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

Boot Barn Holdings, Inc. (NYSE:BOOT) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $226.9167.

Several brokerages recently issued reports on BOOT. Bank of America lowered their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Zacks Research lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. TD Cowen reiterated a “buy” rating on shares of Boot Barn in a report on Wednesday. Finally, Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a report on Monday, April 6th.

Institutional Trading of Boot Barn

Large investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in Boot Barn during the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in Boot Barn during the 3rd quarter worth about $49,000. Danske Bank A S grew its holdings in Boot Barn by 200.0% during the 4th quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after acquiring an additional 200 shares during the period. Hantz Financial Services Inc. grew its holdings in Boot Barn by 284.1% during the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after acquiring an additional 250 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in Boot Barn during the 3rd quarter worth about $60,000.

Boot Barn Stock Up 0.2%

Shares of NYSE:BOOT opened at $174.54 on Friday. The firm has a market cap of $5.30 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.22 and a beta of 1.70. Boot Barn has a 12-month low of $133.18 and a 12-month high of $210.25. The business has a fifty day simple moving average of $162.07 and a 200 day simple moving average of $175.15.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.02. The business had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.44 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.Boot Barn’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the company earned $1.22 EPS. 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. As a group, equities research analysts expect that Boot Barn will post 8.54 EPS for the current 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.