Boot Barn (NYSE:BOOT) Shares Gap Up After Earnings Beat

Boot Barn Holdings, Inc. (NYSE:BOOTGet Free Report)’s stock price gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $146.36, but opened at $156.95. Boot Barn shares last traded at $151.2860, with a volume of 289,622 shares.

The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The firm had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.23 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 earnings per share. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS.

Key Headlines Impacting Boot Barn

Here are the key news stories impacting Boot Barn this week:

Analysts Set New Price Targets

Several analysts recently issued reports on BOOT shares. BTIG Research restated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a report on Friday. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research note on Monday, April 6th. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price target on the stock in a research note on Friday, February 6th. Finally, Piper Sandler set a $226.00 price objective on shares of Boot Barn in a report on Friday. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $232.91.

Check Out Our Latest Stock Analysis on Boot Barn

Hedge Funds Weigh In On Boot Barn

Several institutional investors have recently bought and sold shares of BOOT. Los Angeles Capital Management LLC acquired a new stake in shares of Boot Barn during the fourth quarter worth about $29,000. Parkside Financial Bank & Trust grew its holdings in shares of Boot Barn by 164.4% in the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 120 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Boot Barn during the 3rd quarter worth approximately $49,000. Danske Bank A S increased its stake in Boot Barn by 200.0% during the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after buying an additional 200 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Boot Barn by 284.1% during the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after buying an additional 250 shares in the last quarter.

Boot Barn Trading Up 0.3%

The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 0.89 and a beta of 1.73. The stock’s fifty day simple moving average is $159.66 and its 200-day simple moving average is $179.24.

Boot Barn Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.