Boot Barn Holdings, Inc. (NYSE:BOOT) Receives Consensus Rating of “Moderate Buy” from Analysts

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

Several brokerages have commented on BOOT. The Goldman Sachs Group initiated coverage on shares of Boot Barn in a research report on Thursday, December 11th. They issued a “buy” rating and a $225.00 price target on the stock. Piper Sandler raised their price objective 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. Jefferies Financial Group lifted their price target on shares of Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Monday, January 12th. BTIG Research reaffirmed a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a report on Thursday, February 5th. Finally, Citigroup lifted their price target on Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th.

Hedge Funds Weigh In On Boot Barn

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Campbell Newman Asset Management Inc. boosted its position in Boot Barn by 0.5% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock worth $2,145,000 after acquiring an additional 60 shares during the period. IFP Advisors Inc grew its stake in Boot Barn by 7.2% during the 4th quarter. IFP Advisors Inc now owns 942 shares of the company’s stock valued at $166,000 after acquiring an additional 63 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Boot Barn by 2.4% in the 3rd quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock valued at $468,000 after purchasing an additional 66 shares during the period. Koshinski Asset Management Inc. increased its holdings in shares of Boot Barn by 5.3% in the 3rd quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $255,000 after purchasing an additional 78 shares during the period. Finally, Cynosure Group LLC lifted its position in shares of Boot Barn by 3.3% in the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock worth $430,000 after purchasing an additional 78 shares in the last quarter.

Boot Barn Stock Down 1.4%

Shares of BOOT opened at $167.02 on Friday. The firm has a market capitalization of $5.08 billion, a PE ratio of 23.46, a P/E/G ratio of 1.20 and a beta of 1.66. The firm has a 50-day moving average price of $188.38 and a 200 day moving average price of $185.53. Boot Barn has a 52-week low of $86.17 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm had revenue of $705.64 million during the quarter, compared to the consensus estimate of $700.71 million. During the same period in the prior year, the firm posted $2.43 earnings per share. The firm’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. On average, equities analysts expect that Boot Barn will post 5.82 EPS for the current 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.