Boot Barn (NYSE:BOOT) Hits New 52-Week Low – Time to Sell?

Boot Barn Holdings, Inc. (NYSE:BOOT) reached a new 52-week low during trading on Wednesday . The company traded as low as $126.80 and last traded at $128.4980, with a volume of 1892753 shares. The stock had previously closed at $142.84.

More Boot Barn News

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Raised quarterly outlook: Boot Barn issued second-quarter fiscal 2027 EPS guidance of $1.65, above the $1.62 analyst consensus, while revenue guidance of approximately $582 million was slightly ahead of the $581.8 million estimate. The better-than-expected outlook may support the stock by signaling resilient demand and earnings execution.
• Positive Sentiment: Analyst remains bullish: BTIG Research reiterated its Buy rating on Boot Barn, providing continued Wall Street support. BTIG Research Reiterates Buy Rating for Boot Barn
• Positive Sentiment: Digital sales momentum: Boot Barn’s e-commerce growth, store-based fulfillment and expansion are reportedly helping comparable-sales performance, potentially improving growth without relying solely on new stores. Boot Barn’s E-Commerce Strength Boosts Comparable Sales Growth
• Positive Sentiment: Industrial demand opportunity: Coverage highlights potential benefits from data-center construction and broader AI-related infrastructure investment, which may increase demand for work boots and related apparel. The Data Center Construction Boom Is Benefiting Boot Barn
• Neutral Sentiment: Boot Barn was included among analysts’ preferred consumer-cyclical picks, while a broader industry outlook also featured the company. These mentions reinforce visibility but do not provide a material new forecast. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Recent price weakness: Boot Barn recently reached a new one-year low, indicating continued selling pressure despite the company’s operating catalysts. Boot Barn Hits New 1-Year Low

Wall Street Analyst Weigh In

BOOT has been the subject of several research reports. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. UBS Group set a $225.00 target price on shares of Boot Barn in a research report on Wednesday, June 17th. Robert W. Baird set a $212.00 price target on shares of Boot Barn in a research note on Thursday, July 30th. Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Finally, Stephens increased their price objective on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $219.55.

Boot Barn Price Performance

The firm has a fifty day moving average of $154.04 and a two-hundred day moving average of $159.26. The stock has a market capitalization of $3.73 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.79 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.60. The company had revenue of $593.51 million for the quarter, compared to analysts’ expectations of $583.15 million. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.74 EPS. 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, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Boot Barn

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Boot Barn in the second quarter worth about $840,629,000. Wellington Management Group LLP boosted its holdings in shares of Boot Barn by 12.2% in the 2nd quarter. Wellington Management Group LLP now owns 773,749 shares of the company’s stock valued at $127,104,000 after buying an additional 84,250 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Boot Barn by 38.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock valued at $127,642,000 after buying an additional 200,971 shares in the last quarter. Bank of America Corp DE grew its position in shares of Boot Barn by 114.6% in the 1st quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock worth $95,921,000 after buying an additional 349,985 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Boot Barn by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 645,342 shares of the company’s stock worth $94,440,000 after buying an additional 9,816 shares during the last quarter.

About Boot Barn

Boot Barn Holdings, Inc is a specialty retailer focused on Western and workwear products. The company sells a broad selection of footwear, clothing, accessories and related merchandise designed for customers interested in Western lifestyles, outdoor activities and occupational work.

Its product offerings include cowboy boots, work boots, jeans, shirts, jackets, hats, belts, jewelry and safety equipment. Boot Barn carries recognized third-party brands such as Ariat, Justin, Wrangler and Carhartt, along with private-label brands including Cody James, Shyanne, Hawx and Moonshine Spirit.

Founded in 1978 in Orange County, California, Boot Barn has expanded from a single store into a multichannel retailer operating physical stores and an e-commerce platform.