Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $191.46.

Several equities analysts recently weighed in on BOOT shares. Stephens increased their target price on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. TD Cowen decreased their price target on Boot Barn from $160.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Finally, Citigroup dropped their price objective on shares of Boot Barn from $205.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th.

Boot Barn Stock Performance

Shares of BOOT opened at $131.77 on Friday. The stock has a fifty day moving average of $131.15 and a two-hundred day moving average of $158.33. The company has a market capitalization of $3.94 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.86 and a beta of 1.76. Boot Barn has a fifty-two week low of $110.53 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. Boot Barn had a return on equity of 18.82% and a net margin of 10.45%. The company had revenue of $581.81 million for the quarter, compared to analyst estimates of $580.80 million. During the same quarter in the prior year, the company posted $1.37 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, equities research analysts forecast that Boot Barn will post 9.00 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boot Barn

A number of institutional investors have recently bought and sold shares of BOOT. CoreCap Advisors LLC boosted its position in Boot Barn by 85.8% during the 3rd quarter. CoreCap Advisors LLC now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 103 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new stake in Boot Barn in the 3rd quarter valued at $27,000. Signaturefd LLC increased its holdings in Boot Barn by 183.3% in the 3rd quarter. Signaturefd LLC now owns 255 shares of the company’s stock valued at $31,000 after purchasing an additional 165 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Boot Barn in the 2nd quarter valued at $33,000. Finally, Richardson Financial Services Inc. increased its holdings in Boot Barn by 53.5% in the 3rd quarter. Richardson Financial Services Inc. now owns 284 shares of the company’s stock valued at $34,000 after purchasing an additional 99 shares in the last quarter.

Key Stories Impacting Boot Barn

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

• Positive Sentiment: Boot Barn exceeded quarterly EPS expectations, with earnings of approximately $1.68 per share versus the $1.63 consensus estimate. Margin gains and year-over-year profit growth helped offset weaker-than-expected sales. BOOT Q2 Earnings Beat Estimates on Margin Gains, Sales Miss
• Positive Sentiment: The retailer raised its store expansion ambitions, planning to open 75 to 80 new locations in fiscal 2027. Management also highlighted Boot Barn Workforce, which generated about $100 million in commercial sales last fiscal year, supporting the longer-term growth narrative. Boot Barn outlines fiscal 2027 outlook
• Positive Sentiment: Boot Barn authorized an additional $400 million for share repurchases, potentially providing support for earnings per share and signaling confidence in the company’s financial position. Boot Barn announces results and share repurchase authorization
• Neutral Sentiment: Robert W. Baird maintained an “outperform” rating but reduced its price target from $160 to $145, while Zacks downgraded the stock to “hold.” The mixed analyst actions reflect stronger near-term profitability but more cautious growth expectations.
• Negative Sentiment: Fiscal third-quarter guidance calls for EPS of $3.03–$3.19 and revenue of $785 million–$802 million, below analyst expectations of $3.42 and $816.2 million, respectively.
• Negative Sentiment: Fiscal 2027 EPS guidance was reduced to $8.72–$9.00, below the $9.02 consensus. Although projected revenue of approximately $2.6 billion matches expectations, the lower profit outlook suggests pressure from sales trends, costs, or investment in expansion. Boot Barn posts higher profit and trims guidance

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.