Boot Barn Holdings, Inc. (NYSE:BOOT) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Boot Barn Holdings, Inc. has received an average consensus rating of "Moderate Buy" from 16 research firms, with 12 analysts issuing buy ratings and one giving a strong buy rating.
• Shares of Boot Barn have shown significant movement, recently trading up 8.2% and opening at $177.30, with a 1-year price range between $86.17 and $191.31.
• The company reported a 19.1% year-over-year revenue increase with earnings per share of $1.74, surpassing analyst estimates of $1.55, and set upcoming guidance for Q2 2026 at 1.190-1.270 EPS.

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) has earned an average rating of "Moderate Buy" from the sixteen research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $182.5385.

BOOT has been the subject of a number of research analyst reports. KeyCorp boosted their target price on shares of Boot Barn from $195.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Cowen reiterated a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. BTIG Research lifted their price target on shares of Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Boot Barn in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group cut shares of Boot Barn from a "buy" rating to a "hold" rating and lowered their price target for the stock from $187.00 to $175.00 in a research report on Wednesday, July 23rd.

Boot Barn Trading Up 8.2%

Shares of NYSE BOOT opened at $177.30 on Tuesday. Boot Barn has a 1-year low of $86.17 and a 1-year high of $191.31. The company has a market cap of $5.42 billion, a PE ratio of 27.97, a P/E/G ratio of 1.65 and a beta of 1.61. The company has a 50-day moving average of $173.17 and a two-hundred day moving average of $152.77.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The company had revenue of $504.07 million during the quarter, compared to the consensus estimate of $489.49 million. During the same period in the previous year, the firm posted $1.26 earnings per share. The company's revenue 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. As a group, equities research analysts forecast that Boot Barn will post 5.82 earnings per share for the current year.

Institutional Investors Weigh In On Boot Barn

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. grew its position in shares of Boot Barn by 24.8% during the 1st quarter. Invesco Ltd. now owns 903,453 shares of the company's stock worth $97,058,000 after buying an additional 179,710 shares during the period. Artemis Investment Management LLP grew its holdings in Boot Barn by 206.5% during the first quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock valued at $78,856,000 after purchasing an additional 494,523 shares during the period. Geode Capital Management LLC grew its holdings in Boot Barn by 2.9% during the second quarter. Geode Capital Management LLC now owns 726,936 shares of the company's stock valued at $110,508,000 after purchasing an additional 20,549 shares during the period. Marshall Wace LLP grew its holdings in Boot Barn by 63.3% during the second quarter. Marshall Wace LLP now owns 655,923 shares of the company's stock valued at $99,700,000 after purchasing an additional 254,296 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Boot Barn by 20.3% during the second quarter. Franklin Resources Inc. now owns 578,654 shares of the company's stock valued at $87,955,000 after purchasing an additional 97,635 shares during the period.

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.

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