Boot Barn (NYSE:BOOT) Shares Down 5.2% – Should You Sell?

Boot Barn Holdings, Inc. (NYSE:BOOT)’s stock price fell 5.2% during mid-day trading on Thursday . The company traded as low as $133.18 and last traded at $136.00. 235,304 shares traded hands during trading, a decline of 65% from the average session volume of 666,636 shares. The stock had previously closed at $143.51.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 4th. BTIG Research reiterated a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a report on Thursday, February 5th. Jefferies Financial Group increased their target price on shares of Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Monday, January 12th. The Goldman Sachs Group started coverage on shares of Boot Barn in a research report on Thursday, December 11th. They issued a “buy” rating and a $225.00 price target on the stock. Finally, Citigroup upped their price target on Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $217.00.

Boot Barn Price Performance

The firm’s fifty day simple moving average is $177.64 and its 200 day simple moving average is $183.01. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.04 and a beta of 1.66.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, meeting the consensus estimate of $2.79. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The business had revenue of $705.64 million during the quarter, compared to the consensus estimate of $700.71 million. During the same quarter in the prior year, the firm earned $2.43 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. 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. Equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BOOT. Wellington Management Group LLP grew its stake in Boot Barn by 4.3% during the 4th quarter. Wellington Management Group LLP now owns 1,206,107 shares of the company’s stock valued at $212,842,000 after acquiring an additional 49,790 shares in the last quarter. State Street Corp boosted its holdings in shares of Boot Barn by 0.6% during the fourth quarter. State Street Corp now owns 1,176,193 shares of the company’s stock worth $207,563,000 after purchasing an additional 7,410 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Boot Barn by 83.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after purchasing an additional 502,275 shares during the period. Invesco Ltd. grew its position in Boot Barn by 15.7% during the fourth quarter. Invesco Ltd. now owns 1,061,668 shares of the company’s stock valued at $187,353,000 after purchasing an additional 144,262 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Boot Barn by 38.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock valued at $127,642,000 after purchasing an additional 200,971 shares in the last quarter.

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.