Boot Barn (NYSE:BOOT) Upgraded at Zacks Research

Zacks Research upgraded shares of Boot Barn (NYSE:BOOT) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. BTIG Research lifted their price objective on shares of Boot Barn from $226.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. The Goldman Sachs Group initiated coverage on Boot Barn in a research report on Thursday, December 11th. They issued a “buy” rating and a $225.00 price target for the company. Jefferies Financial Group upped their price objective on Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Monday, January 12th. TD Cowen reaffirmed a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. Finally, Piper Sandler lifted their target price on Boot Barn from $220.00 to $229.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.31.

Boot Barn Trading Up 3.2%

NYSE:BOOT opened at $189.13 on Tuesday. Boot Barn has a 12-month low of $86.17 and a 12-month high of $210.25. The stock has a market capitalization of $5.76 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.36 and a beta of 1.67. The stock has a 50-day moving average price of $190.56 and a 200 day moving average price of $182.29.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, meeting the consensus estimate of $2.79. The company had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.73%. Boot Barn’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the company 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, research analysts predict that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Boot Barn news, Director Gene Eddie Burt sold 1,200 shares of the company’s 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 transaction, the director owned 3,338 shares of the company’s stock, valued at $638,926.58. This represents a 26.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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