Boot Barn Holdings, Inc. (NYSE:BOOT) Receives Average Recommendation of "Moderate Buy" from Analysts

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 brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $182.5385.

BOOT has been the subject of a number of recent analyst reports. Jefferies Financial Group cut shares of Boot Barn from a "buy" rating to a "hold" rating and decreased their price target for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Cowen restated a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. KeyCorp lifted their target price on shares of Boot Barn from $195.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, BTIG Research boosted their price objective on Boot Barn from $200.00 to $218.00 and gave the company a "buy" rating in a research report on Friday, August 1st.

Institutional Trading of Boot Barn

A number of hedge funds have recently modified their holdings of the stock. Verdence Capital Advisors LLC lifted its holdings in shares of Boot Barn by 3.4% during the second quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company's stock worth $345,000 after buying an additional 74 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Boot Barn by 1.0% during the fourth quarter. Cetera Investment Advisers now owns 8,179 shares of the company's stock worth $1,242,000 after acquiring an additional 83 shares during the last quarter. MML Investors Services LLC raised its holdings in Boot Barn by 2.2% during the 2nd quarter. MML Investors Services LLC now owns 4,262 shares of the company's stock worth $648,000 after purchasing an additional 93 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Boot Barn by 6.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,582 shares of the company's stock worth $240,000 after buying an additional 99 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Boot Barn by 5.7% in the 1st quarter. Park Avenue Securities LLC now owns 1,963 shares of the company's stock valued at $211,000 after acquiring an additional 105 shares in the last quarter.

Boot Barn Stock Down 2.0%

BOOT stock traded down $3.59 during trading on Friday, hitting $172.49. 40,637 shares of the company's stock traded hands, compared to its average volume of 839,457. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.79 and a beta of 1.62. The stock has a fifty day moving average price of $174.04 and a two-hundred day moving average price of $145.60. Boot Barn has a 52 week low of $86.17 and a 52 week high of $191.31.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.19. The company had revenue of $504.07 million during the quarter, compared to analyst estimates of $489.49 million. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The business's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. 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 expect that Boot Barn will post 5.82 EPS for the current fiscal year.

Boot Barn Company Profile

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.