Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) Price Target at $217.00

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $217.00.

BOOT has been the subject of several research reports. 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 for the company. BTIG Research reaffirmed a “buy” rating and set a $235.00 price target on shares of Boot Barn in a research report on Thursday, February 5th. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday. UBS Group increased their price objective on Boot Barn from $265.00 to $267.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Stephens raised Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective for the company in a report on Friday, February 6th.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $164.26 on Friday. The company’s fifty day moving average price is $187.92 and its 200 day moving average price is $185.61. Boot Barn has a 12 month low of $86.17 and a 12 month high of $210.25. The firm has a market capitalization of $5.00 billion, a P/E ratio of 23.07, a P/E/G ratio of 1.17 and a beta of 1.66.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.79. The company had revenue of $705.64 million during the quarter, compared to the consensus estimate of $700.71 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. Boot Barn’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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, sell-side analysts anticipate that Boot Barn will post 5.82 EPS for the current year.

Institutional Trading of Boot Barn

A number of large investors have recently bought and sold shares of BOOT. Wellington Management Group LLP increased its stake in Boot Barn by 4.3% in the fourth quarter. Wellington Management Group LLP now owns 1,206,107 shares of the company’s stock valued at $212,842,000 after purchasing an additional 49,790 shares during the period. State Street Corp boosted its stake in shares of Boot Barn by 0.6% during the fourth quarter. State Street Corp now owns 1,176,193 shares of the company’s stock worth $207,563,000 after buying an additional 7,410 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Boot Barn by 83.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after buying an additional 502,275 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Boot Barn by 15.7% during the fourth quarter. Invesco Ltd. now owns 1,061,668 shares of the company’s stock worth $187,353,000 after buying an additional 144,262 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Boot Barn by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 726,936 shares of the company’s stock valued at $110,508,000 after acquiring an additional 20,549 shares during the period.

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.