Boot Barn (NYSE:BOOT) Given Hold (C+) Rating at Weiss Ratings

Key Points

• Boot Barn's stock has been given a "hold (C+)" rating by Weiss Ratings and has seen mixed reviews from other equities analysts, with Jefferies adjusting their rating from "buy" to "hold" while JPMorgan Chase raised its price target.
• The company reported strong quarterly earnings, with an EPS of $1.74, beating analyst expectations, and revenue growth of 19.1% year-over-year.
• Boot Barn has a market capitalization of $5.14 billion and currently trades at a price-to-earnings ratio of 26.54, reflecting solid performance and investor interest.

Boot Barn (NYSE:BOOT - Get Free Report)'s stock had its "hold (c+)" rating reiterated by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group lowered shares of Boot Barn from a "buy" rating to a "hold" rating and lowered their target price for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on shares of Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Cowen restated a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. KeyCorp upped their price target 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. Finally, Piper Sandler upped their price target on Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $182.54.

Boot Barn Stock Performance

NYSE BOOT traded up $0.76 during trading hours on Wednesday, reaching $168.28. 429,891 shares of the company's stock were exchanged, compared to its average volume of 821,223. The company's 50-day moving average is $173.47 and its two-hundred day moving average is $150.76. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.61. 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 released its quarterly earnings data 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. The firm had revenue of $504.07 million for the quarter, compared to analyst estimates of $489.49 million. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The business's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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 predict that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Institutional Trading of Boot Barn

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOOT. Artemis Investment Management LLP raised its position in Boot Barn by 206.5% during the first quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock worth $78,856,000 after acquiring an additional 494,523 shares during the period. Nuveen LLC acquired a new stake in shares of Boot Barn in the first quarter valued at about $38,387,000. Marshall Wace LLP raised its position in shares of Boot Barn by 63.3% in the second quarter. Marshall Wace LLP now owns 655,923 shares of the company's stock valued at $99,700,000 after buying an additional 254,296 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in Boot Barn during the second quarter worth about $34,790,000. Finally, Fiera Capital Corp acquired a new position in Boot Barn in the second quarter valued at approximately $33,686,000.

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.

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