Boot Barn (NYSE:BOOT) Given “Buy” Rating at BTIG Research

BTIG Research reissued their buy rating on shares of Boot Barn (NYSE:BOOT) in a research note released on Thursday,Benzinga reports. BTIG Research currently has a $235.00 price target on the stock.

Several other research firms have also weighed in on BOOT. Piper Sandler increased their price target on shares of Boot Barn from $229.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday. The Goldman Sachs Group initiated coverage on shares of Boot Barn in a research report on Thursday, December 11th. They set a “buy” rating and a $225.00 target price for the company. TD Cowen reaffirmed a “buy” rating on shares of Boot Barn in a report on Thursday, October 30th. Citigroup increased their price objective on Boot Barn from $225.00 to $230.00 and gave the company a “buy” rating in a report on Friday, January 16th. Finally, Seaport Research Partners downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.31.

Boot Barn Stock Performance

Shares of BOOT stock opened at $189.13 on Thursday. Boot Barn has a 52-week low of $86.17 and a 52-week high of $210.25. The company has a 50-day simple moving average of $190.56 and a two-hundred day simple moving average of $182.29. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.36 and a beta of 1.67.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, meeting analysts’ consensus estimates of $2.79. The company had revenue of $705.64 million during the quarter, compared to the consensus estimate of $700.71 million. Boot Barn had a return on equity of 18.73% and a net margin of 10.10%.Boot Barn’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $2.43 earnings per share. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. On average, sell-side analysts forecast that Boot Barn will post 5.82 EPS for the current fiscal year.

Insider Activity at Boot Barn

In other news, Director Gene Eddie Burt sold 1,200 shares of Boot Barn stock in a transaction 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 completion of the transaction, the director directly owned 3,338 shares in the company, valued at approximately $638,926.58. The trade was a 26.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new stake in shares of Boot Barn in the third quarter worth about $25,000. Bessemer Group Inc. grew its stake in Boot Barn by 134.2% during the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after acquiring an additional 106 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Boot Barn by 164.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after acquiring an additional 120 shares during the period. Salomon & Ludwin LLC purchased a new stake in Boot Barn in the 3rd quarter worth approximately $42,000. Finally, Independence Bank of Kentucky bought a new position in Boot Barn in the 3rd quarter valued at $46,000.

Boot Barn News Roundup

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

• Positive Sentiment: Q3 results showed healthy demand — Net sales rose 16% to $705.6M and same‑store sales increased 5.7%, with retail and e‑commerce gains driving the improvement. Management highlighted holiday strength as a key driver. Business Wire: Q3 Results
• Positive Sentiment: Company raised FY‑2026 and Q4 guidance — Boot Barn updated FY EPS to $7.25–7.35 and revenue to $2.2B–$2.3B, and set Q4 EPS at $1.35–1.45, reflecting management’s confidence in continued demand and margin initiatives. MSN: Guidance Raise
• Positive Sentiment: Analysts reacted with bullish moves — BTIG reaffirmed a Buy and set a $235 price target, and Zacks upgraded Boot Barn to “Strong‑Buy,” adding third‑party momentum behind the stock. Benzinga: BTIG Rating Zacks: Upgrade
• Neutral Sentiment: EPS matched expectations — Reported EPS of $2.79 was in line with consensus, so the beat was primarily on revenue/organic growth rather than surprise upside to profitability. Zacks: EPS Meet
• Neutral Sentiment: Full conference materials and transcripts are available — Investors can review the earnings slide deck and call transcript for color on inventory, margin levers and store rollout plans. Seeking Alpha: Transcript
• Negative Sentiment: Valuation and positioning risk — BOOT trades at a premium (P/E ~26.6) with a relatively high beta, and it’s trading nearer its 52‑week high, which could limit near‑term upside if growth slows or guidance disappoints. MarketBeat: Valuation & Technicals

About Boot Barn

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.