William Blair Has Negative Outlook of Boot Barn Q3 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Stock analysts at William Blair dropped their Q3 2026 EPS estimates for Boot Barn in a research note issued on Thursday, May 15th. William Blair analyst D. Carden now forecasts that the company will post earnings of $2.31 per share for the quarter, down from their prior estimate of $2.85. The consensus estimate for Boot Barn’s current full-year earnings is $5.82 per share. William Blair also issued estimates for Boot Barn’s Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $5.98 EPS, Q3 2027 earnings at $2.77 EPS, Q4 2027 earnings at $1.32 EPS and FY2027 earnings at $7.16 EPS.

BOOT has been the topic of several other research reports. JPMorgan Chase & Co. reduced their price objective on shares of Boot Barn from $209.00 to $196.00 and set an “overweight” rating on the stock in a research note on Thursday, May 15th. Craig Hallum raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Wednesday, April 23rd. Bank of America boosted their price objective on shares of Boot Barn from $160.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. KeyCorp reduced their price objective on shares of Boot Barn from $190.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 29th. Finally, UBS Group boosted their price objective on shares of Boot Barn from $156.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $170.62.

Boot Barn Stock Up 2.6%

Shares of Boot Barn stock opened at $160.79 on Monday. Boot Barn has a twelve month low of $86.17 and a twelve month high of $176.64. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 1.17 and a beta of 1.59. The company’s fifty day moving average is $108.22 and its 200 day moving average is $130.33.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.02). Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. The company had revenue of $453.75 million for the quarter, compared to the consensus estimate of $458.56 million. During the same period in the previous year, the firm posted $0.96 EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year.

Hedge Funds Weigh In On Boot Barn

Several institutional investors have recently made changes to their positions in BOOT. Vanguard Group Inc. increased its stake in Boot Barn by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 3,409,865 shares of the company’s stock valued at $517,686,000 after buying an additional 73,089 shares during the last quarter. FMR LLC increased its stake in Boot Barn by 47.3% in the 4th quarter. FMR LLC now owns 2,211,300 shares of the company’s stock valued at $335,720,000 after buying an additional 709,903 shares during the last quarter. Wellington Management Group LLP increased its stake in Boot Barn by 48.6% in the 4th quarter. Wellington Management Group LLP now owns 2,161,052 shares of the company’s stock valued at $328,091,000 after buying an additional 706,518 shares during the last quarter. Capital Research Global Investors increased its stake in Boot Barn by 32.6% in the 4th quarter. Capital Research Global Investors now owns 1,141,821 shares of the company’s stock valued at $173,351,000 after buying an additional 280,892 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Boot Barn by 24.8% in the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company’s stock valued at $97,058,000 after buying an additional 179,710 shares during the last quarter.

Boot Barn declared that its board has authorized a share buyback plan on Wednesday, May 14th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 4.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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.