Robert W. Baird Issues Pessimistic Forecast for Boot Barn (NYSE:BOOT) Stock Price

Boot Barn (NYSE:BOOT) had its price target reduced by analysts at Robert W. Baird from $244.00 to $225.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 53.78% from the company’s current price.

Several other research firms have also weighed in on BOOT. Zacks Research lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Weiss Ratings lowered Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 4th. Stephens raised Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price on the stock in a report on Friday, February 6th. BTIG Research reiterated a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a research report on Friday. Finally, Citigroup reiterated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $233.27.

Boot Barn Trading Up 0.7%

Shares of BOOT opened at $146.31 on Friday. The firm’s 50-day moving average is $159.66 and its two-hundred day moving average is $179.24. Boot Barn has a twelve month low of $133.18 and a twelve month high of $210.25. The firm has a market capitalization of $4.45 billion, a P/E ratio of 20.55, a PEG ratio of 0.89 and a beta of 1.73.

Boot Barn (NYSE:BOOT) last issued its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.02. The company had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.23 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 earnings per share. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Analysts predict that Boot Barn will post 7.33 EPS for the current year.

Institutional Trading of Boot Barn

Large investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new stake in Boot Barn during the fourth quarter worth approximately $29,000. Parkside Financial Bank & Trust boosted its position in Boot Barn by 164.4% during the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after acquiring an additional 120 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Boot Barn during the third quarter worth approximately $49,000. Danske Bank A S boosted its position in Boot Barn by 200.0% during the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after acquiring an additional 200 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Boot Barn by 284.1% during the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after acquiring an additional 250 shares during the last quarter.

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.