Boot Barn (NYSE:BOOT) Hits New 1-Year High - Should You Buy?

Key Points

• Boot Barn's stock reached a new 52-week high of $192.33, with a last recorded price of $192.07 during recent trading.
• Analysts have mixed ratings on Boot Barn, with one strong buy, twelve buys, and three holds, reflecting an overall average rating of "Moderate Buy" and a target price of $182.54.
• The company reported Q2 revenue of $504.07 million, exceeding estimates, and showing a 19.1% year-over-year increase in its earnings per share (EPS).

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $192.33 and last traded at $192.07, with a volume of 129573 shares. The stock had previously closed at $189.26.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BOOT shares. 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 report on Monday, July 28th. BTIG Research raised their target price 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. Jefferies Financial Group downgraded Boot Barn from a "buy" rating to a "hold" rating and reduced their target price for the company from $187.00 to $175.00 in a report on Wednesday, July 23rd. Piper Sandler boosted 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. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Boot Barn in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Boot Barn has an average rating of "Moderate Buy" and an average price target of $182.54.

Boot Barn Price Performance

The firm has a market capitalization of $5.85 billion, a PE ratio of 30.43, a P/E/G ratio of 1.86 and a beta of 1.61. The firm has a fifty day moving average price of $175.07 and a 200 day moving average price of $155.56.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.19. The firm had revenue of $504.07 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned $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. On average, sell-side analysts expect that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Institutional Trading of Boot Barn

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new stake in Boot Barn in the 3rd quarter valued at approximately $42,000. Calamos Advisors LLC lifted its position in shares of Boot Barn by 976.9% during the 3rd quarter. Calamos Advisors LLC now owns 19,708 shares of the company's stock worth $3,266,000 after buying an additional 17,878 shares during the period. FLC Capital Advisors bought a new position in shares of Boot Barn during the 3rd quarter worth approximately $216,000. Norden Group LLC bought a new position in Boot Barn in the 3rd quarter valued at $514,000. Finally, OLD National Bancorp IN bought a new position in Boot Barn in the 3rd quarter valued at $230,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.