Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) Target Price at $226.92

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $226.9167.

Several research firms recently commented on BOOT. Robert W. Baird reduced their price objective on Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Piper Sandler reduced their price objective on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. BTIG Research reiterated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a report on Friday, May 15th. Citigroup restated a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Finally, Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research report on Monday, April 6th.

Institutional Investors Weigh In On Boot Barn

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in Boot Barn by 7.2% during the fourth quarter. IFP Advisors Inc now owns 942 shares of the company’s stock valued at $166,000 after purchasing an additional 63 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in Boot Barn by 5.3% during the third 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 in the last quarter. Cynosure Group LLC lifted its holdings in Boot Barn by 3.3% during the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock valued at $430,000 after purchasing an additional 78 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Boot Barn by 5.6% during the fourth quarter. GAMMA Investing LLC now owns 1,505 shares of the company’s stock valued at $266,000 after purchasing an additional 80 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Boot Barn by 20.7% during the fourth quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock valued at $88,000 after purchasing an additional 85 shares in the last quarter.

Boot Barn Trading Down 1.3%

Shares of Boot Barn stock opened at $175.26 on Friday. The firm has a market capitalization of $5.32 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.25 and a beta of 1.70. The business has a fifty day simple moving average of $163.58 and a two-hundred day simple moving average of $174.35. Boot Barn has a 12 month low of $133.18 and a 12 month high of $210.25.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.02. The firm had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.44 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.Boot Barn’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 EPS. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Analysts predict that Boot Barn will post 8.54 earnings per share 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.