Boot Barn (BOOT) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boot Barn in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BOOT shares.
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8 brokers have issued 12 month price objectives for Boot Barn's stock. Their BOOT share price forecasts range from $70.00 to $107.00. On average, they anticipate the company's share price to reach $88.40 in the next twelve months. This suggests a possible upside of 25.7% from the stock's current price.
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Boot Barn's stock was trading at $62.52 at the beginning of the year. Since then, BOOT stock has increased by 12.5% and is now trading at $70.34.
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Boot Barn saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,210,000 shares, an increase of 10.3% from the April 15th total of 2,910,000 shares. Based on an average daily volume of 589,100 shares, the days-to-cover ratio is presently 5.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Boot Barn Holdings, Inc. (NYSE:BOOT) released its quarterly earnings results on Wednesday, May, 17th. The company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.08. The business earned $425.70 million during the quarter, compared to the consensus estimate of $441 million. Boot Barn had a trailing twelve-month return on equity of 24.07% and a net margin of 10.29%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.47 earnings per share.

ETFs with the largest weight of Boot Barn (NYSE:BOOT) stock in their portfolio include Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Nuveen Small Cap Select ETF (NSCS), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), First Trust Small Cap Growth AlphaDEX Fund (FYC), SPDR S&P SmallCap 600 ESG ETF (ESIX), Xtrackers S&P SmallCap 600 ESG ETF (SMLE) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).

Boot Barn updated its FY24 earnings guidance on Wednesday, May, 17th. The company provided earnings per share guidance of $4.70-$5.00 for the period, compared to the consensus earnings per share estimate of $5.80. The company issued revenue guidance of $1.690-$1.723 billion, compared to the consensus revenue estimate of $1.80 billion.

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.52%), Wasatch Advisors LP (5.16%), State Street Corp (3.67%), Dimensional Fund Advisors LP (3.59%), Ameriprise Financial Inc. (2.22%) and Hood River Capital Management LLC (2.06%). 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 $70.34.

Boot Barn (NYSE:BOOT) has a market capitalization of $2.10 billion and generates $1.66 billion in revenue each year. The company earns $170.55 million in net income (profit) each year or $5.62 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.