Weiss Ratings Reiterates “Hold (C+)” Rating for Boot Barn (NYSE:BOOT)

Boot Barn (NYSE:BOOT)‘s stock had its “hold (c+)” rating reiterated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research firms have also issued reports on BOOT. BTIG Research lifted their price target on shares of Boot Barn from $200.00 to $218.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Jefferies Financial Group cut Boot Barn from a “buy” rating to a “hold” rating and decreased their target price for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. Piper Sandler upped their target price on Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, July 28th. KeyCorp increased their price target on Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Boot Barn from $207.00 to $247.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Boot Barn has an average rating of “Moderate Buy” and a consensus price target of $182.54.

Boot Barn Trading Down 0.2%

Shares of NYSE BOOT opened at $168.05 on Wednesday. Boot Barn has a 12-month low of $86.17 and a 12-month high of $191.31. The company has a market cap of $5.13 billion, a PE ratio of 26.51, a P/E/G ratio of 1.70 and a beta of 1.61. The stock has a 50 day simple moving average of $173.23 and a 200-day simple moving average of $151.26.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.55 by $0.19. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The firm had revenue of $504.07 million for the quarter, compared to analysts’ expectations of $489.49 million. During the same quarter last year, the company earned $1.26 EPS. Boot Barn’s quarterly revenue was up 19.1% on a year-over-year basis. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. Sell-side analysts forecast that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boot Barn

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC lifted its position in shares of Boot Barn by 3.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 2,270 shares of the company’s stock worth $345,000 after purchasing an additional 74 shares during the period. MML Investors Services LLC raised its stake in Boot Barn by 2.2% during the second quarter. MML Investors Services LLC now owns 4,262 shares of the company’s stock worth $648,000 after buying an additional 93 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Boot Barn by 6.7% in the second quarter. Nisa Investment Advisors LLC now owns 1,582 shares of the company’s stock valued at $240,000 after buying an additional 99 shares during the period. Park Avenue Securities LLC lifted its holdings in Boot Barn by 5.7% in the first quarter. Park Avenue Securities LLC now owns 1,963 shares of the company’s stock valued at $211,000 after buying an additional 105 shares during the period. Finally, Bessemer Group Inc. boosted its position in Boot Barn by 134.2% during the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after acquiring an additional 106 shares during the last quarter.

Boot Barn Company Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.