Zacks Research Upgrades Boot Barn (NYSE:BOOT) to Strong-Buy

Boot Barn (NYSE:BOOT) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, January 21st. TD Cowen reiterated a “buy” rating on shares of Boot Barn in a research report on Thursday, October 30th. The Goldman Sachs Group assumed coverage on Boot Barn in a report on Thursday, December 11th. They issued a “buy” rating and a $225.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Piper Sandler increased their price objective on shares of Boot Barn from $220.00 to $229.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $206.08.

Boot Barn Stock Performance

NYSE BOOT opened at $183.80 on Tuesday. Boot Barn has a one year low of $86.17 and a one year high of $210.25. The stock has a 50-day moving average of $190.67 and a 200 day moving average of $182.24. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.35 and a beta of 1.67.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.23. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The business had revenue of $705.64 million for the quarter, compared to analysts’ expectations of $700.71 million. During the same quarter in the prior year, the business earned $2.43 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. 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, equities analysts predict that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gene Eddie Burt sold 1,200 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the completion of the sale, the director directly owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This represents a 26.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.66% of the company’s stock.

Institutional Trading of Boot Barn

Hedge funds and other institutional investors have recently modified their holdings of the company. Campbell Newman Asset Management Inc. raised its stake in Boot Barn by 0.5% in the third quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock worth $2,145,000 after buying an additional 60 shares in the last quarter. Park Avenue Securities LLC boosted its position in Boot Barn by 2.4% during the 3rd quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock valued at $468,000 after acquiring an additional 66 shares in the last quarter. Verdence Capital Advisors LLC increased 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 valued at $345,000 after acquiring an additional 74 shares during the period. Koshinski Asset Management Inc. increased its holdings in shares of Boot Barn by 5.3% in the 3rd quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $255,000 after acquiring an additional 78 shares during the period. Finally, Amalgamated Bank raised its position in shares of Boot Barn by 0.9% in the 3rd quarter. Amalgamated Bank now owns 8,755 shares of the company’s stock worth $1,451,000 after acquiring an additional 79 shares in the last quarter.

Key Boot Barn News

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Q3 results: Boot Barn reported EPS of $2.79 and revenue of $705.6M, beating consensus revenue and showing solid margin metrics and 5.7% same‑store sales growth — evidence of healthy demand and operating leverage. Boot Barn Holdings, Inc. Announces Third Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: Earnings beat / investor materials: The quarter’s EPS beat and revenue beat were highlighted across reports and the company posted conference call slides and a supplemental presentation for investors — useful for modeling forward margins and cash flow. Listen to Conference Call
• Neutral Sentiment: Guidance: Boot Barn set FY26 EPS guidance of $7.25–$7.35 and Q4 EPS of $1.35–$1.45; revenue guidance was roughly in line with consensus. The guidance range largely tracks street expectations, so it supports the beat but may limit upside surprises. Boot Barn (BOOT) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
• Neutral Sentiment: Analyst / preview coverage: Pre‑ and post‑print commentary (Zacks, Yahoo Finance) framed the quarter as largely consistent with expectations — helpful context but not materially changing the macro/competitive outlook. What To Expect From Boot Barn’s (BOOT) Q4 Earnings
• Neutral Sentiment: Mixed estimates messaging: Some outlets described EPS as “meeting” estimates while others emphasize the beat vs. consensus — this can create short‑term noise in headlines even though the underlying numbers were solid. Boot Barn (BOOT) Q3 Earnings Meet Estimates

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.