Boot Barn (NYSE:BOOT) Given New $207.00 Price Target at Stephens

Boot Barn (NYSE:BOOT) had its target price lifted by Stephens from $196.00 to $207.00 in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ target price would suggest a potential upside of 26.70% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. UBS Group set a $225.00 price target on Boot Barn in a report on Wednesday, June 17th. Weiss Ratings upgraded Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Robert W. Baird set a $212.00 target price on shares of Boot Barn in a research report on Thursday, July 30th. Piper Sandler dropped their price target on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Finally, BTIG Research reduced their target price on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $219.55.

Boot Barn Trading Down 0.1%

BOOT opened at $163.38 on Monday. Boot Barn has a 12-month low of $133.18 and a 12-month high of $210.25. The firm has a 50 day moving average of $162.47 and a two-hundred day moving average of $166.81. The firm has a market capitalization of $4.95 billion, a PE ratio of 20.68, a P/E/G ratio of 1.05 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The business had revenue of $593.51 million for the quarter, compared to the consensus estimate of $583.15 million. During the same period in the prior year, the firm earned $1.74 EPS. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. As a group, analysts predict that Boot Barn will post 9.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BOOT. Los Angeles Capital Management LLC acquired a new stake in Boot Barn during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Boot Barn in the third quarter worth $49,000. Danske Bank A S increased its position in shares of 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 period. Hantz Financial Services Inc. increased its position in shares of 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 period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Boot Barn in the third quarter valued at $60,000.

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.