Boot Barn Holdings, Inc. (NYSE:BOOT) Receives Consensus Rating of "Moderate Buy" from Brokerages

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.

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

Several analysts have weighed in on BOOT shares. BTIG Research boosted their price target on shares of Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Jefferies Financial Group cut 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. raised their target price on shares of Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Cowen reiterated a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. Finally, KeyCorp increased their price target on shares of Boot Barn from $195.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, August 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. grew 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 buying an additional 106 shares during the last quarter. Maseco LLP purchased a new stake in Boot Barn in the second quarter worth $40,000. Opal Wealth Advisors LLC bought a new stake in Boot Barn in the first quarter valued at $29,000. Golden State Wealth Management LLC increased its position in Boot Barn by 263.6% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock valued at $30,000 after purchasing an additional 203 shares during the period. Finally, Versant Capital Management Inc raised its holdings in 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 in the last quarter.

Boot Barn Stock Performance

NYSE:BOOT traded down $0.41 during mid-day trading on Friday, reaching $175.66. The stock had a trading volume of 467,831 shares, compared to its average volume of 463,626. The stock has a market capitalization of $5.37 billion, a P/E ratio of 27.71, a P/E/G ratio of 1.79 and a beta of 1.62. The firm has a 50 day moving average price of $174.14 and a two-hundred day moving average price of $146.07. Boot Barn has a one year low of $86.17 and a one year high of $191.31.

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