Boot Barn (BOOT) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Boot Barn in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BOOT shares.
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9 analysts have issued 12 month price objectives for Boot Barn's stock. Their BOOT share price forecasts range from $70.00 to $130.00. On average, they predict the company's stock price to reach $108.00 in the next year. This suggests a possible upside of 33.6% from the stock's current price.
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Boot Barn's stock was trading at $62.52 on January 1st, 2023. Since then, BOOT stock has increased by 29.3% and is now trading at $80.83.
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Boot Barn saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 2,730,000 shares, an increase of 19.2% from the July 31st total of 2,290,000 shares. Based on an average daily volume of 741,900 shares, the days-to-cover ratio is currently 3.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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Boot Barn Holdings, Inc. (NYSE:BOOT) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.84 by $0.27. The firm earned $383.70 million during the quarter, compared to analyst estimates of $362.49 million. Boot Barn had a net margin of 9.88% and a trailing twelve-month return on equity of 22.03%.

ETFs with the largest weight of Boot Barn (NYSE:BOOT) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL) and SPDR S&P 600 Small Cap ETF (SLY).JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC).

Boot Barn (NYSE:BOOT) pays an annual dividend of $0.50 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 9.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BOOT will have a dividend payout ratio of 7.92% next year. This indicates that the company will be able to sustain or increase its dividend.

Boot Barn updated its second quarter 2024 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $0.84-$0.90 for the period, compared to the consensus earnings per share estimate of $0.86. The company issued revenue guidance of $372.00 million-$379.00 million, compared to the consensus revenue estimate of $365.42 million.

64 employees have rated Boot Barn Chief Executive Officer Jim Conroy on Glassdoor.com. Jim Conroy has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Boot Barn investors own include Hawkins (HWKN), CA (CA), Endologix (ELGX), Chipotle Mexican Grill (CMG), BlackRock (BLK), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), Accenture (ACN), Zoetis (ZTS).

Boot Barn trades on the New York Stock Exchange (NYSE) under the ticker symbol "BOOT."

Boot Barn's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.24%), Capital World Investors (5.98%), Wasatch Advisors LP (5.05%), Dimensional Fund Advisors LP (3.87%), State Street Corp (3.76%) and Goldman Sachs Group Inc. (2.07%). Insiders that own company stock include Anne Macdonald, Brenda I Morris, Brenda I Morris, Greg Bettinelli, Gregory V Hackman, Gregory V Hackman, James Grant Conroy, James M Watkins, John Hazen, Laurie Marie Grijalva, Michael A Love, Michael A Love and Peter Starrett.
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Shares of BOOT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BOOT stock can currently be purchased for approximately $80.83.

Boot Barn (NYSE:BOOT) has a market capitalization of $2.42 billion and generates $1.68 billion in revenue each year. The company earns $170.55 million in net income (profit) each year or $5.46 on an earnings per share basis.

The company employs 8,800 workers across the globe.

Boot Barn's mailing address is 15345 BARRANCA PARKWAY, IRVINE CA, 92618. The official website for the company is www.bootbarn.com. The company can be reached via phone at (949) 453-4400, via email at bootbarnir@icrinc.com, or via fax at 949-453-4406.