William Blair Has Bearish Forecast for Boot Barn Q3 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Research analysts at William Blair reduced their Q3 2025 earnings per share (EPS) estimates for shares of Boot Barn in a report released on Tuesday, October 29th. William Blair analyst D. Carden now expects that the company will post earnings of $2.02 per share for the quarter, down from their previous estimate of $2.14. The consensus estimate for Boot Barn’s current full-year earnings is $5.29 per share. William Blair also issued estimates for Boot Barn’s FY2025 earnings at $5.41 EPS, Q2 2026 earnings at $1.14 EPS, Q3 2026 earnings at $2.42 EPS and FY2026 earnings at $6.49 EPS.

A number of other analysts also recently commented on BOOT. Robert W. Baird upgraded 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. Craig Hallum lowered shares of Boot Barn from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $154.00 to $162.00 in a research report on Friday, October 25th. BTIG Research raised their target price on shares of Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday. Benchmark reiterated a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a research report on Tuesday. Finally, Baird R W raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boot Barn has a consensus rating of “Moderate Buy” and a consensus target price of $164.55.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $124.54 on Thursday. Boot Barn has a 12 month low of $66.73 and a 12 month high of $169.83. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 25.94 and a beta of 2.12. The business’s 50 day simple moving average is $154.30 and its 200-day simple moving average is $132.35.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Monday, October 28th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.89% and a return on equity of 16.44%. The firm had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The firm’s revenue was up 13.7% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Portside Wealth Group LLC acquired a new stake in Boot Barn during the third quarter worth about $383,000. James Investment Research Inc. increased its position in Boot Barn by 10.4% during the 3rd quarter. James Investment Research Inc. now owns 12,274 shares of the company’s stock worth $2,053,000 after purchasing an additional 1,153 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Boot Barn during the 3rd quarter worth approximately $408,000. GHP Investment Advisors Inc. purchased a new position in Boot Barn in the third quarter valued at approximately $25,000. Finally, Trust Point Inc. lifted its position in Boot Barn by 0.8% during the third quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after buying an additional 71 shares in the last quarter.

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.