What is William Blair's Estimate for Boot Barn Q2 Earnings?

Key Points

• William Blair has increased its Q2 2026 earnings estimate for Boot Barn from $1.15 to $1.27 per share, with a full-year earnings consensus of $5.82 per share.
• Analysts are optimistic about Boot Barn's stock, with 12 buy ratings and multiple price target increases, including Bank of America raising it to $173.00 and JPMorgan Chase to $247.00.
• Boot Barn reported strong Q2 earnings with $1.74 EPS, exceeding the consensus estimate, and a revenue increase of 19.1% year-over-year.

Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) - William Blair raised their Q2 2026 earnings estimates for Boot Barn in a report released on Friday, August 1st. William Blair analyst D. Carden now expects that the company will earn $1.27 per share for the quarter, up from their previous estimate of $1.15. 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 Q3 2026 earnings at $2.28 EPS, Q4 2026 earnings at $1.02 EPS, Q2 2027 earnings at $1.30 EPS, Q3 2027 earnings at $2.73 EPS, Q4 2027 earnings at $1.29 EPS and FY2027 earnings at $7.03 EPS.

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

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their target price on Boot Barn from $207.00 to $247.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Citigroup increased their price target on shares of Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Bank of America boosted their price objective on shares of Boot Barn from $160.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Cowen restated a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. Finally, Stephens assumed coverage on Boot Barn in a research report on Wednesday, April 9th. They issued an "overweight" rating and a $100.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $182.54.

Boot Barn Stock Performance

Shares of NYSE BOOT traded up $0.51 during midday trading on Monday, hitting $167.57. 428,454 shares of the company traded hands, compared to its average volume of 914,864. Boot Barn has a 12-month low of $86.17 and a 12-month high of $183.60. The firm has a market cap of $5.12 billion, a P/E ratio of 26.43, a P/E/G ratio of 1.75 and a beta of 1.76. The stock has a 50-day moving average price of $165.07 and a 200 day moving average price of $137.84.

Institutional Investors Weigh In On Boot Barn

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

Insider Buying and Selling at Boot Barn

In related news, insider Michael A. Love sold 4,154 shares of the business's stock in a transaction that occurred 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 sale, the insider directly owned 2,112 shares in the company, valued at approximately $328,078.08. The trade was a 66.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Laurie Marie Grijalva sold 2,438 shares of Boot Barn stock in a transaction 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 transaction, the insider owned 14,593 shares in the company, valued at $2,344,657.31. This represents a 14.32% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.66% of the company's stock.

Boot Barn announced that its board has authorized a share buyback program on Wednesday, May 14th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors 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.