Boot Barn (NYSE:BOOT) Stock Price Down 5.4% – Here’s Why

Boot Barn Holdings, Inc. (NYSE:BOOT) traded down 5.4% during mid-day trading on Monday . The company traded as low as $155.57 and last traded at $155.2290. 507,455 shares were traded during trading, a decline of 22% from the average session volume of 650,618 shares. The stock had previously closed at $164.11.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BOOT shares. Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Jefferies Financial Group lifted their price target on Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a research note on Monday, January 12th. UBS Group boosted their price objective on Boot Barn from $265.00 to $267.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Weiss Ratings lowered Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 4th. Finally, The Goldman Sachs Group initiated coverage on Boot Barn in a research report on Thursday, December 11th. They set a “buy” rating and a $225.00 target price on the stock. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $217.00.

Boot Barn Price Performance

The company has a market capitalization of $4.80 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66. The firm has a fifty day moving average price of $186.48 and a 200-day moving average price of $185.35.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, hitting analysts’ consensus estimates of $2.79. The business had revenue of $705.64 million for the quarter, compared to analyst estimates of $700.71 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.Boot Barn’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.43 earnings per share. 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, research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Hedge Funds Weigh In On Boot Barn

Several institutional investors have recently added to or reduced their stakes in BOOT. Price T Rowe Associates Inc. MD boosted its stake in Boot Barn by 83.6% in the fourth 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. Balyasny Asset Management L.P. raised its holdings in shares of Boot Barn by 2,547.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after purchasing an additional 453,396 shares during the period. Invesco Ltd. lifted its stake in Boot Barn by 46.3% in the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock valued at $152,033,000 after purchasing an additional 290,493 shares during the last quarter. Marshall Wace LLP lifted its stake in Boot Barn by 63.3% in the second quarter. Marshall Wace LLP now owns 655,923 shares of the company’s stock valued at $99,700,000 after purchasing an additional 254,296 shares during the last quarter. Finally, Westwood Holdings Group Inc. bought a new position in Boot Barn during the second quarter valued at $34,790,000.

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.