Boot Barn (NYSE:BOOT) Upgraded to Buy at Jefferies Financial Group

Boot Barn (NYSE:BOOT) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Monday,Benzinga reports. The brokerage presently has a $195.00 target price on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 38.52% from the stock’s current price.

A number of other equities analysts also recently commented on the company. Citigroup lifted their price objective on Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Weiss Ratings downgraded Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 4th. UBS Group boosted their price target on shares of Boot Barn from $265.00 to $267.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. BTIG Research reissued a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a report on Thursday, February 5th. Finally, Stephens upgraded shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price on the stock in a report on Friday, February 6th. Thirteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and a consensus price target of $217.00.

Boot Barn Trading Up 4.2%

Shares of NYSE BOOT opened at $140.77 on Monday. Boot Barn has a 12-month low of $86.17 and a 12-month high of $210.25. The stock has a market cap of $4.28 billion, a PE ratio of 19.77, a P/E/G ratio of 0.82 and a beta of 1.75. The company has a 50-day moving average of $175.61 and a 200 day moving average of $182.40.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, meeting analysts’ consensus estimates of $2.79. The company had revenue of $705.64 million during the quarter, compared to the consensus estimate of $700.71 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. Boot Barn’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior 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. On average, sell-side analysts forecast that Boot Barn will post 5.82 EPS for the current fiscal year.

Institutional Trading of Boot Barn

Several institutional investors and hedge funds have recently bought and sold shares of BOOT. ORG Partners LLC acquired a new position in Boot Barn in the 3rd quarter valued at about $25,000. Los Angeles Capital Management LLC purchased a new stake in shares of Boot Barn during the fourth quarter worth approximately $29,000. Parkside Financial Bank & Trust raised its stake in shares of Boot Barn by 164.4% during the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after purchasing an additional 120 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Boot Barn during the third quarter worth $42,000. Finally, Independence Bank of Kentucky purchased a new position in Boot Barn in the 3rd quarter valued at $46,000.

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.