Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Has Consensus Price Target of $204.77

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been given a consensus recommendation of “Buy” by the fifteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $204.77.

Several research analysts recently weighed in on BOOT shares. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Needham & Company LLC assumed coverage on Boot Barn in a research note on Friday, October 16th. They issued a “buy” rating and a $150.00 target price for the company. UBS Group dropped their target price on Boot Barn from $272.00 to $232.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Finally, Robert W. Baird cut their price target on Boot Barn from $212.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 29th.

Boot Barn Trading Up 1.5%

Shares of NYSE BOOT opened at $113.32 on Friday. Boot Barn has a 1-year low of $110.53 and a 1-year high of $210.25. The company has a market cap of $3.43 billion, a PE ratio of 14.34, a P/E/G ratio of 0.74 and a beta of 1.76. The company has a 50-day moving average of $132.49 and a two-hundred day moving average of $159.01.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The company had revenue of $581.81 million for the quarter, compared to analyst estimates of $580.80 million. During the same period in the prior year, the business earned $1.37 earnings per share. Boot Barn’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, equities research analysts forecast that Boot Barn will post 9.19 earnings per share for the current year.

Key Stories Impacting Boot Barn

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

• Positive Sentiment: Boot Barn reported fiscal Q2 revenue of approximately $581.8 million, up 15.1% year over year, while diluted EPS rose 26.3% to $1.73 and exceeded the consensus estimate of $1.63. Gross profit increased 17.6% to $216.5 million, and operating cash flow grew 55% to $39.9 million. Boot Barn Q2 2027 earnings results
• Positive Sentiment: The board authorized an additional $400 million under Boot Barn’s share-repurchase program. Buybacks could support per-share earnings and signal management confidence in the company’s long-term value. Boot Barn announces results and additional repurchase authorization
• Neutral Sentiment: Management’s earnings call followed the quarterly release, giving investors additional commentary on demand, store expansion, margins and the revised outlook. Boot Barn Q2 2027 earnings call transcript
• Negative Sentiment: Boot Barn cut its fiscal-year outlook despite the quarterly profit and sales gains. The reduced forecast raises concerns about slowing demand, potential margin pressure or a more cautious consumer, and makes the narrow revenue beat less meaningful. Boot Barn cuts fiscal-year outlook

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Summit Global Investments acquired a new position in Boot Barn in the third quarter valued at about $251,000. Partners Wealth Management LLC bought a new position in Boot Barn during the third quarter worth about $422,000. Moody Aldrich Partners LLC grew its position in shares of Boot Barn by 72.1% during the 3rd quarter. Moody Aldrich Partners LLC now owns 34,797 shares of the company’s stock worth $4,192,000 after buying an additional 14,573 shares during the period. Park Avenue Securities LLC grew its position in shares of Boot Barn by 5.7% during the 3rd quarter. Park Avenue Securities LLC now owns 2,851 shares of the company’s stock worth $343,000 after buying an additional 154 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Boot Barn by 183.3% in the 3rd quarter. Signaturefd LLC now owns 255 shares of the company’s stock valued at $31,000 after acquiring an additional 165 shares during the last quarter.

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.