Boot Barn (NYSE:BOOT) Stock Price Down 5.2% - What's Next?

Key Points

• Boot Barn shares fell about 5.2% to $136 on Thursday with only ~235,304 shares trading (about 65% below average), leaving the stock well below its 50‑day ($177.64) and 200‑day ($183.01) moving averages.
• Analysts remain mostly positive—MarketBeat shows a consensus rating of "Moderate Buy" with an average target of $217 (12 Buys, 3 Holds) and several recent price‑target upgrades, including UBS at $267.
• The company reported solid results: Q earnings per share of $2.79 (in line with estimates), revenue of $705.6M (+16% YoY), and set FY2026 guidance of EPS 7.250–7.350.

Boot Barn Holdings, Inc. (NYSE:BOOT - Get Free Report) dropped 5.2% during mid-day trading on Thursday . The stock traded as low as $133.18 and last traded at $136.00. Approximately 235,304 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 666,636 shares. The stock had previously closed at $143.51.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Stephens raised Boot Barn from an "equal weight" rating to an "overweight" rating and set a $237.00 target price on the stock in a research report on Friday, February 6th. Piper Sandler boosted their price target on shares of Boot Barn from $229.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, February 5th. Weiss Ratings lowered shares of Boot Barn from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, March 4th. Jefferies Financial Group lifted their price objective on shares of Boot Barn from $180.00 to $195.00 and gave the company a "hold" rating in a research report on Monday, January 12th. Finally, UBS Group boosted their target price on shares of Boot Barn from $265.00 to $267.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Boot Barn presently has an average rating of "Moderate Buy" and a consensus target price of $217.00.

Boot Barn Stock Down 5.5%

The company has a market cap of $4.13 billion, a P/E ratio of 19.06, a PEG ratio of 1.04 and a beta of 1.66. The company has a 50 day moving average price of $177.64 and a 200-day moving average price of $183.01.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, meeting analysts' consensus estimates of $2.79. The business had revenue of $705.64 million for the quarter, compared to analysts' expectations of $700.71 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The company's revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.43 earnings per share. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. On average, research analysts expect that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Institutional Trading of Boot Barn

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in Boot Barn by 50.3% during the first quarter. Royal Bank of Canada now owns 34,676 shares of the company's stock worth $3,725,000 after purchasing an additional 11,598 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Boot Barn by 198.0% during the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company's stock valued at $957,000 after purchasing an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Boot Barn by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company's stock worth $1,894,000 after buying an additional 779 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Boot Barn by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company's stock valued at $34,771,000 after buying an additional 61,719 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of Boot Barn in the first quarter valued at $209,000.

Boot Barn Company Profile

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.

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