Boot Barn (NYSE:BOOT) Stock Price Target Lowered at Robert W. Baird

Boot Barn (NYSE:BOOT) had its price objective cut by stock analysts at Robert W. Baird from $160.00 to $145.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird‘s price target indicates a potential upside of 27.95% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. UBS Group decreased their price objective on shares of Boot Barn from $272.00 to $232.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Stephens lifted their price objective on shares of Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Citigroup reduced their target price on shares of Boot Barn from $205.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Finally, Craig Hallum reduced their price target on Boot Barn from $235.00 to $224.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $203.62.

Boot Barn Trading Up 1.5%

BOOT stock opened at $113.32 on Thursday. Boot Barn has a twelve month low of $110.53 and a twelve month high of $210.25. The company’s 50 day moving average is $132.49 and its two-hundred day moving average is $159.01. The stock has a market cap of $3.43 billion, a P/E ratio of 14.34, a PEG ratio of 0.74 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.10. The business had revenue of $581.81 million during the quarter, compared to analysts’ expectations of $580.80 million. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. On average, equities research analysts predict that Boot Barn will post 9.19 earnings per share for the current year.

Institutional Trading of Boot Barn

A number of institutional investors and hedge funds have recently made changes to their positions in BOOT. Summit Global Investments acquired a new stake in shares of Boot Barn during the third quarter valued at about $251,000. Partners Wealth Management LLC bought a new stake in shares of Boot Barn in the 3rd quarter valued at approximately $422,000. Moody Aldrich Partners LLC raised its holdings in shares of Boot Barn by 72.1% during the third quarter. Moody Aldrich Partners LLC now owns 34,797 shares of the company’s stock worth $4,192,000 after purchasing an additional 14,573 shares during the period. Park Avenue Securities LLC lifted its holdings in Boot Barn by 5.7% in the third quarter. Park Avenue Securities LLC now owns 2,851 shares of the company’s stock worth $343,000 after acquiring an additional 154 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Boot Barn by 183.3% during the 3rd quarter. Signaturefd LLC now owns 255 shares of the company’s stock valued at $31,000 after purchasing an additional 165 shares during the period.

More Boot Barn News

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

• Positive Sentiment: Boot Barn earned $1.73 per diluted share, exceeding the $1.63 analyst consensus and rising 26.3% from $1.37 a year earlier. Revenue increased 15.1% year over year to $581.8 million, slightly above expectations. Boot Barn Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and cash generation improved: gross profit rose 17.6% to $216.5 million, operating profit reached $70.2 million, and operating cash flow grew 55% to $39.9 million. These results suggest the company is benefiting from sales growth and operating leverage. Boot Barn Q2 2027 Earnings
• Positive Sentiment: The board authorized an additional $400 million for share repurchases, which could support per-share earnings and signal management’s confidence in the valuation after the stock’s recent decline. Boot Barn Announces Q2 Results and Repurchase Authorization
• Neutral Sentiment: Management’s earnings call focused investor attention on store expansion, workwear demand, margins and the company’s updated fiscal-year plans. The market is weighing strong current performance against more cautious forward expectations. Boot Barn Q2 2027 Earnings Call Transcript
• Negative Sentiment: Boot Barn cut its fiscal-year outlook despite the quarterly beat. Lower projected revenue or earnings increases uncertainty over the pace of demand and likely explains why investors remain cautious. Boot Barn Cuts Fiscal-Year Outlook

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.