Boot Barn (NYSE:BOOT) Price Target Lowered to $206.00 at Bank of America

Boot Barn (NYSE:BOOT) had its price target dropped by equities research analysts at Bank of America from $224.00 to $206.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective would suggest a potential upside of 40.52% from the stock’s current price.

A number of other research firms have also recently commented on BOOT. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a report on Monday, April 6th. Weiss Ratings downgraded shares of Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 4th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. BTIG Research reaffirmed a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research note on Friday. Finally, Piper Sandler cut their target price on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $230.83.

Boot Barn Trading Up 0.2%

Shares of Boot Barn stock traded up $0.24 during trading on Friday, reaching $146.60. The stock had a trading volume of 1,066,711 shares, compared to its average volume of 691,487. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 0.89 and a beta of 1.73. The stock has a fifty day moving average price of $159.66 and a two-hundred day moving average price of $179.24. Boot Barn has a 52 week low of $133.18 and a 52 week high of $210.25.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The business had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.23 million. During the same quarter in the previous year, the business earned $1.22 earnings per share. Boot Barn’s quarterly revenue was up 18.7% on a year-over-year basis. 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, equities analysts forecast that Boot Barn will post 7.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Boot Barn

Several large investors have recently made changes to their positions in BOOT. Wellington Management Group LLP raised its position in Boot Barn by 4.3% during the fourth quarter. Wellington Management Group LLP now owns 1,206,107 shares of the company’s stock worth $212,842,000 after acquiring an additional 49,790 shares during the period. State Street Corp raised its position in Boot Barn by 0.6% during the fourth quarter. State Street Corp now owns 1,176,193 shares of the company’s stock worth $207,563,000 after acquiring an additional 7,410 shares during the period. Price T Rowe Associates Inc. MD raised its position in Boot Barn by 83.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after acquiring an additional 502,275 shares during the period. Invesco Ltd. raised its position in Boot Barn by 15.7% during the fourth quarter. Invesco Ltd. now owns 1,061,668 shares of the company’s stock worth $187,353,000 after acquiring an additional 144,262 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Boot Barn by 38.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after acquiring an additional 200,971 shares during the period.

Trending Headlines about Boot Barn

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Boot Barn reported fiscal Q4 earnings and revenue that topped Wall Street expectations, with EPS of $1.45 versus $1.43 expected and revenue of $538.75 million versus $531.23 million anticipated. Revenue rose 18.7% year over year, underscoring continued demand. Boot Barn (BOOT) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: The company gave a bullish fiscal 2027 outlook, guiding for $2.6 billion in sales and $8.21-$8.64 in EPS, which supports the view that growth can continue even after a strong year. Boot Barn outlines fiscal ’27 outlook with $2.6B sales and $8.64 EPS targets as store expansion continues
• Positive Sentiment: Boot Barn’s Q1 sales beat estimates, and shares were reported higher after the beat, suggesting the market is rewarding the company’s operating momentum. Boot Barn’s (NYSE:BOOT) Q1 CY2026 Sales Beat Estimates
• Neutral Sentiment: Analysts remain constructive overall, with Robert W. Baird and BTIG reiterating positive ratings, though Baird trimmed its price target slightly to $225 from $244. Analyst note on Boot Barn
• Neutral Sentiment: News about new businesses at The Shoppes at Gateway appears more related to the retail center than to Boot Barn’s fundamentals, so it is likely a limited stock driver. These new businesses are coming to The Shoppes at Gateway
• Negative Sentiment: The only notable caution is that the stock remains well below its 50-day and 200-day moving averages, suggesting sentiment had been weak before the earnings update.

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.