Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $230.83 Average PT from Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $230.8333.

Several equities research analysts recently commented on BOOT shares. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Bank of America dropped 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. Jefferies Financial Group raised Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Monday, April 6th. Finally, Robert W. Baird dropped their target price on Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, May 15th.

Boot Barn Trading Down 0.2%

Shares of NYSE:BOOT opened at $170.38 on Wednesday. The firm’s 50 day moving average is $156.30 and its two-hundred day moving average is $176.58. Boot Barn has a 52 week low of $133.18 and a 52 week high of $210.25. The firm has a market capitalization of $5.17 billion, a P/E ratio of 23.18, a PEG ratio of 1.20 and a beta of 1.73.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The company had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.44 million. During the same quarter last year, the business earned $1.22 earnings per share. Boot Barn’s revenue was up 18.7% compared to the same quarter last year. 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. Analysts predict that Boot Barn will post 8.54 EPS for the current year.

Institutional Investors Weigh In On Boot Barn

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in Boot Barn by 83.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after buying an additional 502,275 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Boot Barn by 2,547.7% in the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after buying an additional 453,396 shares during the last quarter. Bank of America Corp DE grew its position in Boot Barn by 114.6% in the first 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. Invesco Ltd. grew its position in Boot Barn by 46.3% in the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after buying an additional 290,493 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Boot Barn by 132.4% in the third quarter. Principal Financial Group Inc. now owns 352,816 shares of the company’s stock worth $58,469,000 after buying an additional 201,026 shares during the last quarter.

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.