Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) Price Target at $219.55

Boot Barn Holdings, Inc. (NYSE:BOOT) has been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $219.5455.

A number of analysts recently issued reports on the company. Piper Sandler lowered their price target on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Bank of America dropped their price target on Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Weiss Ratings downgraded Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. Finally, Robert W. Baird set a $212.00 target price on Boot Barn in a research note on Thursday, July 30th.

Boot Barn Trading Up 0.2%

Shares of BOOT stock opened at $154.67 on Friday. Boot Barn has a 12-month low of $133.18 and a 12-month high of $210.25. The stock’s 50-day moving average price is $157.71 and its 200-day moving average price is $162.85. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 0.99 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.60. The business had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 EPS. 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. As a group, research analysts predict that Boot Barn will post 9.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Boot Barn

Hedge funds and other institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in Boot Barn during the 4th quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Boot Barn in the 2nd quarter valued at $33,000. Quantbot Technologies LP acquired a new stake in shares of Boot Barn in the second quarter worth $46,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Boot Barn in the third quarter worth $49,000. Finally, Danske Bank A S raised its holdings in shares of Boot Barn by 200.0% during the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after purchasing an additional 200 shares during the last quarter.

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.