Boot Barn (NYSE:BOOT) Stock Price Down 4.6% - What's Next?

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) dropped 4.6% on Friday . The stock traded as low as $180.16 and last traded at $179.78. Approximately 124,421 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 850,031 shares. The stock had previously closed at $188.42.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BOOT. UBS Group increased their target price on Boot Barn from $156.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Cowen reissued a "buy" rating on shares of Boot Barn in a research report on Monday, July 28th. JPMorgan Chase & Co. raised their price objective on Boot Barn from $207.00 to $247.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. BTIG Research lifted their price target on Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Piper Sandler boosted their price objective on Boot Barn from $184.00 to $185.00 and gave the company an "overweight" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Boot Barn currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.54.

Boot Barn Price Performance

The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 1.86 and a beta of 1.62. The firm has a 50 day moving average price of $172.75 and a 200-day moving average price of $142.79.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.55 by $0.19. Boot Barn had a return on equity of 17.73% and a net margin of 9.81%.The firm had revenue of $504.07 million for the quarter, compared to analyst estimates of $489.49 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. Boot Barn's revenue for the quarter 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. Equities research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Institutional Investors Weigh In On Boot Barn

A number of hedge funds have recently added to or reduced their stakes in BOOT. Verdence Capital Advisors LLC lifted its position in shares of Boot Barn by 3.4% during the 2nd quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company's stock valued at $345,000 after acquiring an additional 74 shares during the period. Cetera Investment Advisers raised its position in shares of Boot Barn by 1.0% during the 4th quarter. Cetera Investment Advisers now owns 8,179 shares of the company's stock worth $1,242,000 after purchasing an additional 83 shares during the last quarter. MML Investors Services LLC raised its position in shares of 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 position in shares of Boot Barn by 6.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,582 shares of the company's stock worth $240,000 after purchasing an additional 99 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of Boot Barn by 5.7% during the 1st quarter. Park Avenue Securities LLC now owns 1,963 shares of the company's stock worth $211,000 after purchasing 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.

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