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

Boot Barn Holdings, Inc. (NYSE:BOOT) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $226.9167.

Several brokerages have recently weighed in on BOOT. BTIG Research reaffirmed a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a research report on Friday, May 15th. Piper Sandler cut their price objective on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. TD Cowen reissued a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Bank of America dropped their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research report on Friday, May 15th.

Institutional Investors Weigh In On Boot Barn

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Boot Barn by 50.3% in the first quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after purchasing an additional 11,598 shares in the last quarter. AQR Capital Management LLC grew its position in shares of 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 buying an additional 5,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Boot Barn by 4.6% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Boot Barn by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after acquiring an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in Boot Barn during the first quarter valued at approximately $209,000.

Boot Barn Price Performance

BOOT stock opened at $154.75 on Thursday. The business has a 50-day moving average price of $162.18 and a 200 day moving average price of $170.85. The company has a market capitalization of $4.70 billion, a P/E ratio of 21.05, a PEG ratio of 1.09 and a beta of 1.69. Boot Barn has a 1-year low of $133.18 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last issued 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 company had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.43 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business 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. On average, analysts anticipate that Boot Barn will post 8.55 earnings per share for the current fiscal year.

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.