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

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $230.8333.

BOOT has been the subject of a number of research analyst reports. UBS Group upped their target price on Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Piper Sandler cut their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Zacks Research downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Stephens upgraded Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective for the company in a research report on Friday, February 6th. Finally, BTIG Research reiterated a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a research report on Friday, May 15th.

Institutional Investors Weigh In On Boot Barn

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in shares of Boot Barn by 4.3% during the 4th quarter. Wellington Management Group LLP now owns 1,206,107 shares of the company’s stock valued at $212,842,000 after acquiring an additional 49,790 shares during the last quarter. State Street Corp lifted its position in shares of Boot Barn by 0.6% during the 4th quarter. State Street Corp now owns 1,176,193 shares of the company’s stock valued at $207,563,000 after acquiring an additional 7,410 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Boot Barn by 83.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock valued at $194,725,000 after acquiring an additional 502,275 shares during the last quarter. Invesco Ltd. lifted its position in shares of Boot Barn by 15.7% during the 4th quarter. Invesco Ltd. now owns 1,061,668 shares of the company’s stock valued at $187,353,000 after acquiring an additional 144,262 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Boot Barn by 38.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock valued at $127,642,000 after acquiring an additional 200,971 shares during the last quarter.

Boot Barn Price Performance

BOOT opened at $164.12 on Wednesday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73. Boot Barn has a 1-year low of $133.18 and a 1-year high of $210.25. The business has a 50 day moving average price of $155.66 and a two-hundred day moving average price of $176.85.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. The firm had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.44 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Equities analysts expect that Boot Barn will post 8.54 EPS for the current fiscal year.

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.