Boot Barn (NYSE:BOOT) Price Target Raised to $225.00

Boot Barn (NYSE:BOOT) had its price target lifted by TD Cowen from $210.00 to $225.00 in a report published on Thursday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Seaport Res Ptn cut Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Jefferies Financial Group cut Boot Barn from a “buy” rating to a “hold” rating and dropped their target price for the company from $187.00 to $175.00 in a research report on Wednesday, July 23rd. Piper Sandler restated an “overweight” rating and set a $220.00 target price (up from $218.00) on shares of Boot Barn in a research report on Thursday. Cowen restated a “buy” rating on shares of Boot Barn in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Boot Barn from $207.00 to $247.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Boot Barn presently has an average rating of “Moderate Buy” and a consensus target price of $195.25.

Boot Barn Stock Performance

Shares of BOOT opened at $189.69 on Thursday. The business’s 50-day moving average is $179.73 and its two-hundred day moving average is $161.64. The company has a market capitalization of $5.80 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.94 and a beta of 1.61. Boot Barn has a fifty-two week low of $86.17 and a fifty-two week high of $205.31.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.11. The company had revenue of $505.40 million for the quarter, compared to the consensus estimate of $493.70 million. Boot Barn had a return on equity of 18.41% and a net margin of 10.05%.The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last 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. Analysts forecast that Boot Barn will post 5.82 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Partners LLC purchased a new position in Boot Barn in the 3rd quarter valued at about $25,000. Bessemer Group Inc. lifted its stake in Boot Barn by 134.2% in the 2nd quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after buying an additional 106 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Boot Barn by 164.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock valued at $32,000 after buying an additional 120 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in Boot Barn in the 3rd quarter valued at about $42,000. Finally, Maseco LLP purchased a new position in Boot Barn in the 2nd quarter worth approximately $40,000.

About Boot Barn

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.