Boot Barn (NYSE:BOOT) Trading Down 4.4% – What’s Next?

Boot Barn Holdings, Inc. (NYSE:BOOT)’s share price dropped 4.4% on Thursday . The stock traded as low as $189.47 and last traded at $190.0820. Approximately 250,283 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 648,581 shares. The stock had previously closed at $198.78.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price objective on Boot Barn from $248.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Citigroup raised their target price on Boot Barn from $225.00 to $230.00 and gave the company a “buy” rating in a report on Friday, January 16th. Jefferies Financial Group lifted their target price on Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a research report on Monday, January 12th. Piper Sandler increased their price target on shares of Boot Barn from $220.00 to $229.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Seaport Research Partners lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and an average target price of $206.08.

Boot Barn Stock Down 5.4%

The stock has a market cap of $5.73 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.46 and a beta of 1.61. The firm has a fifty day moving average of $190.63 and a 200 day moving average of $181.38.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.11. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The business had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. During the same period in the prior year, the firm posted $0.95 EPS. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS. On average, equities research analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Insider Activity at Boot Barn

In other Boot Barn news, Chairman Peter Starrett sold 6,498 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $190.00, for a total transaction of $1,234,620.00. Following the sale, the chairman owned 9,599 shares of the company’s stock, valued at approximately $1,823,810. This trade represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gene Eddie Burt sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $191.41, for a total transaction of $229,692.00. Following the sale, the director owned 3,338 shares of the company’s stock, valued at $638,926.58. This represents a 26.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.66% of the company’s stock.

Institutional Trading of Boot Barn

A number of hedge funds and other institutional investors have recently made changes to their positions in BOOT. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Boot Barn by 3.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 51,755 shares of the company’s stock valued at $7,867,000 after acquiring an additional 1,666 shares during the period. Whittier Trust Co. increased its holdings in shares of Boot Barn by 2.6% in the 2nd quarter. Whittier Trust Co. now owns 102,538 shares of the company’s stock valued at $15,586,000 after acquiring an additional 2,613 shares during the period. Parallel Advisors LLC raised its position in Boot Barn by 512.6% in the 2nd quarter. Parallel Advisors LLC now owns 533 shares of the company’s stock valued at $81,000 after purchasing an additional 446 shares during the last quarter. GatePass Capital LLC acquired a new stake in Boot Barn during the 3rd quarter worth $1,662,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Boot Barn during the 2nd quarter worth $239,000.

About Boot Barn

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.