Boot Barn (NYSE:BOOT) Shares Down 5.4% – What’s Next?

Boot Barn Holdings, Inc. (NYSE:BOOT) shares traded down 5.4% during mid-day trading on Monday . The company traded as low as $155.57 and last traded at $155.2290. 507,455 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 650,618 shares. The stock had previously closed at $164.11.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group lifted their price target on Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Monday, January 12th. Piper Sandler increased their price objective on Boot Barn from $229.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. BTIG Research restated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a research note on Thursday, February 5th. Finally, The Goldman Sachs Group assumed coverage on shares of Boot Barn in a report on Thursday, December 11th. They issued a “buy” rating and a $225.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $217.00.

Boot Barn Stock Performance

The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 1.17 and a beta of 1.66. The firm has a fifty day moving average price of $187.92 and a 200 day moving average price of $185.61.

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, hitting the consensus estimate of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. During the same quarter in the prior year, the business posted $2.43 earnings per share. Boot Barn’s revenue 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. Research analysts predict that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Institutional Trading of Boot Barn

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC purchased a new stake in Boot Barn during the third quarter worth about $25,000. Los Angeles Capital Management LLC purchased a new position in Boot Barn in the fourth quarter valued at about $29,000. Parkside Financial Bank & Trust increased its holdings in Boot Barn by 164.4% in the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock valued at $32,000 after buying an additional 120 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Boot Barn during the 3rd quarter valued at approximately $42,000. Finally, Independence Bank of Kentucky purchased a new stake in shares of Boot Barn during the 3rd quarter worth approximately $46,000.

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.