Boot Barn (NYSE:BOOT) Raised to “Buy” at Jefferies Financial Group

Boot Barn (NYSE:BOOT) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report released on Monday, MarketBeat reports. The brokerage presently has a $195.00 price objective on the stock. Jefferies Financial Group’s price target points to a potential upside of 30.55% from the stock’s previous close.

A number of other equities analysts also recently issued reports on BOOT. Zacks Research downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Stephens raised Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price target for the company in a report on Friday, February 6th. The Goldman Sachs Group started coverage on Boot Barn in a report on Thursday, December 11th. They issued a “buy” rating and a $225.00 price target for the company. Citigroup upped their price target on Boot Barn from $230.00 to $232.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a report on Thursday, February 5th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and an average price target of $217.00.

Boot Barn Stock Performance

Shares of Boot Barn stock opened at $149.36 on Monday. Boot Barn has a one year low of $86.17 and a one year high of $210.25. The company has a market cap of $4.54 billion, a PE ratio of 20.98, a P/E/G ratio of 0.82 and a beta of 1.75. The business has a 50-day simple moving average of $174.38 and a 200-day simple moving average of $182.00.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.79. The firm had revenue of $705.64 million during the quarter, compared to the consensus estimate of $700.71 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.43 earnings per share. 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. On average, sell-side analysts predict that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boot Barn

Large investors have recently modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of Boot Barn in the third quarter valued at approximately $25,000. Los Angeles Capital Management LLC acquired a new stake in shares of Boot Barn in the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust boosted its holdings in shares of 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 acquiring an additional 120 shares during the period. Salomon & Ludwin LLC acquired a new stake in shares of Boot Barn in the third quarter valued at approximately $42,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Boot Barn in the third quarter valued at approximately $46,000.

Boot Barn News Roundup

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

• Positive Sentiment: Jefferies upgraded BOOT from Hold to Buy, citing a valuation reset, resilient fundamentals and continued long‑term growth potential; Jefferies set a $195 price target (roughly ~30% upside vs. the recent price). Jefferies upgraded Boot Barn (Proactive) Boot Barn stock jumps 8% on Jefferies upgrade (Investing.com)
• Positive Sentiment: Market reaction: multiple reports note an intraday rally (around +8% in some outlets) and above‑average volume after the Jefferies note — this trade flow is driving near‑term price strength. Investing.com coverage of the rally
• Positive Sentiment: Analyst consensus remains constructive: a recent roundup shows an average recommendation of “Moderate Buy,” which supports momentum and gives cover for more optimistic targets. Average analyst recommendation (AMBN)
• Neutral Sentiment: Operational expansion: a local store opening in Mays Landing, NJ, was reported — small positive for footprint/omnichannel presence but unlikely to materially move near‑term earnings. Boot Barn opening in Mays Landing (local)
• Negative Sentiment: Critical coverage: a recent critical review compared Boot Barn with peers and flagged risks (valuation and competitive factors); while not dominating the tape, it could temper upside if echoed by other analysts. Critical review (AMBN)

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.