KeyCorp Comments on Boot Barn’s FY2026 Earnings (NYSE:BOOT)

Boot Barn Holdings, Inc. (NYSE:BOOT) – KeyCorp issued their FY2026 earnings estimates for Boot Barn in a note issued to investors on Wednesday, January 21st. KeyCorp analyst A. Owens forecasts that the company will post earnings per share of $7.35 for the year. The consensus estimate for Boot Barn’s current full-year earnings is $5.82 per share.

A number of other equities analysts also recently commented on the stock. BTIG Research upped their price objective on shares of Boot Barn from $226.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Piper Sandler boosted their target price on Boot Barn from $220.00 to $229.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. UBS Group increased their target price on Boot Barn from $248.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. lifted their price target on Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Seaport Research Partners lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

Boot Barn Trading Down 2.4%

Shares of BOOT stock opened at $184.00 on Monday. The company has a market capitalization of $5.61 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.61. The business’s 50 day moving average is $191.03 and its two-hundred day moving average is $181.78. Boot Barn has a twelve month low of $86.17 and a twelve month high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The firm had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. Boot Barn’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS.

Hedge Funds Weigh In On Boot Barn

Institutional investors and hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its stake in Boot Barn by 3.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 51,755 shares of the company’s stock valued at $7,867,000 after purchasing an additional 1,666 shares during the last quarter. Whittier Trust Co. grew its holdings in Boot Barn by 2.6% in the 2nd quarter. Whittier Trust Co. now owns 102,538 shares of the company’s stock valued at $15,586,000 after buying an additional 2,613 shares during the period. GatePass Capital LLC acquired a new position in shares of Boot Barn during the 3rd quarter valued at about $1,662,000. Truist Financial Corp purchased a new position in shares of Boot Barn during the 2nd quarter worth about $227,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Boot Barn in the second quarter worth approximately $239,000.

Insider Transactions at Boot Barn

In other news, Chairman Peter Starrett sold 6,498 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the sale, the chairman directly owned 9,599 shares in the company, valued at $1,823,810. This represents a 40.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gene Eddie Burt sold 1,200 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the sale, the director directly owned 3,338 shares in the company, valued at approximately $638,926.58. The trade was a 26.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.66% of the company’s stock.

Boot Barn Company Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.