Boot Barn (NYSE:BOOT) Price Target Raised to $276.00

Boot Barn (NYSE:BOOT) had its target price hoisted by JPMorgan Chase & Co. from $264.00 to $276.00 in a research note issued to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

BOOT has been the topic of several other research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Boot Barn in a report on Thursday. Piper Sandler reissued an “overweight” rating and set a $220.00 price objective (up previously from $218.00) on shares of Boot Barn in a report on Thursday. KeyCorp lifted their price objective on Boot Barn from $195.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, TD Cowen raised their target price on Boot Barn from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and a consensus target price of $195.25.

Boot Barn Trading Up 2.3%

Shares of NYSE:BOOT opened at $189.69 on Thursday. Boot Barn has a 1-year low of $86.17 and a 1-year high of $205.31. The firm has a market capitalization of $5.80 billion, a PE ratio of 28.06, a PEG ratio of 1.94 and a beta of 1.61. The business’s 50 day moving average is $179.73 and its 200-day moving average is $161.64.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.11. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.The company had revenue of $505.40 million for the quarter, compared to analyst estimates of $493.70 million. During the same quarter last year, the firm earned $0.95 EPS. Boot Barn’s revenue for the quarter was up 18.7% compared to the same quarter last year. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. On average, sell-side analysts predict that Boot Barn will post 5.82 EPS for the current year.

Hedge Funds Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently modified their holdings of BOOT. Whittier Trust Co. of Nevada Inc. boosted its stake in Boot Barn by 3.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 51,755 shares of the company’s stock worth $7,867,000 after purchasing an additional 1,666 shares in the last quarter. Whittier Trust Co. boosted its stake in Boot Barn by 2.6% in the second quarter. Whittier Trust Co. now owns 102,538 shares of the company’s stock worth $15,586,000 after purchasing an additional 2,613 shares in the last quarter. Parallel Advisors LLC boosted its stake in Boot Barn by 512.6% in the second quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock worth $81,000 after purchasing an additional 446 shares in the last quarter. Jump Financial LLC acquired a new position in Boot Barn in the first quarter worth $5,363,000. Finally, KBC Group NV boosted its stake in Boot Barn by 21.8% in the first quarter. KBC Group NV now owns 1,489 shares of the company’s stock worth $160,000 after purchasing an additional 267 shares in the last quarter.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.