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

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $217.00.

BOOT has been the topic of several research reports. Weiss Ratings lowered shares of Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 4th. Piper Sandler lifted their price target on shares of Boot Barn from $229.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. UBS Group lifted their price target 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. BTIG Research reaffirmed a “buy” rating and set a $235.00 price target on shares of Boot Barn in a report on Thursday, February 5th. Finally, The Goldman Sachs Group initiated coverage on shares of Boot Barn in a report on Thursday, December 11th. They set a “buy” rating and a $225.00 price target on the stock.

Institutional Investors Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently made changes to their positions in BOOT. ORG Partners LLC acquired a new stake in Boot Barn during the 3rd quarter worth approximately $25,000. Los Angeles Capital Management LLC acquired a new stake in Boot Barn during the 4th quarter worth approximately $29,000. Parkside Financial Bank & Trust boosted its position in Boot Barn by 164.4% during the 3rd 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 period. Salomon & Ludwin LLC acquired a new stake in Boot Barn during the 3rd quarter worth approximately $42,000. Finally, Independence Bank of Kentucky acquired a new stake in Boot Barn during the 3rd quarter worth approximately $46,000.

Boot Barn Stock Up 10.0%

BOOT stock opened at $148.62 on Tuesday. Boot Barn has a 12 month low of $86.17 and a 12 month high of $210.25. The firm has a market cap of $4.52 billion, a P/E ratio of 20.87, a P/E/G ratio of 0.82 and a beta of 1.75. The company’s 50-day moving average price is $174.97 and its two-hundred day moving average price is $182.19.

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

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.