Boot Barn Holdings, Inc. (NYSE:BOOT) Receives $226.92 Average PT from Brokerages

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $226.9167.

Several brokerages recently weighed in on BOOT. Bank of America reduced their price target on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a report on Friday, May 15th. BTIG Research reiterated a “buy” rating and set a $235.00 price target on shares of Boot Barn in a research report on Friday, May 15th. Citigroup reissued a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. TD Cowen restated a “buy” rating on shares of Boot Barn in a research report on Wednesday, June 17th. Finally, Robert W. Baird reduced their target price on Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday, May 15th.

Boot Barn Stock Performance

BOOT opened at $149.41 on Thursday. Boot Barn has a fifty-two week low of $133.18 and a fifty-two week high of $210.25. The company has a fifty day moving average of $161.89 and a two-hundred day moving average of $169.85. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.04 and a beta of 1.69.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The business had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.43 million. During the same quarter in the prior year, the firm posted $1.22 earnings per share. The company’s revenue was up 18.7% compared to the same quarter last year. 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, equities research analysts forecast that Boot Barn will post 8.56 earnings per share for the current year.

Hedge Funds Weigh In On Boot Barn

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in shares of Boot Barn by 7.2% in the fourth quarter. IFP Advisors Inc now owns 942 shares of the company’s stock valued at $166,000 after purchasing an additional 63 shares during the period. Cynosure Group LLC raised its stake in Boot Barn by 3.3% during the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock worth $430,000 after purchasing an additional 78 shares during the period. GAMMA Investing LLC boosted its holdings in Boot Barn by 5.6% in the 4th quarter. GAMMA Investing LLC now owns 1,505 shares of the company’s stock valued at $266,000 after purchasing an additional 80 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Boot Barn by 20.7% in the 4th quarter. Farther Finance Advisors LLC now owns 496 shares of the company’s stock valued at $88,000 after purchasing an additional 85 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its stake in shares of Boot Barn by 0.3% in the 4th quarter. State of Wisconsin Investment Board now owns 33,374 shares of the company’s stock valued at $5,890,000 after buying an additional 89 shares during the period.

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.