Boot Barn Holdings, Inc. (NYSE:BOOT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $217.00.

Several equities research analysts recently commented on the stock. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. The Goldman Sachs Group started coverage on Boot Barn in a report on Thursday, December 11th. They set a “buy” rating and a $225.00 price objective on the stock. BTIG Research reiterated a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research report on Thursday, February 5th. UBS Group boosted their target price on Boot Barn from $265.00 to $267.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Weiss Ratings cut Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 4th.

Boot Barn Stock Up 2.4%

Shares of Boot Barn stock opened at $160.39 on Friday. Boot Barn has a 52 week low of $86.17 and a 52 week high of $210.25. The firm’s 50 day moving average is $186.48 and its two-hundred day moving average is $185.35. The firm has a market capitalization of $4.88 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.11 and a beta of 1.66.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, hitting the consensus estimate of $2.79. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The business had revenue of $705.64 million during the quarter, compared to the consensus estimate of $700.71 million. During the same quarter in the previous year, the firm earned $2.43 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. As a group, research analysts expect that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boot Barn

Several large investors have recently modified their holdings of BOOT. ORG Partners LLC acquired a new position in shares of Boot Barn in the 3rd quarter valued at $25,000. Los Angeles Capital Management LLC purchased a new stake in Boot Barn in the 4th quarter valued at $29,000. Parkside Financial Bank & Trust boosted its stake in Boot Barn by 164.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after purchasing an additional 120 shares during the period. Salomon & Ludwin LLC acquired a new stake in Boot Barn during the 3rd quarter worth $42,000. Finally, Independence Bank of Kentucky purchased a new position in Boot Barn during the 3rd quarter worth $46,000.

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.