Boot Barn Holdings, Inc. Forecasted to Earn Q1 2024 Earnings of $0.80 Per Share (NYSE:BOOT)

Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) – Equities research analysts at William Blair reduced their Q1 2024 earnings estimates for Boot Barn in a research note issued to investors on Thursday, May 18th. William Blair analyst D. Carden now expects that the company will post earnings of $0.80 per share for the quarter, down from their prior forecast of $1.09. The consensus estimate for Boot Barn’s current full-year earnings is $4.92 per share. William Blair also issued estimates for Boot Barn’s Q3 2024 earnings at $1.80 EPS and FY2024 earnings at $4.95 EPS.

Boot Barn (NYSE:BOOT – Get Rating) last issued its quarterly earnings results on Wednesday, May 17th. The company reported $1.53 earnings per share (EPS) 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 24.07%. The business had revenue of $425.70 million for the quarter, compared to analyst estimates of $441.00 million. During the same period in the previous year, the business posted $1.47 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year.

A number of other analysts also recently commented on BOOT. StockNews.com initiated coverage on shares of Boot Barn in a report on Thursday. They set a “sell” rating on the stock. Bank of America decreased their price objective on shares of Boot Barn from $85.00 to $80.00 in a report on Thursday. Craig Hallum decreased their price objective on shares of Boot Barn from $100.00 to $89.00 in a report on Thursday. Robert W. Baird decreased their price objective on shares of Boot Barn from $86.00 to $70.00 in a report on Thursday. Finally, BTIG Research decreased their price objective on shares of Boot Barn from $110.00 to $107.00 in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $88.40.

Boot Barn Stock Down 3.0 %

Shares of Boot Barn stock opened at $64.77 on Monday. Boot Barn has a 52-week low of $50.20 and a 52-week high of $88.80. The company’s 50-day simple moving average is $72.74 and its 200-day simple moving average is $70.96. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.30 and a beta of 2.35.

Institutional Trading of Boot Barn

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Boot Barn by 1.2% during 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 boosted its position in Boot Barn by 27.9% during the fourth 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 during the last quarter. State Street Corp boosted its position in Boot Barn by 3.6% during the first quarter. State Street Corp now owns 1,094,343 shares of the company’s stock worth $83,870,000 after acquiring an additional 38,093 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Boot Barn by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,070,951 shares of the company’s stock worth $82,075,000 after acquiring an additional 15,939 shares during the last quarter. Finally, Hood River Capital Management LLC raised its stake in 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 purchasing an additional 98,631 shares during the period.

Boot Barn Company Profile

(Get Rating)

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.