Boot Barn (NYSE:BOOT) Updates Q3 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its third quarter earnings guidance on Friday morning. The company provided earnings per share guidance of $2.43 for the period, compared to the consensus earnings per share estimate of $2.05. The company issued revenue guidance of $608.2 million, compared to the consensus revenue estimate of $593.41 million. Boot Barn also updated its Q3 2025 guidance to 2.430-2.430 EPS.

Boot Barn Stock Down 2.7 %

NYSE BOOT traded down $4.39 during trading hours on Friday, reaching $155.95. The company’s stock had a trading volume of 886,311 shares, compared to its average volume of 733,408. Boot Barn has a 1 year low of $69.35 and a 1 year high of $169.83. The firm’s 50-day moving average price is $143.92 and its 200-day moving average price is $142.67. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 31.32 and a beta of 2.10.

Boot Barn (NYSE:BOOT) last posted its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The company had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities research analysts anticipate that Boot Barn will post 5.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on BOOT shares. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Benchmark restated a “buy” rating and issued a $192.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. UBS Group raised shares of Boot Barn from a “neutral” rating to a “buy” rating and raised their target price for the stock from $155.00 to $210.00 in a research report on Friday. BTIG Research boosted their price target on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Craig Hallum downgraded Boot Barn from a “buy” rating to a “hold” rating and raised their price objective for the stock from $154.00 to $162.00 in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $170.75.

Insider Activity at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of Boot Barn stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the transaction, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.