Boot Barn (NYSE:BOOT) Stock Price Down 6.4% – Time to Sell?

Boot Barn Holdings, Inc. (NYSE:BOOT) shares fell 6.4% on Monday . The company traded as low as $164.13 and last traded at $166.27. Approximately 353,044 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 712,127 shares. The stock had previously closed at $177.58.

Analyst Ratings Changes

BOOT has been the subject of a number of analyst reports. UBS Group set a $225.00 target price on shares of Boot Barn in a research note on Wednesday, June 17th. Jefferies Financial Group raised Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a report on Monday, April 6th. TD Cowen reiterated a “buy” rating on shares of Boot Barn in a report on Wednesday, June 17th. BTIG Research reissued a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research report on Friday, May 15th. Finally, Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $226.92.

Boot Barn Stock Down 6.5%

The stock has a fifty day moving average price of $163.97 and a 200-day moving average price of $174.21. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.25 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The firm had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. Boot Barn’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, research analysts expect that Boot Barn Holdings, Inc. will post 8.54 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Boot Barn by 11.4% during the 4th quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock worth $69,370,000 after acquiring an additional 40,282 shares in the last quarter. UBS Group AG raised its holdings in Boot Barn by 16.4% during the fourth quarter. UBS Group AG now owns 172,380 shares of the company’s stock worth $30,420,000 after purchasing an additional 24,229 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in Boot Barn during the fourth quarter worth $2,644,000. Comerica Bank boosted its position in Boot Barn by 71.5% during the fourth quarter. Comerica Bank now owns 34,439 shares of the company’s stock worth $6,077,000 after purchasing an additional 14,354 shares in the last quarter. Finally, Fieldview Capital Management LLC grew its holdings in Boot Barn by 1,197.6% in the third quarter. Fieldview Capital Management LLC now owns 17,634 shares of the company’s stock valued at $2,922,000 after purchasing an additional 16,275 shares during the last quarter.

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.