Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $226.92 Consensus Price Target from Analysts

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

BOOT has been the topic of a number of recent research reports. Bank of America lowered their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a report on Friday, May 15th. UBS Group set a $225.00 target price on shares of Boot Barn in a research report on Wednesday, June 17th. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. TD Cowen reiterated a “buy” rating on shares of Boot Barn in a research report on Wednesday, June 17th. Finally, Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Monday, April 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BOOT. Alliance Wealth Advisors LLC UT acquired a new position in shares of Boot Barn in the third quarter valued at approximately $607,000. Principal Financial Group Inc. boosted its holdings in shares of Boot Barn by 11.4% during the 4th quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock worth $69,370,000 after buying an additional 40,282 shares in the last quarter. UBS Group AG boosted its holdings in shares of Boot Barn by 16.4% during the 4th quarter. UBS Group AG now owns 172,380 shares of the company’s stock worth $30,420,000 after buying an additional 24,229 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Boot Barn in the 4th quarter worth $2,644,000. Finally, TD Asset Management Inc bought a new position in shares of Boot Barn in the 3rd quarter worth $1,160,000.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $177.69 on Friday. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.25 and a beta of 1.70. The firm’s 50 day simple moving average is $163.97 and its 200 day simple moving average is $174.38. Boot Barn has a fifty-two week low of $133.18 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.43 by $0.02. The firm had revenue of $538.75 million for the quarter, compared to the consensus estimate of $531.44 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the company posted $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. Equities research analysts expect that Boot Barn will post 8.54 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.