William Blair Issues Negative Outlook for Boot Barn Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Research analysts at William Blair reduced their Q3 2026 earnings per share (EPS) estimates for Boot Barn in a report released on Thursday, May 15th. William Blair analyst D. Carden now forecasts that the company will post earnings per share of $2.31 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.

A number of other equities research analysts also recently issued reports on BOOT. JPMorgan Chase & Co. lowered their price objective on Boot Barn from $209.00 to $196.00 and set an “overweight” rating on the stock in a research report on Thursday, May 15th. Bank of America raised their price target on Boot Barn from $160.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Craig Hallum upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Wednesday, April 23rd. Piper Sandler raised their price target on Boot Barn from $162.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, May 15th. Finally, Stephens began coverage on Boot Barn in a research note on Wednesday, April 9th. They set an “overweight” rating and a $100.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $170.62.

Boot Barn Stock Performance

Shares of BOOT stock opened at $162.76 on Monday. Boot Barn has a 52-week low of $86.17 and a 52-week high of $176.64. The company has a market capitalization of $4.98 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59. The business’s fifty day moving average is $109.45 and its 200 day moving average is $130.55.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $1.22 earnings per share (EPS) 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 business had revenue of $453.75 million during the quarter, compared to analysts’ expectations of $458.56 million. During the same quarter last year, the business posted $0.96 EPS. The company’s quarterly revenue was up 16.8% on a year-over-year basis.

Boot Barn declared that its board has initiated a stock buyback plan on Wednesday, May 14th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 4.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Boot Barn

Several large investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its holdings in shares of Boot Barn by 1.4% during the fourth quarter. Bank of Montreal Can now owns 5,936 shares of the company’s stock valued at $901,000 after purchasing an additional 82 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Boot Barn by 1.0% during the fourth quarter. Cetera Investment Advisers now owns 8,179 shares of the company’s stock valued at $1,242,000 after purchasing an additional 83 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Boot Barn by 7.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,367 shares of the company’s stock valued at $208,000 after purchasing an additional 97 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Boot Barn by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,096 shares of the company’s stock valued at $470,000 after purchasing an additional 98 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Boot Barn by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock valued at $2,247,000 after purchasing an additional 100 shares during the last quarter.

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.