Research Analysts Issue Forecasts for Boot Barn Holdings, Inc.’s Q1 2024 Earnings (NYSE:BOOT)

Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) – Analysts at Seaport Res Ptn issued their Q1 2024 earnings per share (EPS) estimates for shares of Boot Barn in a research report issued to clients and investors on Thursday, May 18th. Seaport Res Ptn analyst M. Kummetz anticipates that the company will post earnings of $0.85 per share for the quarter. The consensus estimate for Boot Barn’s current full-year earnings is $5.86 per share. Seaport Res Ptn also issued estimates for Boot Barn’s Q3 2024 earnings at $1.96 EPS and Q4 2024 earnings at $1.42 EPS.

BOOT has been the subject of several other research reports. Craig Hallum dropped their target price on shares of Boot Barn from $100.00 to $89.00 in a report on Thursday. TheStreet raised shares of Boot Barn from a “c+” rating to a “b-” rating in a report on Monday, March 20th. UBS Group dropped their price objective on shares of Boot Barn from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, March 29th. Citigroup dropped their price objective on shares of Boot Barn from $93.00 to $84.00 in a report on Thursday. Finally, Robert W. Baird decreased their target price on shares of Boot Barn from $86.00 to $70.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Boot Barn has a consensus rating of “Moderate Buy” and an average price target of $88.40.

Boot Barn Stock Down 3.0 %

Shares of NYSE BOOT opened at $64.77 on Friday. The firm has a market cap of $1.93 billion, a P/E ratio of 11.52, a PEG ratio of 1.20 and a beta of 2.35. The company has a 50 day moving average of $72.74 and a 200 day moving average of $70.72. Boot Barn has a twelve month low of $50.20 and a twelve month high of $88.80.

Boot Barn (NYSE:BOOT – Get Rating) last announced its quarterly earnings data on Wednesday, May 17th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.08. Boot Barn had a net margin of 10.29% and a return on equity of 24.91%. The company had revenue of $425.70 million during the quarter, compared to analyst estimates of $441.00 million. During the same period in the previous year, the business earned $1.47 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Boot Barn by 1.2% in the third quarter. Vanguard Group Inc. now owns 2,708,545 shares of the company’s stock worth $158,342,000 after acquiring an additional 31,166 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Boot Barn by 27.9% during the 4th quarter. Marshall Wace LLP now owns 1,124,396 shares of the company’s stock worth $70,297,000 after acquiring an additional 245,524 shares in the last quarter. State Street Corp boosted its holdings in shares of Boot Barn by 3.6% in the 1st quarter. State Street Corp now owns 1,094,343 shares of the company’s stock valued at $83,870,000 after buying an additional 38,093 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Boot Barn by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,070,951 shares of the company’s stock valued at $82,075,000 after purchasing an additional 15,939 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its holdings in shares of Boot Barn by 19.2% during the first quarter. Hood River Capital Management LLC now owns 613,670 shares of the company’s stock worth $47,032,000 after buying an additional 98,631 shares in the last quarter.

About Boot Barn

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Boot Barn Holdings, Inc engages in the operation of retail stores of western and work-related footwear, apparel, and accessories. The firm’s products include boots, jeans, accessories, hats, gifts and home products, and work wear. Its brands include Ariat, Wrangler, Lucchese Boots, Idyllwind, and Cinch.