Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Has Consensus Target Price of $219.55 According to Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned a consensus rating of “Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $215.58.

A number of equities analysts have commented on the company. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Craig Hallum cut their price objective on shares of Boot Barn from $235.00 to $224.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Stephens increased their price objective on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Robert W. Baird decreased their target price on shares of Boot Barn from $212.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, September 29th. Finally, BTIG Research reaffirmed a “buy” rating and set a $215.00 price target on shares of Boot Barn in a report on Tuesday, September 15th.

Institutional Trading of Boot Barn

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Boot Barn by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,858 shares of the company’s stock valued at $962,000 after purchasing an additional 271 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Boot Barn during the second quarter worth $468,000. Integrated Wealth Concepts LLC bought a new position in shares of Boot Barn in the 2nd quarter valued at $46,000. Allworth Financial LP grew its position in Boot Barn by 160.2% during the 2nd quarter. Allworth Financial LP now owns 346 shares of the company’s stock worth $57,000 after acquiring an additional 213 shares during the last quarter. Finally, Nykredit A S acquired a new position in Boot Barn in the 2nd quarter worth about $238,000.

Boot Barn Stock Up 0.8%

NYSE:BOOT opened at $121.98 on Tuesday. Boot Barn has a twelve month low of $119.21 and a twelve month high of $210.25. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.78 and a beta of 1.76. The stock’s 50 day moving average price is $147.50 and its two-hundred day moving average price is $155.31.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. The business had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.Boot Barn’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted $1.74 earnings per share. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. As a group, analysts anticipate that Boot Barn will post 9.18 earnings per share for the current year.

About Boot Barn

Boot Barn Holdings, Inc is a specialty retailer focused on western and work-related apparel, footwear and accessories. The company sells products for men, women and children, including western boots, work boots, jeans, shirts, jackets, hats, belts, jewelry and other lifestyle merchandise. Its assortment includes national brands as well as exclusive and private-label offerings.

Boot Barn serves customers through a network of retail stores across the United States and through its e-commerce platforms.