Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) Price Target at $195.75

Boot Barn Holdings, Inc. (NYSE:BOOT) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $195.75.

Several research firms recently issued reports on BOOT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, October 8th. BTIG Research increased their target price on shares of Boot Barn from $218.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group boosted their price target on Boot Barn from $241.00 to $248.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $220.00 price target (up previously from $218.00) on shares of Boot Barn in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, November 6th.

Insider Activity at Boot Barn

In related news, Director Gene Eddie Burt sold 1,200 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $191.41, for a total transaction of $229,692.00. Following the completion of the sale, the director directly owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This represents a 26.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Peter Starrett sold 6,498 shares of the firm’s stock in a transaction 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 completion of the transaction, the chairman owned 9,599 shares in the company, valued at $1,823,810. The trade was a 40.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of Boot Barn in the third quarter valued at about $25,000. Bessemer Group Inc. boosted its stake in Boot Barn by 134.2% during the 2nd quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after purchasing an additional 106 shares during the period. Parkside Financial Bank & Trust boosted its stake in Boot Barn by 164.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 120 shares during the period. Maseco LLP acquired a new stake in Boot Barn in the 2nd quarter valued at approximately $40,000. Finally, Salomon & Ludwin LLC bought a new position in Boot Barn in the 3rd quarter worth approximately $42,000.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $201.97 on Wednesday. The business has a 50 day simple moving average of $183.81 and a 200 day simple moving average of $173.89. Boot Barn has a 52 week low of $86.17 and a 52 week high of $205.31. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.61 and a beta of 1.59.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The firm had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.95 earnings per share. 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, analysts predict that Boot Barn will post 5.82 EPS for the current year.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.