Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) PT at $182.54

Key Points

• Boot Barn Holdings, Inc. has received a consensus rating of "Moderate Buy" from fifteen research firms, with twelve analysts recommending a buy and two indicating a hold.
• Analysts have set an average 1-year price target of $182.54 for Boot Barn, with recent price target upgrades from several firms, including JPMorgan Chase raising it to $247.00.
• Boot Barn reported $1.74 earnings per share for the last quarter, surpassing analyst expectations, with revenue of $504.07 million, representing a 19.1% year-over-year increase.

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) has received an average rating of "Moderate Buy" from the fifteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $182.5385.

Several analysts have weighed in on the company. KeyCorp lifted their price objective on Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Cowen reiterated a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. Jefferies Financial Group downgraded shares of Boot Barn from a "buy" rating to a "hold" rating and dropped their price objective for the company from $187.00 to $175.00 in a research report on Wednesday, July 23rd. BTIG Research boosted their target price 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. Finally, Piper Sandler raised their target price on shares of Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a research note on Monday, July 28th.

Institutional Investors Weigh In On Boot Barn

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. lifted 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 period. Opal Wealth Advisors LLC acquired a new stake in Boot Barn during the 1st quarter valued at approximately $29,000. Golden State Wealth Management LLC increased its holdings in 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 acquiring an additional 203 shares in the last quarter. Versant Capital Management Inc lifted its position in Boot Barn by 210.8% in the first quarter. Versant Capital Management Inc now owns 317 shares of the company's stock valued at $34,000 after buying an additional 215 shares during the last quarter. Finally, Maseco LLP purchased a new position in shares of Boot Barn during the second quarter worth approximately $40,000.

Boot Barn Trading Down 1.7%

NYSE BOOT traded down $2.97 during trading on Friday, reaching $175.77. 863,880 shares of the company's stock were exchanged, compared to its average volume of 440,924. Boot Barn has a fifty-two week low of $86.17 and a fifty-two week high of $191.31. The firm has a market capitalization of $5.37 billion, a PE ratio of 27.72, a P/E/G ratio of 1.79 and a beta of 1.62. The company's fifty day simple moving average is $174.04 and its 200-day simple moving average is $145.40.

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

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.