Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $182.54 Consensus PT from Brokerages

Key Points

• Boot Barn Holdings, Inc. has received a consensus rating of "Moderate Buy" from analysts, with 12 out of 15 brokerages issuing a buy recommendation.
• The company's recent quarterly earnings report showed an EPS of $1.74, beating estimates and demonstrating a 19.1% year-over-year revenue increase.
• Boot Barn has approved a $200 million stock repurchase program, indicating the company's belief that its stock is undervalued.

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $182.5385.

BOOT has been the topic of several research reports. Jefferies Financial Group downgraded shares of Boot Barn from a "buy" rating to a "hold" rating and decreased their price target for the stock from $187.00 to $175.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $207.00 to $247.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Citigroup lifted their price target on shares of Boot Barn from $137.00 to $180.00 and gave the company a "buy" rating in a report on Friday, May 16th. Piper Sandler lifted their price target on shares of Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, BTIG Research lifted their price target on shares of Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a report on Friday, August 1st.

Boot Barn Stock Performance

Boot Barn stock traded down $2.93 during mid-day trading on Monday, hitting $174.11. 225,916 shares of the company traded hands, compared to its average volume of 872,990. Boot Barn has a one year low of $86.17 and a one year high of $183.60. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.76 and a beta of 1.76. The stock has a fifty day moving average price of $167.18 and a 200-day moving average price of $139.06.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The business had revenue of $504.07 million during the quarter, compared to analyst estimates of $489.49 million. During the same period in the previous year, the business posted $1.26 earnings per share. Boot Barn's revenue for the quarter was up 19.1% on a year-over-year basis. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. Sell-side analysts predict that Boot Barn will post 5.82 EPS for the current year.

Boot Barn announced that its Board of Directors has approved a share buyback plan on Wednesday, May 14th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 4.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Institutional Trading of Boot Barn

Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. raised its position in shares of Boot Barn by 134.2% in the 2nd quarter. Bessemer Group Inc. now owns 185 shares of the company's stock worth $28,000 after purchasing an additional 106 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Boot Barn in the 1st quarter worth about $29,000. Golden State Wealth Management LLC raised its position in shares of Boot Barn by 263.6% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock worth $30,000 after purchasing an additional 203 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Boot Barn by 210.8% in the 1st quarter. Versant Capital Management Inc now owns 317 shares of the company's stock worth $34,000 after purchasing an additional 215 shares during the last quarter. Finally, Maseco LLP purchased a new position in shares of Boot Barn in the 2nd quarter worth about $40,000.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.