Boot Barn (NYSE:BOOT) Issues Q2 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.81-0.87 for the period, compared to the consensus EPS estimate of $0.94. The company issued revenue guidance of $405-412 million, compared to the consensus revenue estimate of $406.26 million. Boot Barn also updated its FY25 guidance to $5.05-5.35 EPS.

Boot Barn Price Performance

Shares of BOOT stock traded down $1.86 during mid-day trading on Wednesday, hitting $115.70. The stock had a trading volume of 963,759 shares, compared to its average volume of 810,069. The firm has a market cap of $3.53 billion, a PE ratio of 24.50 and a beta of 2.09. The company’s 50-day simple moving average is $126.32 and its 200-day simple moving average is $105.73. Boot Barn has a fifty-two week low of $66.73 and a fifty-two week high of $137.48.

Boot Barn (NYSE:BOOT) last released its earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. The company had revenue of $388.46 million for the quarter, compared to analysts’ expectations of $383.67 million. Boot Barn had a return on equity of 16.84% and a net margin of 8.82%. On average, analysts expect that Boot Barn will post 5.03 EPS for the current year.

Analysts Set New Price Targets

BOOT has been the topic of several research reports. Piper Sandler increased their price target on shares of Boot Barn from $94.00 to $110.00 and gave the company an overweight rating in a research report on Tuesday, April 16th. Craig Hallum boosted their target price on Boot Barn from $120.00 to $150.00 and gave the stock a buy rating in a report on Wednesday, June 5th. TD Cowen boosted their price target on Boot Barn from $120.00 to $145.00 and gave the stock a buy rating in a research report on Wednesday, June 5th. Benchmark restated a buy rating and set a $140.00 price objective on shares of Boot Barn in a research note on Tuesday. Finally, Robert W. Baird upped their target price on Boot Barn from $100.00 to $132.00 and gave the company a neutral rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $132.09.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, insider Michael A. Love sold 5,653 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $113.61, for a total value of $642,237.33. Following the sale, the insider now directly owns 2,327 shares in the company, valued at approximately $264,370.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Brenda I. Morris sold 1,500 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $110.11, for a total value of $165,165.00. Following the transaction, the director now owns 4,546 shares of the company’s stock, valued at approximately $500,560.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael A. Love sold 5,653 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $113.61, for a total value of $642,237.33. Following the completion of the transaction, the insider now directly owns 2,327 shares of the company’s stock, valued at $264,370.47. The disclosure for this sale can be found here. Insiders have sold a total of 11,795 shares of company stock worth $1,329,686 over the last three months. Corporate insiders own 2.20% of the company’s stock.

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.