Q1 2023 Earnings Forecast for Boot Barn Holdings, Inc. Issued By William Blair (NYSE:BOOT)

Boot Barn Holdings, Inc. (NYSE:BOOTGet Rating) – Equities researchers at William Blair increased their Q1 2023 earnings estimates for shares of Boot Barn in a report issued on Tuesday, May 10th. William Blair analyst D. Carden now anticipates that the company will post earnings of $1.15 per share for the quarter, up from their previous forecast of $0.97. William Blair also issued estimates for Boot Barn’s Q2 2023 earnings at $1.20 EPS, Q3 2023 earnings at $2.55 EPS, Q4 2023 earnings at $1.50 EPS, FY2023 earnings at $6.40 EPS and FY2024 earnings at $7.20 EPS.

A number of other equities analysts also recently commented on BOOT. Zacks Investment Research downgraded shares of Boot Barn from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Boot Barn in a research note on Tuesday, January 18th. Craig Hallum reduced their target price on shares of Boot Barn from $162.00 to $145.00 in a research note on Wednesday. Robert W. Baird reduced their price target on shares of Boot Barn from $145.00 to $130.00 in a research note on Friday, January 28th. Finally, StockNews.com started coverage on shares of Boot Barn in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $124.00.

BOOT stock traded up $2.60 during trading on Friday, reaching $89.56. 836 shares of the stock were exchanged, compared to its average volume of 510,465. The business has a 50 day moving average price of $93.73 and a 200-day moving average price of $102.99. Boot Barn has a 1 year low of $69.44 and a 1 year high of $134.50. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 0.79 and a beta of 2.78.

Boot Barn (NYSE:BOOTGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. Boot Barn had a net margin of 12.93% and a return on equity of 38.18%. The company had revenue of $383.31 million for the quarter, compared to the consensus estimate of $354.02 million. During the same period in the previous year, the firm earned $0.75 earnings per share. Boot Barn’s quarterly revenue was up 48.1% compared to the same quarter last year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Boot Barn by 5.4% during the 4th quarter. BlackRock Inc. now owns 4,655,016 shares of the company’s stock worth $572,802,000 after acquiring an additional 238,170 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Boot Barn by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,319,793 shares of the company’s stock worth $117,306,000 after acquiring an additional 12,570 shares in the last quarter. FMR LLC grew its holdings in Boot Barn by 15.9% during the 1st quarter. FMR LLC now owns 1,099,719 shares of the company’s stock worth $32,376,000 after acquiring an additional 150,763 shares in the last quarter. Invesco Ltd. grew its holdings in Boot Barn by 40.7% during the 4th quarter. Invesco Ltd. now owns 993,480 shares of the company’s stock worth $122,247,000 after acquiring an additional 287,417 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Boot Barn by 199.7% during the 4th quarter. Marshall Wace LLP now owns 779,084 shares of the company’s stock worth $95,867,000 after acquiring 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.

Further Reading

Earnings History and Estimates for Boot Barn (NYSE:BOOT)

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