Boot Barn (NYSE:BOOT) Cut to Hold at Seaport Res Ptn

Seaport Res Ptn cut shares of Boot Barn (NYSE:BOOT) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently commented on BOOT. Cowen restated a “buy” rating on shares of Boot Barn in a research report on Monday, July 28th. BTIG Research boosted their price objective on shares of Boot Barn from $200.00 to $218.00 and gave the company a “buy” rating in a report on Friday, August 1st. KeyCorp boosted their price objective on shares of Boot Barn from $195.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Piper Sandler boosted their price objective on shares of Boot Barn from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Jefferies Financial Group downgraded shares of Boot Barn from a “buy” rating to a “hold” rating and reduced their price target for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.55.

Boot Barn Price Performance

Shares of BOOT stock opened at $193.44 on Monday. The firm’s 50-day moving average is $179.08 and its two-hundred day moving average is $160.33. Boot Barn has a 12 month low of $86.17 and a 12 month high of $204.71. The company has a market capitalization of $5.91 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.61.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, October 29th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. Sell-side analysts forecast that Boot Barn will post 5.82 EPS for the current year.

Institutional Investors Weigh In On Boot Barn

Several large investors have recently added to or reduced their stakes in BOOT. ORG Partners LLC purchased a new stake in shares of Boot Barn during the third quarter worth $25,000. Bessemer Group Inc. increased its stake in shares of Boot Barn by 134.2% during the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock worth $28,000 after buying an additional 106 shares during the period. Golden State Wealth Management LLC increased its position in shares of Boot Barn by 263.6% in the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company’s stock valued at $30,000 after purchasing an additional 203 shares during the last quarter. Maseco LLP purchased a new stake in shares of Boot Barn in the 2nd quarter valued at approximately $40,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Boot Barn in the 3rd quarter valued at approximately $42,000.

Boot Barn Company Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.