Boot Barn Holdings, Inc. (NYSE:BOOT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Boot Barn Holdings, Inc. (NYSE:BOOT) has received a consensus recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $195.75.

BOOT has been the subject of several recent research reports. UBS Group boosted their target price on shares of Boot Barn from $241.00 to $248.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. Cowen restated a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. Finally, KeyCorp upped their target price on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 1st.

Insiders Place Their Bets

In other Boot Barn news, Chairman Peter Starrett sold 6,498 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the sale, the chairman directly owned 9,599 shares in the company, valued at approximately $1,823,810. This trade represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.66% of the stock is owned by corporate insiders.

Institutional Trading of Boot Barn

A number of large investors have recently modified their holdings of BOOT. Campbell Newman Asset Management Inc. lifted its position in Boot Barn by 0.5% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock valued at $2,145,000 after purchasing an additional 60 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Boot Barn by 2.4% during the third quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock valued at $468,000 after buying an additional 66 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Boot Barn by 3.4% during the second quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company’s stock valued at $345,000 after buying an additional 74 shares during the last quarter. Amalgamated Bank boosted its position in shares of Boot Barn by 0.9% during the third quarter. Amalgamated Bank now owns 8,755 shares of the company’s stock worth $1,451,000 after buying an additional 79 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Boot Barn by 9.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 928 shares of the company’s stock worth $154,000 after buying an additional 80 shares in the last quarter.

Boot Barn Stock Up 2.2%

Shares of Boot Barn stock opened at $186.75 on Friday. The business has a 50-day moving average price of $180.84 and a 200 day moving average price of $164.49. Boot Barn has a fifty-two week low of $86.17 and a fifty-two week high of $205.31. The firm has a market cap of $5.71 billion, a P/E ratio of 27.63, a P/E/G ratio of 1.94 and a beta of 1.67.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.26 by $0.11. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.The company had revenue of $505.40 million during the quarter, compared to analyst estimates of $493.70 million. During the same quarter last year, the firm earned $0.95 EPS. The business’s revenue was up 18.7% on a year-over-year basis. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. As a group, equities research analysts anticipate that Boot Barn will post 5.82 earnings per share for the current year.

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.