Boot Barn (NYSE:BOOT) Shares Down 4.6% - Time to Sell?

Key Points

• Boot Barn Holdings, Inc. (NYSE:BOOT) saw a **4.6% drop** in stock price, trading at **$179.78** after reaching a low of **$180.16** on Friday, with trading volume significantly down by **85%** compared to its average.
• Despite the recent decline, several brokerages have issued **positive ratings** and increased their target prices for Boot Barn, with UBS raising it from **$156.00 to $210.00** and JPMorgan from **$207.00 to $247.00**.
• In its latest quarter, Boot Barn reported **earnings per share (EPS) of $1.74**, exceeding estimates and showing a **19.1% increase in revenue** compared to the prior year, leading to a forecast of **$5.82 EPS** for the current year.

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) shares traded down 4.6% during trading on Friday . The company traded as low as $180.16 and last traded at $179.78. 124,421 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 850,031 shares. The stock had previously closed at $188.42.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Cowen reissued a "buy" rating on shares of Boot Barn in a report on Monday, July 28th. Piper Sandler increased 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. KeyCorp increased their target price on Boot Barn from $195.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, BTIG Research lifted their target price on Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.54.

Boot Barn Stock Performance

The stock has a 50 day moving average price of $173.64 and a 200 day moving average price of $144.06. The company has a market cap of $5.53 billion, a P/E ratio of 28.79, a P/E/G ratio of 1.84 and a beta of 1.62.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $489.49 million. During the same quarter in the previous year, the business earned $1.26 EPS. The company's quarterly 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. As a group, equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Hedge Funds Weigh In On Boot Barn

A number of hedge funds have recently modified their holdings of the stock. Verdence Capital Advisors LLC grew its holdings in shares of Boot Barn by 3.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company's stock worth $345,000 after acquiring an additional 74 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Boot Barn by 1.0% in the 4th 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 grew its holdings in shares of Boot Barn by 2.2% in the 2nd quarter. MML Investors Services LLC now owns 4,262 shares of the company's stock worth $648,000 after acquiring an additional 93 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Boot Barn by 6.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,582 shares of the company's stock worth $240,000 after acquiring an additional 99 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings 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 worth $211,000 after acquiring an additional 105 shares during the last quarter.

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.