Equities Analysts Issue Forecasts for Boot Barn Q3 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Seaport Res Ptn boosted their Q3 2025 earnings per share (EPS) estimates for Boot Barn in a research note issued on Monday, October 21st. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will earn $2.10 per share for the quarter, up from their prior forecast of $2.02. The consensus estimate for Boot Barn’s current full-year earnings is $5.29 per share. Seaport Res Ptn also issued estimates for Boot Barn’s FY2025 earnings at $5.45 EPS, FY2026 earnings at $6.44 EPS and FY2027 earnings at $7.46 EPS.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The business had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $415.04 million. During the same period last year, the business earned $1.11 EPS. The company’s revenue was up 10.3% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Piper Sandler raised their price target on Boot Barn from $147.00 to $179.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. UBS Group lifted their target price on shares of Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Benchmark boosted their target price on shares of Boot Barn from $140.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Citigroup raised their price target on shares of Boot Barn from $122.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $146.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Boot Barn Price Performance

Boot Barn stock opened at $162.15 on Wednesday. The business has a fifty day moving average price of $152.78 and a 200-day moving average price of $130.48. Boot Barn has a 1-year low of $66.73 and a 1-year high of $169.83. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 33.78 and a beta of 2.12.

Hedge Funds Weigh In On Boot Barn

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Boot Barn by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,744,105 shares of the company’s stock valued at $210,638,000 after acquiring an additional 35,925 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Boot Barn by 43.8% during the 1st quarter. Wasatch Advisors LP now owns 2,131,689 shares of the company’s stock valued at $202,830,000 after purchasing an additional 649,021 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Boot Barn by 29.4% in the 1st quarter. Westwood Holdings Group Inc. now owns 545,644 shares of the company’s stock valued at $51,918,000 after purchasing an additional 124,060 shares during the period. Jennison Associates LLC boosted its holdings in Boot Barn by 19.6% during the first quarter. Jennison Associates LLC now owns 530,882 shares of the company’s stock worth $50,513,000 after buying an additional 86,969 shares in the last quarter. Finally, Capital Research Global Investors acquired a new stake in Boot Barn during the first quarter valued at $32,779,000.

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.