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

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $217.00.

A number of research analysts have issued reports on BOOT shares. BTIG Research reissued a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a report on Thursday, February 5th. Seaport Research Partners cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. TD Cowen reissued a “buy” rating on shares of Boot Barn in a report on Thursday, October 30th. The Goldman Sachs Group started coverage on shares of Boot Barn in a report on Thursday, December 11th. They issued a “buy” rating and a $225.00 price objective for the company. Finally, Piper Sandler upped their price objective on shares of Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th.

Boot Barn Stock Performance

Shares of BOOT opened at $188.15 on Monday. The business’s 50-day moving average is $190.18 and its two-hundred day moving average is $183.25. The company has a market capitalization of $5.72 billion, a P/E ratio of 26.42, a P/E/G ratio of 1.33 and a beta of 1.67. 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 issued 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. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The business had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. During the same quarter in the previous year, the firm posted $2.43 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. 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. Analysts forecast that Boot Barn will post 5.82 EPS for the current year.

Insiders Place Their Bets

In related news, Director Gene Eddie Burt sold 1,200 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was 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. This represents a 26.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.66% of the company’s stock.

Institutional Trading of Boot Barn

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in shares of Boot Barn by 50.3% during the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after buying an additional 11,598 shares during the period. AQR Capital Management LLC increased its holdings in Boot Barn by 198.0% in the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock worth $957,000 after acquiring an additional 5,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Boot Barn by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock worth $1,894,000 after acquiring an additional 779 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Boot Barn by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock valued at $34,771,000 after purchasing an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in Boot Barn during the first quarter valued at $209,000.

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.