Seaport Res Ptn Analysts Reduce Earnings Estimates for Boot Barn Holdings, Inc. (NYSE:BOOT)

Boot Barn Holdings, Inc. (NYSE:BOOT – Get Rating) – Analysts at Seaport Res Ptn dropped their FY2024 EPS estimates for shares of Boot Barn in a report issued on Thursday, January 26th. Seaport Res Ptn analyst M. Kummetz now anticipates that the company will post earnings of $6.47 per share for the year, down from their previous estimate of $6.55. The consensus estimate for Boot Barn’s current full-year earnings is $5.58 per share. Seaport Res Ptn also issued estimates for Boot Barn’s FY2025 earnings at $7.34 EPS.

A number of other analysts also recently weighed in on the stock. StockNews.com started coverage on shares of Boot Barn in a report on Wednesday, October 12th. They set a “sell” rating for the company. TheStreet lowered Boot Barn from a “b-” rating to a “c+” rating in a research report on Monday, October 31st. UBS Group boosted their price objective on Boot Barn from $69.00 to $75.00 in a research report on Thursday, January 19th. Citigroup reduced their price objective on Boot Barn from $99.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, October 27th. Finally, JPMorgan Chase & Co. lifted their target price on Boot Barn from $94.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and an average price target of $90.78.

Boot Barn Stock Performance

Shares of BOOT stock opened at $86.18 on Monday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.45 and a beta of 2.25. The company has a 50-day simple moving average of $66.33 and a 200 day simple moving average of $64.45. Boot Barn has a 52 week low of $50.20 and a 52 week high of $105.66.

Boot Barn (NYSE:BOOT – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The company reported $1.74 earnings per share for the quarter, hitting the consensus estimate of $1.74. The company had revenue of $514.55 million for the quarter, compared to analyst estimates of $514.44 million. Boot Barn had a net margin of 10.45% and a return on equity of 25.42%. Boot Barn’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.23 EPS.

Insiders Place Their Bets

In other Boot Barn news, CFO James M. Watkins bought 2,500 shares of Boot Barn stock in a transaction dated Wednesday, November 9th. The stock was bought at an average cost of $52.34 per share, with a total value of $130,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 11,730 shares in the company, valued at approximately $613,948.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Boot Barn

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of Boot Barn by 3.7% during the first quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $425,000 after purchasing an additional 161 shares in the last quarter. Taylor Frigon Capital Management LLC lifted its position in Boot Barn by 0.4% during the third quarter. Taylor Frigon Capital Management LLC now owns 55,148 shares of the company’s stock valued at $3,224,000 after buying an additional 217 shares during the period. Captrust Financial Advisors boosted its stake in Boot Barn by 14.7% during the second quarter. Captrust Financial Advisors now owns 1,767 shares of the company’s stock worth $122,000 after acquiring an additional 226 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Boot Barn by 9.9% in the first quarter. Mackenzie Financial Corp now owns 2,611 shares of the company’s stock worth $247,000 after buying an additional 235 shares in the last quarter. Finally, Rothschild Investment Corp IL lifted its stake in shares of Boot Barn by 4.7% in the fourth quarter. Rothschild Investment Corp IL now owns 6,476 shares of the company’s stock worth $405,000 after buying an additional 289 shares in the last quarter.