Analysts Set Boot Barn Holdings, Inc. (NYSE:BOOT) Price Target at $222.27

Boot Barn Holdings, Inc. (NYSE:BOOT) has received a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $219.5455.

Several research analysts have commented on BOOT shares. Robert W. Baird set a $212.00 price objective on shares of Boot Barn in a research report on Thursday, July 30th. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. BTIG Research decreased their price target on Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Bank of America decreased their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, TD Cowen lowered their target price on Boot Barn from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, July 30th.

Hedge Funds Weigh In On Boot Barn

A number of large investors have recently modified their holdings of BOOT. IFP Advisors Inc boosted its position in Boot Barn by 7.2% during the fourth quarter. IFP Advisors Inc now owns 942 shares of the company’s stock worth $166,000 after purchasing an additional 63 shares during the period. Cynosure Group LLC increased its holdings in shares of Boot Barn by 3.3% in the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock worth $430,000 after purchasing an additional 78 shares during the period. Farther Finance Advisors LLC boosted its stake 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 buying an additional 85 shares during the period. State of Wisconsin Investment Board grew its position in Boot Barn by 0.3% during the fourth quarter. State of Wisconsin Investment Board now owns 33,374 shares of the company’s stock worth $5,890,000 after buying an additional 89 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in Boot Barn by 2.2% in the 2nd quarter. MML Investors Services LLC now owns 4,262 shares of the company’s stock worth $648,000 after acquiring an additional 93 shares during the last quarter.

Boot Barn Stock Down 3.0%

Shares of NYSE:BOOT opened at $160.75 on Monday. The company’s 50 day moving average price is $162.13 and its two-hundred day moving average price is $166.20. Boot Barn has a 12-month low of $133.18 and a 12-month high of $210.25. The firm has a market cap of $4.87 billion, a PE ratio of 20.35, a PEG ratio of 1.07 and a beta of 1.71.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The firm had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. During the same period in the prior year, the company posted $1.74 EPS. The company’s revenue was up 17.7% compared to the same quarter last year. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. On average, research analysts expect that Boot Barn will post 9.18 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.