Boot Barn Holdings, Inc. (NYSE:BOOT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Boot Barn Holdings, Inc. (NYSE:BOOT) has been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $198.00.

Several equities analysts recently commented on the company. Piper Sandler reissued an “overweight” rating and set a $220.00 price target (up from $218.00) on shares of Boot Barn in a research report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Finally, TD Cowen lifted their price target on shares of Boot Barn from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th.

Boot Barn Stock Down 1.5%

NYSE:BOOT opened at $186.38 on Friday. The company has a market cap of $5.68 billion, a P/E ratio of 27.57, a P/E/G ratio of 1.51 and a beta of 1.59. The firm’s 50 day moving average is $190.69 and its two-hundred day moving average is $177.59. Boot Barn has a fifty-two week low of $86.17 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The company had revenue of $505.40 million for the quarter, compared to the consensus estimate of $493.70 million. During the same period last year, the business posted $0.95 EPS. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. 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. Research analysts forecast that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Boot Barn

In other Boot Barn news, Chairman Peter Starrett sold 6,498 shares of Boot Barn 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 completion of the transaction, the chairman owned 9,599 shares of the company’s stock, valued at $1,823,810. The trade was a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gene Eddie Burt sold 1,200 shares of Boot Barn 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 transaction, the director owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. The trade was a 26.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Boot Barn

Large investors have recently bought and sold shares of the stock. ORG Partners LLC bought a new stake in shares of Boot Barn in the 3rd quarter worth $25,000. Bessemer Group Inc. grew its holdings in Boot Barn by 134.2% during the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock worth $28,000 after acquiring an additional 106 shares during the period. Parkside Financial Bank & Trust grew its holdings in Boot Barn by 164.4% during the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after acquiring an additional 120 shares during the period. Maseco LLP bought a new stake in Boot Barn in the second quarter worth about $40,000. Finally, Salomon & Ludwin LLC acquired a new stake in Boot Barn in the 3rd quarter valued at about $42,000.

About Boot Barn

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.