KeyCorp Has Optimistic Outlook of Boot Barn Q3 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Research analysts at KeyCorp upped their Q3 2025 earnings estimates for Boot Barn in a report released on Wednesday, January 22nd. KeyCorp analyst A. Owens now forecasts that the company will earn $2.43 per share for the quarter, up from their prior estimate of $1.99. KeyCorp has a “Overweight” rating and a $190.00 price target on the stock. The consensus estimate for Boot Barn’s current full-year earnings is $5.80 per share. KeyCorp also issued estimates for Boot Barn’s FY2025 earnings at $5.80 EPS and FY2026 earnings at $6.83 EPS.

Other research analysts have also recently issued research reports about the stock. Baird R W raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Robert W. Baird upgraded Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 price objective on the stock in a research note on Wednesday, October 30th. UBS Group upgraded shares of Boot Barn from a “neutral” rating to a “buy” rating and raised their price objective for the company from $155.00 to $210.00 in a report on Friday, January 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $179.00 price target on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Citigroup dropped their price objective on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $173.00.

Boot Barn Trading Up 2.9 %

NYSE:BOOT opened at $173.31 on Monday. Boot Barn has a twelve month low of $71.54 and a twelve month high of $173.97. The company has a market cap of $5.29 billion, a P/E ratio of 34.80, a P/E/G ratio of 1.48 and a beta of 2.10. The company’s 50-day moving average price is $151.35 and its 200-day moving average price is $145.89.

Boot Barn (NYSE:BOOT) last announced its earnings results on Monday, October 28th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $425.80 million during the quarter, compared to analysts’ expectations of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share.

Institutional Investors Weigh In On Boot Barn

Several hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in Boot Barn during the second quarter worth approximately $64,000. Profund Advisors LLC acquired a new stake in shares of Boot Barn during the second quarter worth $206,000. Xponance Inc. acquired a new stake in shares of Boot Barn during the 2nd quarter worth approximately $242,000. Mackenzie Financial Corp acquired a new position in Boot Barn during the 2nd quarter valued at about $238,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Boot Barn during the second quarter valued at $1,395,000.

Insider Buying and Selling at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total value of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

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.