Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Has Consensus Price Target of $219.55

Boot Barn Holdings, Inc. (NYSE:BOOT) has received a consensus rating of “Buy” from the fourteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $215.58.

Several equities research analysts recently commented on BOOT shares. Craig Hallum dropped their target price on Boot Barn from $235.00 to $224.00 and set a “buy” rating on the stock in a report on Tuesday. UBS Group set a $225.00 price target on Boot Barn in a report on Wednesday, June 17th. BTIG Research reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Boot Barn in a research report on Tuesday, September 15th. TD Cowen dropped their price objective on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Stephens lifted their price objective on shares of Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a research note on Monday, August 10th.

Hedge Funds Weigh In On Boot Barn

A number of institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its holdings in Boot Barn by 361.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock valued at $7,091,000 after purchasing an additional 37,951 shares during the last quarter. Fifth Third Bancorp grew its stake in Boot Barn by 15,768.5% during the 1st quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock valued at $5,017,000 after purchasing an additional 34,060 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in Boot Barn by 7.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 212,327 shares of the company’s stock valued at $34,879,000 after purchasing an additional 15,074 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Boot Barn by 335.5% during the 1st quarter. Hsbc Holdings PLC now owns 14,527 shares of the company’s stock worth $2,132,000 after purchasing an additional 11,191 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Boot Barn by 26.2% during the 1st quarter. Janus Henderson Group PLC now owns 211,066 shares of the company’s stock worth $30,894,000 after purchasing an additional 43,786 shares during the last quarter.

Boot Barn Trading Up 0.4%

Shares of NYSE BOOT opened at $120.95 on Tuesday. The stock has a fifty day moving average price of $148.06 and a 200 day moving average price of $155.54. Boot Barn has a 12-month low of $119.21 and a 12-month high of $210.25. The company has a market cap of $3.66 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.77 and a beta of 1.77.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The company had revenue of $593.51 million for the quarter, compared to analysts’ expectations of $583.15 million. During the same quarter in the previous year, the firm posted $1.74 earnings per share. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. On average, sell-side analysts forecast that Boot Barn will post 9.18 EPS for the current fiscal year.

About Boot Barn

Boot Barn Holdings, Inc is a specialty retailer focused on western and work-related apparel, footwear and accessories. The company sells products for men, women and children, including western boots, work boots, jeans, shirts, jackets, hats, belts, jewelry and other lifestyle merchandise. Its assortment includes national brands as well as exclusive and private-label offerings.

Boot Barn serves customers through a network of retail stores across the United States and through its e-commerce platforms.