KeyCorp Comments on Boot Barn’s Q3 Earnings (NYSE:BOOT)

Boot Barn Holdings, Inc. (NYSE:BOOT) – KeyCorp lifted their Q3 2025 earnings estimates for Boot Barn in a research report issued on Wednesday, January 22nd. KeyCorp analyst A. Owens now anticipates that the company will post earnings of $2.43 per share for the quarter, up from their previous forecast of $1.99. KeyCorp has a “Overweight” rating and a $190.00 price objective 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.

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

BOOT has been the subject of a number of other reports. BTIG Research raised their price target on shares of Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 13th. Benchmark restated a “buy” rating and set a $192.00 price objective on shares of Boot Barn in a research note on Tuesday, October 29th. Robert W. Baird raised Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a research report on Wednesday, October 30th. Williams Trading reissued a “buy” rating and set a $173.00 price target on shares of Boot Barn in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Boot Barn from $181.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boot Barn has a consensus rating of “Buy” and a consensus target price of $173.00.

Boot Barn Stock Performance

Shares of NYSE:BOOT opened at $169.13 on Monday. The company has a market cap of $5.16 billion, a P/E ratio of 33.96, a PEG ratio of 1.48 and a beta of 2.10. Boot Barn has a one year low of $71.54 and a one year high of $170.77. The business’s 50-day simple moving average is $149.86 and its 200 day simple moving average is $145.27.

Institutional Investors Weigh In On Boot Barn

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Boot Barn by 1.0% during the third quarter. Geode Capital Management LLC now owns 676,277 shares of the company’s stock worth $113,150,000 after purchasing an additional 6,369 shares in the last quarter. Dale Q Rice Investment Management Ltd acquired a new position in shares of Boot Barn during the 4th quarter valued at $1,544,000. Algert Global LLC raised its stake in shares of Boot Barn by 653.9% in the 3rd quarter. Algert Global LLC now owns 23,001 shares of the company’s stock worth $3,848,000 after buying an additional 19,950 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Boot Barn in the third quarter valued at $3,343,000. Finally, Victory Capital Management Inc. boosted its stake in Boot Barn by 51.1% during the third quarter. Victory Capital Management Inc. now owns 14,362 shares of the company’s stock valued at $2,402,000 after buying an additional 4,856 shares in the last quarter.

Insider Buying and Selling at Boot Barn

In related news, CEO John Hazen sold 6,311 shares of the firm’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 directly owns 3,937 shares in the company, valued at $602,282.26. This trade represents a 61.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company 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.