Boot Barn Holdings, Inc. (NYSE:BOOT) Given Average Rating of “Moderate Buy” by Brokerages

Boot Barn Holdings, Inc. (NYSE:BOOT) has received an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $217.00.

Several research analysts recently issued reports on the company. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their price target on Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. UBS Group upped their price objective on shares of Boot Barn from $265.00 to $267.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Citigroup lifted their target price on shares of Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, BTIG Research reissued a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research report on Thursday, February 5th.

Boot Barn Stock Up 1.2%

Shares of Boot Barn stock opened at $188.15 on Monday. The company has a market cap of $5.72 billion, a P/E ratio of 26.42, a PEG ratio of 1.33 and a beta of 1.67. The firm’s 50 day moving average price is $190.18 and its 200-day moving average price is $183.25. Boot Barn has a 52-week low of $86.17 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last posted its 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 analysts’ expectations of $700.71 million. During the same quarter in the prior year, the company posted $2.43 earnings per share. Boot Barn’s revenue for the quarter 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, equities research analysts forecast that Boot Barn will post 5.82 EPS for the current fiscal year.

Insider Buying and Selling at Boot Barn

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of Boot Barn during the fourth quarter worth about $99,000. Maverick Capital Ltd. raised its position in Boot Barn by 199.5% during the 4th quarter. Maverick Capital Ltd. now owns 21,432 shares of the company’s stock worth $3,782,000 after buying an additional 14,277 shares during the last quarter. Bridgewater Associates LP raised its position in Boot Barn by 22.9% during the 4th quarter. Bridgewater Associates LP now owns 8,041 shares of the company’s stock worth $1,419,000 after buying an additional 1,499 shares during the last quarter. Stifel Financial Corp lifted its stake in Boot Barn by 0.9% during the 4th quarter. Stifel Financial Corp now owns 23,417 shares of the company’s stock valued at $4,132,000 after acquiring an additional 211 shares during the period. Finally, Virtus Advisers LLC purchased a new stake in shares of Boot Barn in the 4th quarter valued at $176,000.

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.