KeyCorp Issues Optimistic Forecast for Boot Barn Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Research analysts at KeyCorp raised their Q4 2025 earnings per share estimates for Boot Barn in a note issued to investors on Wednesday, January 22nd. KeyCorp analyst A. Owens now expects that the company will earn $1.22 per share for the quarter, up from their previous estimate of $1.17. KeyCorp has a “Overweight” rating and a $190.00 price objective on the stock. The consensus estimate for Boot Barn’s current full-year earnings is $5.80 per share.

Several other research firms also recently weighed in on BOOT. BTIG Research raised their target price on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. Citigroup cut their price objective on Boot Barn from $194.00 to $178.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Benchmark reiterated a “buy” rating and set a $192.00 target price on shares of Boot Barn in a report on Tuesday, October 29th. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price target for the company in a report on Wednesday, October 30th. Finally, Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and increased their price objective for the company from $154.00 to $162.00 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $173.00.

Boot Barn Stock Performance

Boot Barn stock opened at $169.13 on Friday. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 1.48 and a beta of 2.10. Boot Barn has a fifty-two week low of $71.54 and a fifty-two week high of $170.77. The stock’s fifty day moving average is $149.86 and its two-hundred day moving average is $144.98.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same quarter in the previous year, the company earned $0.91 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis.

Institutional Investors Weigh In On Boot Barn

Institutional investors have recently bought and sold shares of the business. GHP Investment Advisors Inc. acquired a new position in shares of Boot Barn during the 3rd quarter valued at $25,000. Blue Trust Inc. lifted its stake in shares of Boot Barn by 1,430.0% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Boot Barn in the second quarter worth about $64,000. GAMMA Investing LLC grew its stake in shares of Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock valued at $89,000 after buying an additional 268 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Boot Barn during the 3rd quarter valued at about $92,000.

Insiders Place Their Bets

In other news, CEO John Hazen sold 6,311 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the sale, the chief executive officer now owns 3,937 shares in the company, valued at approximately $602,282.26. The trade was a 61.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

About Boot Barn

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.