Boot Barn (NYSE:BOOT) Stock Gets Price Target Trim from Robert W. Baird

Boot Barn (NYSE:BOOT) had its price objective dropped by research analysts at Robert W. Baird from $160.00 to $145.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird‘s price objective indicates a potential upside of 27.95% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Craig Hallum decreased their price objective on shares of Boot Barn from $235.00 to $224.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Citigroup lowered their target price on shares of Boot Barn from $205.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Stephens increased their price target on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, TD Cowen restated a “buy” rating on shares of Boot Barn in a research note on Thursday. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and a consensus target price of $203.62.

Boot Barn Stock Performance

NYSE BOOT opened at $113.32 on Thursday. The firm’s 50 day moving average price is $132.49 and its two-hundred day moving average price is $159.01. Boot Barn has a twelve month low of $110.53 and a twelve month high of $210.25. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.74 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The company had revenue of $581.81 million during the quarter, compared to the consensus estimate of $580.80 million. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. On average, research analysts forecast that Boot Barn will post 9.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Boot Barn

Institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC raised its stake in shares of Boot Barn by 85.8% in the third quarter. CoreCap Advisors LLC now owns 223 shares of the company’s stock valued at $27,000 after acquiring an additional 103 shares during the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in Boot Barn in the third quarter valued at approximately $27,000. Signaturefd LLC grew its holdings in Boot Barn by 183.3% during the 3rd quarter. Signaturefd LLC now owns 255 shares of the company’s stock worth $31,000 after acquiring an additional 165 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Boot Barn during the 2nd quarter valued at $33,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Boot Barn by 94.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 315 shares of the company’s stock valued at $38,000 after purchasing an additional 153 shares during the period.

Trending Headlines about Boot Barn

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

• Positive Sentiment: Boot Barn earned $1.73 per diluted share, exceeding the $1.63 analyst consensus and rising 26.3% from $1.37 a year earlier. Revenue increased 15.1% year over year to $581.8 million, slightly above expectations. Boot Barn Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and cash generation improved: gross profit rose 17.6% to $216.5 million, operating profit reached $70.2 million, and operating cash flow grew 55% to $39.9 million. These results suggest the company is benefiting from sales growth and operating leverage. Boot Barn Q2 2027 Earnings
• Positive Sentiment: The board authorized an additional $400 million for share repurchases, which could support per-share earnings and signal management’s confidence in the valuation after the stock’s recent decline. Boot Barn Announces Q2 Results and Repurchase Authorization
• Neutral Sentiment: Management’s earnings call focused investor attention on store expansion, workwear demand, margins and the company’s updated fiscal-year plans. The market is weighing strong current performance against more cautious forward expectations. Boot Barn Q2 2027 Earnings Call Transcript
• Negative Sentiment: Boot Barn cut its fiscal-year outlook despite the quarterly beat. Lower projected revenue or earnings increases uncertainty over the pace of demand and likely explains why investors remain cautious. Boot Barn Cuts Fiscal-Year Outlook

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.