Boot Barn (NYSE:BOOT) Trading 6.4% Higher After Analyst Upgrade

Boot Barn Holdings, Inc. (NYSE:BOOT)’s share price traded up 6.4% during mid-day trading on Monday after Jefferies Financial Group upgraded the stock from a hold rating to a buy rating. Jefferies Financial Group now has a $195.00 price target on the stock. Boot Barn traded as high as $142.15 and last traded at $143.7690. 271,706 shares traded hands during trading, a decline of 60% from the average session volume of 680,420 shares. The stock had previously closed at $135.16.

BOOT has been the subject of several other reports. UBS Group lifted their target price on shares of Boot Barn from $265.00 to $267.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Weiss Ratings lowered shares of Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 4th. Piper Sandler lifted their target price on shares of Boot Barn from $229.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Citigroup boosted their price objective on shares of Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Stephens upgraded shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective for the company in a report on Friday, February 6th. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.00.

Institutional Investors Weigh In On Boot Barn

Hedge funds have recently made changes to their positions in the business. ORG Partners LLC bought a new stake in shares of Boot Barn in the 3rd quarter worth approximately $25,000. Los Angeles Capital Management LLC bought a new stake in shares of Boot Barn in the 4th quarter worth approximately $29,000. Parkside Financial Bank & Trust lifted its holdings in shares of Boot Barn by 164.4% in 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 last quarter. Salomon & Ludwin LLC bought a new stake in shares of Boot Barn in the 3rd quarter worth approximately $42,000. Finally, Independence Bank of Kentucky bought a new stake in shares of Boot Barn in the 3rd quarter worth approximately $46,000.

Boot Barn Trading Up 10.0%

The stock has a market capitalization of $4.52 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 0.82 and a beta of 1.75. The stock’s fifty day moving average price is $174.97 and its two-hundred day moving average price is $182.19.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, meeting analysts’ consensus estimates of $2.79. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The company had revenue of $705.64 million during the quarter, compared to analyst estimates of $700.71 million. During the same period in the prior year, the business posted $2.43 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. 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. As a group, analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

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.