William Blair Raises Boot Barn Earnings Forecast for FY2026

Research analysts at William Blair have increased their earnings estimates for Boot Barn Holdings, Inc. for the fiscal year 2026. In a report issued on October 30, 2023, analyst D. Carden raised the forecast from $6.30 to $6.97 per share. This adjustment comes in light of Boot Barn’s recent performance, which exceeded analysts’ expectations.

In the same report, William Blair predicted that Boot Barn would report earnings of $1.32 per share for the fourth quarter of 2026 and $1.54 for the fourth quarter of 2027. Additionally, the firm anticipates earnings of $7.63 per share for the entire fiscal year 2027. This optimism contrasts with the current consensus estimate, which stands at $5.82 per share for the full year.

Recent Quarterly Performance

Boot Barn recently disclosed its quarterly earnings on October 29, 2023. The company reported earnings of $1.37 per share, surpassing the consensus estimate of $1.26 by $0.11. Boot Barn’s revenue for the quarter reached $505.40 million, well above analysts’ expectations of $493.70 million. This represents a year-over-year revenue increase of 18.7%.

The company also noted a net margin of 10.05% and a return on equity of 18.41%. Last year, during the same quarter, Boot Barn had reported earnings of $0.95 per share. For the upcoming third quarter of 2026, Boot Barn has set guidance between $2.470 and $2.590 per share, with fiscal year 2026 guidance ranging from $6.750 to $7.150 per share.

Market Activity and Insider Transactions

On November 3, 2023, Boot Barn’s stock opened at $185.17, reflecting a decline of 3.1%. The stock’s performance has been notable, with a 50-day moving average price of $180.33 and a 200-day moving average price of $163.51. Over the past year, Boot Barn’s stock has fluctuated between a low of $86.17 and a high of $205.31. The current market capitalization stands at $5.66 billion, with a price-to-earnings (P/E) ratio of 27.39 and a price-to-earnings-growth (PEG) ratio of 1.94.

In related news, Peter Starrett, the chairman of Boot Barn, sold 6,498 shares of the company’s stock for approximately $1,234,620.00 at an average price of $190.00 per share. Following this transaction, Starrett retains ownership of 9,599 shares, valued at about $1,823,810. This sale marks a decrease of 40.37% in his ownership of the stock. The transaction has been reported to the Securities and Exchange Commission.

Insider ownership accounts for 0.66% of Boot Barn’s stock. Meanwhile, institutional investors have been active, with several large firms adjusting their holdings. ORG Partners LLC acquired a new position worth approximately $25,000 in Boot Barn during the third quarter. Additionally, Bessemer Group Inc. increased its stake by 134.2%, now holding 185 shares valued at around $28,000.

Other notable movements include Parkside Financial Bank & Trust, which raised its position by 164.4% to own 193 shares valued at approximately $32,000, and Maseco LLP, which acquired a new stake worth about $40,000. Finally, Salomon & Ludwin LLC also entered the market with a new investment valued at approximately $42,000.

Boot Barn Holdings, Inc. operates a chain of specialty retail stores in the United States, focusing on western and work-related footwear, apparel, and accessories for men, women, and children. The company offers a diverse range of products, including boots, shirts, jackets, hats, belts, handbags, and flame-resistant clothing, catering to a unique lifestyle market.