Q1 Earnings Forecast for Boot Barn Issued By William Blair

Boot Barn Holdings, Inc. (NYSE:BOOT) – Research analysts at William Blair reduced their Q1 2026 earnings per share estimates for Boot Barn in a report released on Thursday, May 15th. William Blair analyst D. Carden now expects that the company will post earnings of $1.48 per share for the quarter, down from their previous forecast of $1.55. The consensus estimate for Boot Barn’s current full-year earnings is $5.82 per share. William Blair also issued estimates for Boot Barn’s Q2 2026 earnings at $1.15 EPS, Q1 2027 earnings at $1.71 EPS and Q2 2027 earnings at $1.37 EPS.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.02). Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. The firm had revenue of $453.75 million for the quarter, compared to the consensus estimate of $458.56 million.

BOOT has been the topic of several other reports. UBS Group upped their price objective on Boot Barn from $156.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on Boot Barn from $209.00 to $196.00 and set an “overweight” rating on the stock in a research note on Thursday. Piper Sandler upped their price objective on Boot Barn from $162.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday. Craig Hallum upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Wednesday, April 23rd. Finally, Citigroup upped their price objective on Boot Barn from $137.00 to $180.00 and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.62.

Boot Barn Stock Up 1.3%

Shares of BOOT opened at $156.99 on Friday. Boot Barn has a 12-month low of $86.17 and a 12-month high of $176.64. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 1.17 and a beta of 1.59. The stock’s 50-day moving average price is $107.05 and its 200 day moving average price is $130.02.

Boot Barn declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Boot Barn

A number of institutional investors and hedge funds have recently bought and sold shares of BOOT. Miracle Mile Advisors LLC acquired a new position in Boot Barn in the fourth quarter worth $322,000. Park Avenue Securities LLC lifted its stake in shares of Boot Barn by 26.7% during the fourth quarter. Park Avenue Securities LLC now owns 1,858 shares of the company’s stock valued at $282,000 after acquiring an additional 391 shares during the period. Artemis Investment Management LLP acquired a new position in shares of Boot Barn during the fourth quarter valued at $36,361,000. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of Boot Barn by 85.7% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 13,000 shares of the company’s stock valued at $1,974,000 after acquiring an additional 6,000 shares during the period. Finally, 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 valued at $26,000 after acquiring an additional 143 shares during the period.

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.