Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $226.92 Average PT from Analysts

Boot Barn Holdings, Inc. (NYSE:BOOT) has been given an average rating of “Moderate Buy” by the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $226.9167.

Several equities analysts have issued reports on the company. TD Cowen reissued a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Piper Sandler reduced their price objective on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Robert W. Baird lowered their price objective on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Finally, Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research note on Monday, April 6th.

Hedge Funds Weigh In On Boot Barn

Institutional investors and hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in Boot Barn in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd bought a new position in Boot Barn in the third quarter worth approximately $49,000. Danske Bank A S boosted its holdings in Boot Barn by 200.0% in 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 in the last quarter. Hantz Financial Services Inc. grew its stake in Boot Barn by 284.1% in the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after acquiring an additional 250 shares during the period. Finally, Global Retirement Partners LLC grew its stake in Boot Barn by 702.3% in the fourth quarter. Global Retirement Partners LLC now owns 353 shares of the company’s stock valued at $62,000 after acquiring an additional 309 shares during the period.

Boot Barn Trading Down 2.0%

Shares of Boot Barn stock opened at $149.41 on Thursday. The business has a 50-day moving average price of $161.73 and a two-hundred day moving average price of $170.24. Boot Barn has a 1-year low of $133.18 and a 1-year high of $210.25. The company has a market cap of $4.53 billion, a P/E ratio of 20.33, a PEG ratio of 1.07 and a beta of 1.69.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data 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. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The firm had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.43 million. During the same period last year, the company posted $1.22 EPS. The business’s quarterly revenue was up 18.7% on a year-over-year basis. 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. Equities research analysts forecast that Boot Barn will post 8.56 EPS for the current fiscal year.

About Boot Barn

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.