Boot Barn (NYSE:BOOT) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Boot Barn (NYSE:BOOT) in a research note released on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $225.00 target price on the stock.

A number of other brokerages have also recently commented on BOOT. BTIG Research raised their target price on Boot Barn from $218.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. UBS Group upped their price target on Boot Barn from $241.00 to $248.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. TD Cowen lifted their price objective on Boot Barn from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $220.00 price objective (up from $218.00) on shares of Boot Barn in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and a consensus target price of $198.00.

Boot Barn Trading Down 1.9%

BOOT opened at $203.94 on Thursday. The company’s 50 day moving average is $187.29 and its 200 day moving average is $175.49. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.66 and a beta of 1.59. Boot Barn has a 12-month low of $86.17 and a 12-month high of $210.25.

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 the consensus estimate of $1.26 by $0.11. The business had revenue of $505.40 million for the quarter, compared to the consensus estimate of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS. As a group, analysts predict that Boot Barn will post 5.82 EPS for the current fiscal year.

Insider Activity at Boot Barn

In other news, Chairman Peter Starrett sold 6,498 shares of the business’s 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 transaction, the chairman owned 9,599 shares of the company’s stock, valued at approximately $1,823,810. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gene Eddie Burt sold 1,200 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $191.41, for a total transaction of $229,692.00. Following the transaction, the director 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 SEC filing for this sale provides additional information. Company insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On Boot Barn

Several large investors have recently made changes to their positions in BOOT. Campbell Newman Asset Management Inc. boosted its stake in Boot Barn by 0.5% during the third quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock valued at $2,145,000 after buying an additional 60 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Boot Barn by 2.4% during the 3rd quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock worth $468,000 after acquiring an additional 66 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Boot Barn by 3.4% during the 2nd quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company’s stock worth $345,000 after acquiring an additional 74 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in shares of Boot Barn by 5.3% during 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 last quarter. Finally, Amalgamated Bank grew its holdings in shares of Boot Barn by 0.9% in the third quarter. Amalgamated Bank now owns 8,755 shares of the company’s stock valued at $1,451,000 after purchasing an additional 79 shares in the last quarter.

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.