Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) Price Target at $230.83

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $230.8333.

BOOT has been the subject of several recent analyst reports. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Bank of America lowered their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Citigroup restated a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Zacks Research downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Finally, UBS Group raised their target price on Boot Barn from $270.00 to $272.00 and gave the company a “buy” rating in a research note on Friday, May 15th.

Institutional Trading of Boot Barn

Large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new stake in shares of Boot Barn during the fourth quarter valued at about $29,000. Parkside Financial Bank & Trust lifted its position in shares of Boot Barn by 164.4% during the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after purchasing an additional 120 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Boot Barn during the third quarter worth about $49,000. Danske Bank A S lifted its position in shares of Boot Barn by 200.0% during the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after purchasing an additional 200 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Boot Barn by 284.1% during the fourth quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock worth $60,000 after purchasing an additional 250 shares during the last quarter.

Boot Barn Trading Up 1.2%

Shares of NYSE BOOT opened at $171.87 on Wednesday. Boot Barn has a 12-month low of $133.18 and a 12-month high of $210.25. The company has a market cap of $5.22 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.19 and a beta of 1.70. The stock has a fifty day moving average price of $156.46 and a 200 day moving average price of $176.41.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.02. The firm had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.44 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, sell-side analysts forecast that Boot Barn will post 8.54 EPS for the current fiscal year.

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.