Boot Barn (NYSE:BOOT) Stock Rating Upgraded by Stephens

Boot Barn (NYSE:BOOT) was upgraded by stock analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report issued on Friday, Marketbeat.com reports. The brokerage currently has a $237.00 price objective on the stock. Stephens’ target price would indicate a potential upside of 16.48% from the company’s current price.

Other analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, January 21st. Seaport Research Partners lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research note on Thursday. Jefferies Financial Group lifted their price target on Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Monday, January 12th. Finally, Citigroup increased their price objective on Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.00.

Boot Barn Stock Up 8.0%

Shares of BOOT stock opened at $203.47 on Friday. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 1.51 and a beta of 1.67. The stock has a fifty day moving average of $190.76 and a 200 day moving average of $182.54. Boot Barn has a 52 week low of $86.17 and a 52 week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, hitting the consensus estimate of $2.79. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The business 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 earned $2.43 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. 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. Equities research analysts anticipate that Boot Barn will post 5.82 earnings per share for the current year.

Insiders Place Their Bets

In other Boot Barn 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 transaction of $229,692.00. Following the completion of the transaction, the director 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Boot Barn

Several institutional investors and hedge funds have recently modified their holdings of BOOT. ORG Partners LLC bought a new position in Boot Barn in the 3rd quarter worth about $25,000. Bessemer Group Inc. raised its holdings in Boot Barn by 134.2% in the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock worth $28,000 after buying an additional 106 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Boot Barn by 164.4% in the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after buying an additional 120 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Boot Barn in the third quarter worth approximately $42,000. Finally, Independence Bank of Kentucky purchased a new stake in shares of Boot Barn during the third quarter valued at approximately $46,000.

Boot Barn News Summary

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

• Positive Sentiment: Q3 results: EPS of $2.79 met consensus while revenue of $705.6M topped estimates and same‑store + e‑commerce strength drove a 16% sales increase; management raised FY2026 guidance (EPS and sales). This is the primary fundamental driver behind the move. Boot Barn Q3 Earnings & Sales Meet Estimates, FY26 Guidance Up
• Positive Sentiment: Analyst upgrades and higher price targets: Stephens upgraded BOOT to Overweight with a $237 PT and BTIG reaffirmed Buy with a $235 PT; Zacks moved the stock to Strong‑Buy — these raise the stock’s visible upside and likely attracted short‑term buying. Stephens upgrade (The Fly) BTIG reaffirmation (Benzinga) Zacks upgrade
• Positive Sentiment: Broker research: Piper Sandler highlighted Boot Barn’s fundamentals, forecasting ~20% EPS growth and multiple‑expansion drivers (stores + e‑commerce + margin leverage), supporting a re‑rating thesis. Piper Sandler note (MSN)
• Neutral Sentiment: Earnings call and transcripts published across outlets (Seeking Alpha, Yahoo) — provide more detail on comp trends, inventory and margin drivers but contain no material surprises beyond the raised guidance. Earnings call transcript (Seeking Alpha)
• Neutral Sentiment: Sector comparison pieces note BOOT’s outperformance within retail/wholesale year‑to‑date, which may attract relative‑strength flows but also invites profit‑taking/rotation risk. Sector comparison (Zacks)

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.