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

Boot Barn Holdings, Inc. (NYSE:BOOT) has earned a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $198.00.

BOOT has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on Boot Barn in a report on Thursday, December 11th. They issued a “buy” rating and a $225.00 price objective for the company. Piper Sandler reiterated an “overweight” rating and issued a $220.00 price target (up previously from $218.00) on shares of Boot Barn in a research report on Thursday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Seaport Res Ptn lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, UBS Group upped their target price on shares of Boot Barn from $241.00 to $248.00 and gave the company a “buy” rating in a report on Thursday, October 30th.

Insider Activity

In related news, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction that occurred 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 $1,823,810. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gene Eddie Burt sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $191.41, for a total value of $229,692.00. Following the sale, the director directly owned 3,338 shares in the company, valued at $638,926.58. This trade represents a 26.44% decrease in their position. The SEC filing for this sale provides additional information. 0.66% of the stock is owned by insiders.

Institutional Trading of Boot Barn

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOOT. Tudor Investment Corp ET AL increased its stake in Boot Barn by 18.5% in the third quarter. Tudor Investment Corp ET AL now owns 37,717 shares of the company’s stock valued at $6,250,000 after purchasing an additional 5,890 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new stake in Boot Barn in the 3rd quarter worth about $231,000. CIBC Bancorp USA Inc. purchased a new stake in Boot Barn in the 3rd quarter valued at about $544,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Boot Barn during the 3rd quarter valued at about $49,000. Finally, Hancock Whitney Corp increased its stake in shares of Boot Barn by 20.1% during the 3rd quarter. Hancock Whitney Corp now owns 3,698 shares of the company’s stock valued at $613,000 after acquiring an additional 619 shares during the last quarter.

Boot Barn Price Performance

NYSE:BOOT opened at $186.38 on Friday. The firm has a market cap of $5.68 billion, a PE ratio of 27.57, a price-to-earnings-growth ratio of 1.51 and a beta of 1.59. The company has a 50-day moving average of $190.69 and a 200 day moving average of $177.59. Boot Barn has a 1-year low of $86.17 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The business had revenue of $505.40 million for the quarter, compared to analyst estimates of $493.70 million. During the same period last year, the business earned $0.95 EPS. The company’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 and its FY 2026 guidance at 6.750-7.150 EPS. Sell-side analysts anticipate that Boot Barn will post 5.82 EPS for the current fiscal year.

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.