Boot Barn Holdings, Inc. (NYSE:BOOT) Given Consensus Rating of “Buy” by Brokerages

Boot Barn Holdings, Inc. (NYSE:BOOT) has been assigned a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $219.5455.

Several research analysts have commented on the stock. Citigroup restated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Bank of America reduced their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. BTIG Research decreased their price target on Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings raised Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Finally, Robert W. Baird set a $212.00 price objective on Boot Barn in a research report on Thursday, July 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its position in Boot Barn by 361.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock worth $7,091,000 after purchasing an additional 37,951 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Boot Barn by 11.4% during the fourth quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock worth $69,370,000 after buying an additional 40,282 shares during the last quarter. UBS Group AG grew its stake in shares of Boot Barn by 16.4% during the fourth quarter. UBS Group AG now owns 172,380 shares of the company’s stock worth $30,420,000 after buying an additional 24,229 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Boot Barn during the fourth quarter worth $2,644,000. Finally, Fifth Third Bancorp increased its holdings in shares of Boot Barn by 15,768.5% during the first quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock worth $5,017,000 after buying an additional 34,060 shares in the last quarter.

Boot Barn Stock Up 0.7%

BOOT stock opened at $163.60 on Monday. Boot Barn has a 12 month low of $133.18 and a 12 month high of $210.25. The firm has a market cap of $4.95 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.05 and a beta of 1.71. The company’s 50-day moving average price is $161.90 and its two-hundred day moving average price is $166.03.

Boot Barn (NYSE:BOOT) last issued its earnings results 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 company had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. During the same period in the previous year, the company earned $1.74 EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. 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. Equities analysts predict that Boot Barn will post 9.18 EPS for the current year.

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.