Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) Price Target at $195.75

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have received an average rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $195.75.

A number of research firms recently weighed in on BOOT. TD Cowen raised their price target on shares of Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Seaport Res Ptn cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Piper Sandler reaffirmed an “overweight” rating and set a $220.00 target price (up from $218.00) on shares of Boot Barn in a research report on Thursday, October 30th. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, Jefferies Financial Group lowered Boot Barn from a “buy” rating to a “hold” rating and lowered their price objective for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd.

Insider Buying and Selling at Boot Barn

In related news, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $190.00, for a total value of $1,234,620.00. Following the completion of the sale, the chairman owned 9,599 shares in the company, valued at approximately $1,823,810. The trade was a 40.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On Boot Barn

Institutional investors have recently bought and sold shares of the stock. ORG Partners LLC acquired a new position in shares of Boot Barn during the 3rd quarter valued at $25,000. Bessemer Group Inc. raised its position in Boot Barn by 134.2% in the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock worth $28,000 after acquiring an additional 106 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Boot Barn by 164.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock valued at $32,000 after acquiring an additional 120 shares during the last quarter. Maseco LLP bought a new position in shares of Boot Barn during the 2nd quarter valued at about $40,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of Boot Barn in the 3rd quarter worth approximately $42,000.

Boot Barn Stock Performance

BOOT stock opened at $172.88 on Friday. The firm has a market cap of $5.27 billion, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 1.94 and a beta of 1.67. Boot Barn has a 1 year low of $86.17 and a 1 year high of $205.31. The stock has a 50-day simple moving average of $180.59 and a 200-day simple moving average of $167.28.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.The firm had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. During the same quarter in the prior year, the business earned $0.95 EPS. Boot Barn’s quarterly revenue was up 18.7% compared to the same quarter last year. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. On average, equities research analysts predict that Boot Barn will post 5.82 EPS for the current year.

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.