Boot Barn (NYSE:BOOT) Given Buy Rating at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Boot Barn (NYSE:BOOT) in a research report report published on Friday,Benzinga reports. The firm currently has a $235.00 price objective on the stock.

Several other research analysts have also recently commented on the stock. Weiss Ratings cut shares of Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 4th. Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price target on the stock in a research report on Friday, February 6th. Piper Sandler upped their price target on shares of Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research report on Monday, April 6th. Finally, Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $230.83.

Boot Barn Trading Down 1.7%

Shares of BOOT opened at $143.92 on Friday. Boot Barn has a 12 month low of $133.18 and a 12 month high of $210.25. The firm has a fifty day simple moving average of $158.86 and a 200 day simple moving average of $178.99. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.89 and a beta of 1.73.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.52%. The business had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.44 million. During the same quarter in the prior year, the company posted $1.22 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis. 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. As a group, research analysts predict that Boot Barn will post 8.54 earnings per share for the current fiscal year.

Institutional Trading of Boot Barn

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in shares of Boot Barn by 7.2% during the 4th quarter. IFP Advisors Inc now owns 942 shares of the company’s stock worth $166,000 after buying an additional 63 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Boot Barn by 2.4% during the 3rd quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock worth $468,000 after buying an additional 66 shares during the last quarter. Koshinski Asset Management Inc. grew its position in shares of Boot Barn by 5.3% in the third quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $255,000 after purchasing an additional 78 shares during the last quarter. Cynosure Group LLC grew its position in shares of Boot Barn by 3.3% in the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock valued at $430,000 after purchasing an additional 78 shares during the last quarter. Finally, Amalgamated Bank grew its position in shares of Boot Barn by 0.9% in the third quarter. Amalgamated Bank now owns 8,755 shares of the company’s stock valued at $1,451,000 after purchasing an additional 79 shares during the last quarter.

Boot Barn News Roundup

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

• Positive Sentiment: Boot Barn reported fiscal Q4 earnings and revenue that both topped Wall Street estimates, with EPS of $1.45 versus $1.43 expected and revenue of $538.75 million versus $531.23 million expected. Revenue rose 18.7% year over year, suggesting demand remains solid. Article source
• Positive Sentiment: The company described the period as a “record year” and continued to highlight store expansion, including an 80-store increase, which supports a longer-term growth story. Article source
• Positive Sentiment: Boot Barn’s fiscal 2027 outlook calls for $2.6 billion in revenue and EPS of $8.21 to $8.64, reinforcing management’s confidence in continued growth. Article source
• Neutral Sentiment: Several brokerages reiterated bullish ratings, but some lowered their price targets after the earnings update, including Bank of America and Robert W. Baird, indicating expectations remain constructive but have been adjusted downward. Article source
• Negative Sentiment: Boot Barn’s first-quarter fiscal 2027 EPS guidance of $1.62 to $1.71 came in below the consensus estimate of $1.94, which may be pressuring the stock despite the strong Q4 beat. Article source

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.