Boot Barn Holdings, Inc. (NYSE:BOOT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $182.5385.

BOOT has been the subject of a number of recent analyst reports. BTIG Research raised their target price on Boot Barn from $200.00 to $218.00 and gave the company a “buy” rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on Boot Barn from $207.00 to $247.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Citigroup boosted their target price on shares of Boot Barn from $137.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Piper Sandler lifted their price target on Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, UBS Group boosted their target price on Boot Barn from $156.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, May 15th.

Boot Barn Price Performance

NYSE:BOOT opened at $173.5020 on Monday. The firm’s fifty day moving average price is $166.49 and its 200 day moving average price is $138.31. Boot Barn has a 1-year low of $86.17 and a 1-year high of $183.60. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 1.76 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The firm had revenue of $504.07 million for the quarter, compared to analyst estimates of $489.49 million. During the same period last year, the firm posted $1.26 EPS. Boot Barn’s quarterly revenue was up 19.1% on a year-over-year basis. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. As a group, analysts expect that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Boot Barn declared that its board has approved a stock repurchase program on Wednesday, May 14th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently bought and sold shares of BOOT. Oppenheimer Asset Management Inc. raised its position in shares of Boot Barn by 29.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,731 shares of the company’s stock valued at $1,583,000 after purchasing an additional 3,341 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Boot Barn during the 1st quarter valued at approximately $916,000. KBC Group NV raised its position in shares of Boot Barn by 21.8% during the 1st quarter. KBC Group NV now owns 1,489 shares of the company’s stock valued at $160,000 after acquiring an additional 267 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Boot Barn by 8,368.8% during the 1st quarter. GAMMA Investing LLC now owns 42,005 shares of the company’s stock valued at $4,513,000 after acquiring an additional 41,509 shares in the last quarter. Finally, Artemis Investment Management LLP raised its position in shares of Boot Barn by 206.5% during the 1st quarter. Artemis Investment Management LLP now owns 734,023 shares of the company’s stock valued at $78,856,000 after acquiring an additional 494,523 shares in the last quarter.

Boot Barn Company Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.