Boot Barn (NYSE:BOOT) Shares Down 5.4% – What’s Next?

Boot Barn Holdings, Inc. (NYSE:BOOT) dropped 5.4% during mid-day trading on Monday . The company traded as low as $155.57 and last traded at $155.2290. Approximately 507,455 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 650,618 shares. The stock had previously closed at $164.11.

Analyst Ratings Changes

BOOT has been the topic of several research analyst reports. BTIG Research reiterated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a report on Thursday, February 5th. Jefferies Financial Group increased their price target on shares of Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Monday, January 12th. Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Piper Sandler upped their target price on shares of Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, Citigroup increased their target price on shares of Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.00.

Boot Barn Trading Down 4.6%

The company has a market cap of $4.76 billion, a PE ratio of 22.00, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a fifty day simple moving average of $187.92 and a two-hundred day simple moving average of $185.61.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The business had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. During the same quarter last year, the business posted $2.43 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. On average, research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Boot Barn

Several institutional investors have recently modified their holdings of the company. ORG Partners LLC purchased a new position in Boot Barn in the third quarter valued at $25,000. Los Angeles Capital Management LLC acquired a new position in shares of Boot Barn during the 4th quarter worth about $29,000. Parkside Financial Bank & Trust boosted its position in shares of Boot Barn by 164.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after acquiring an additional 120 shares in the last quarter. Salomon & Ludwin LLC purchased a new position in shares of Boot Barn in the 3rd quarter valued at about $42,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Boot Barn during the 3rd quarter worth about $46,000.

Boot Barn Company Profile

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.