecast of $2.85. The consensus estimate for Boot Barn's current full-year earnings is $5.82 per share. William Blair also issued estimates for Boot Barn's Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $5.98 EPS, Q3 2027 earnings at $2.77 EPS, Q4 2027 earnings at $1.32 EPS and FY2027 earnings at $7.16 EPS.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share 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 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 firm's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS.

A number of other equities research analysts have also recently issued reports on BOOT. JPMorgan Chase & Co. reduced their price objective on Boot Barn from $209.00 to $196.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Piper Sandler boosted their price objective on Boot Barn from $162.00 to $184.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Wall Street Zen downgraded shares of Boot Barn from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Stephens assumed coverage on shares of Boot Barn in a report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 target price on the stock. Finally, Craig Hallum raised shares of Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 target price on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $170.62.

Boot Barn Stock Performance

Shares of BOOT stock traded down $2.32 during midday trading on Monday, hitting $157.26. 815,938 shares of the company were exchanged, compared to its average volume of 829,800. The firm's 50 day moving average price is $112.77 and its two-hundred day moving average price is $131.16. The firm has a market capitalization of $4.81 billion, a P/E ratio of 28.08, a PEG ratio of 1.17 and a beta of 1.59. Boot Barn has a 52 week low of $86.17 and a 52 week high of $176.64.

Hedge Funds Weigh In On Boot Barn

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

Insider Transactions at Boot Barn

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

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

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.