KeyCorp Weighs in on Boot Barn’s FY2026 Earnings (NYSE:BOOT)

Boot Barn Holdings, Inc. (NYSE:BOOT) – Equities researchers at KeyCorp issued their FY2026 earnings per share estimates for shares of Boot Barn in a report released on Wednesday, January 21st. KeyCorp analyst A. Owens expects that the company will earn $7.35 per share for the year. The consensus estimate for Boot Barn’s current full-year earnings is $5.82 per share.

Other equities research analysts have also recently issued research reports about the stock. BTIG Research lifted their target price on shares of Boot Barn from $226.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Seaport Research Partners lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. UBS Group increased their price objective on shares of Boot Barn from $248.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Citigroup boosted their target price on Boot Barn from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Finally, Jefferies Financial Group increased their price target on Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a report on Monday, January 12th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average target price of $206.08.

Boot Barn Price Performance

NYSE BOOT opened at $184.00 on Monday. Boot Barn has a 1-year low of $86.17 and a 1-year high of $210.25. The company has a market cap of $5.61 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.61. The stock’s 50 day simple moving average is $191.03 and its 200-day simple moving average is $181.78.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 earnings per share. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Balyasny Asset Management L.P. lifted its position in shares of Boot Barn by 2,547.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after buying an additional 453,396 shares during the last quarter. Invesco Ltd. raised its stake in Boot Barn by 46.3% during the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after acquiring an additional 290,493 shares in the last quarter. Marshall Wace LLP lifted its position in Boot Barn by 63.3% in the second quarter. Marshall Wace LLP now owns 655,923 shares of the company’s stock valued at $99,700,000 after acquiring an additional 254,296 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in Boot Barn in the second quarter valued at $34,790,000. Finally, Fiera Capital Corp acquired a new position in Boot Barn in the second quarter valued at $33,686,000.

Insiders Place Their Bets

In other news, Chairman Peter Starrett sold 6,498 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $190.00, for a total value of $1,234,620.00. Following the completion of the transaction, the chairman owned 9,599 shares of the company’s stock, valued at approximately $1,823,810. This trade represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gene Eddie Burt sold 1,200 shares of Boot Barn stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the completion of the transaction, the director owned 3,338 shares of the company’s stock, valued at $638,926.58. This trade represents a 26.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.66% of the company’s stock.

About Boot Barn

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.