Brokers Offer Predictions for Boot Barn Holdings, Inc.’s Q1 2024 Earnings (NYSE:BOOT)

Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) – Research analysts at Jefferies Financial Group issued their Q1 2024 EPS estimates for Boot Barn in a research note issued on Wednesday, May 11th. Jefferies Financial Group analyst C. Tarlowe anticipates that the company will post earnings of $1.43 per share for the quarter. Jefferies Financial Group also issued estimates for Boot Barn’s FY2024 earnings at $7.21 EPS.

Boot Barn (NYSE:BOOT – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. The firm had revenue of $383.31 million during the quarter, compared to analysts’ expectations of $354.02 million. Boot Barn had a return on equity of 35.40% and a net margin of 12.63%. The firm’s quarterly revenue was up 48.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS.

A number of other research firms have also recently commented on BOOT. Seaport Res Ptn reiterated a “neutral” rating on shares of Boot Barn in a research report on Tuesday, January 18th. Craig Hallum cut their price objective on shares of Boot Barn from $162.00 to $145.00 in a report on Wednesday. StockNews.com initiated coverage on shares of Boot Barn in a report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Finally, Piper Sandler upgraded shares of Boot Barn from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $109.00 to $121.00 in a report on Friday, May 6th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $124.00.

Boot Barn stock opened at $85.57 on Thursday. The stock has a market cap of $2.54 billion, a PE ratio of 15.04, a P/E/G ratio of 0.87 and a beta of 2.78. The stock has a 50-day moving average price of $93.73 and a 200 day moving average price of $102.99. Boot Barn has a 52 week low of $66.58 and a 52 week high of $134.50.

In related news, insider John Hazen sold 2,420 shares of the business’s stock in a transaction that occurred on Wednesday, March 23rd. The stock was sold at an average price of $99.73, for a total transaction of $241,346.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James M. Watkins purchased 2,500 shares of Boot Barn stock in a transaction that occurred on Thursday, February 24th. The shares were bought at an average cost of $77.00 per share, for a total transaction of $192,500.00. The disclosure for this purchase can be found here. 0.86% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Boot Barn by 5.4% in the 4th quarter. BlackRock Inc. now owns 4,655,016 shares of the company’s stock valued at $572,802,000 after purchasing an additional 238,170 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Boot Barn by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,319,793 shares of the company’s stock valued at $117,306,000 after purchasing an additional 12,570 shares in the last quarter. FMR LLC raised its position in shares of Boot Barn by 15.9% in the 1st quarter. FMR LLC now owns 1,099,719 shares of the company’s stock valued at $32,376,000 after purchasing an additional 150,763 shares in the last quarter. Invesco Ltd. raised its position in shares of Boot Barn by 40.7% in the 4th quarter. Invesco Ltd. now owns 993,480 shares of the company’s stock valued at $122,247,000 after purchasing an additional 287,417 shares in the last quarter. Finally, Marshall Wace LLP raised its position in shares of Boot Barn by 199.7% in the 4th quarter. Marshall Wace LLP now owns 779,084 shares of the company’s stock valued at $95,867,000 after purchasing an additional 519,172 shares in the last quarter.

About Boot Barn (Get Rating)

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.

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