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

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been given a consensus rating of “Buy” by the fifteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $217.00.

Several analysts recently issued reports on BOOT shares. Weiss Ratings raised Boot Barn from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday. BTIG Research reaffirmed a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a research report on Thursday, February 5th. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. The Goldman Sachs Group started coverage on Boot Barn in a report on Thursday, December 11th. They set a “buy” rating and a $225.00 price target on the stock. Finally, Stephens raised Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price for the company in a research report on Friday, February 6th.

Insider Transactions at Boot Barn

In related news, Director Gene Eddie Burt sold 1,200 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the completion of the transaction, the director directly owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This trade represents a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Boot Barn

A number of hedge funds have recently made changes to their positions in the company. Campbell Newman Asset Management Inc. increased its stake in Boot Barn by 0.5% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 12,944 shares of the company’s stock worth $2,145,000 after acquiring an additional 60 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Boot Barn by 7.2% in the fourth quarter. IFP Advisors Inc now owns 942 shares of the company’s stock valued at $166,000 after purchasing an additional 63 shares in the last quarter. Park Avenue Securities LLC increased its position in Boot Barn by 2.4% in the third quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock worth $468,000 after purchasing an additional 66 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Boot Barn by 5.3% during the third quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $255,000 after purchasing an additional 78 shares in the last quarter. Finally, Cynosure Group LLC lifted its position in Boot Barn by 3.3% during the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock valued at $430,000 after purchasing an additional 78 shares during the last quarter.

Boot Barn Trading Up 1.6%

Shares of Boot Barn stock opened at $199.98 on Monday. The company’s 50-day moving average price is $189.51 and its 200-day moving average price is $184.15. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 1.42 and a beta of 1.67. Boot Barn has a 12-month low of $86.17 and a 12-month high of $210.25.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, meeting the consensus estimate of $2.79. The company had revenue of $705.64 million for the quarter, compared to analyst estimates of $700.71 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.43 EPS. 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 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.