Boot Barn’s (BOOT) “Buy” Rating Reiterated at BTIG Research

BTIG Research reissued their buy rating on shares of Boot Barn (NYSE:BOOT) in a research note released on Tuesday morning,Benzinga reports. They currently have a $215.00 price objective on the stock.

Several other equities analysts have also commented on the stock. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Stephens upped their target price on shares of Boot Barn from $196.00 to $207.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. TD Cowen lowered their price target on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Robert W. Baird set a $212.00 price target on shares of Boot Barn in a report on Thursday, July 30th. Finally, UBS Group set a $225.00 price target on Boot Barn in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Boot Barn has a consensus rating of “Buy” and a consensus target price of $219.55.

Boot Barn Stock Up 0.3%

Shares of Boot Barn stock opened at $123.08 on Tuesday. The stock’s 50-day simple moving average is $154.04 and its 200-day simple moving average is $159.26. Boot Barn has a 52 week low of $120.64 and a 52 week high of $210.25. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.79 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. The firm had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. Boot Barn’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share. 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. On average, equities analysts expect that Boot Barn will post 9.18 earnings per share for the current year.

Hedge Funds Weigh In On Boot Barn

Several hedge funds have recently added to or reduced their stakes in BOOT. BlackRock Inc. purchased a new stake in Boot Barn during the second quarter valued at approximately $840,629,000. Wellington Management Group LLP grew its holdings in Boot Barn by 12.2% in the second quarter. Wellington Management Group LLP now owns 773,749 shares of the company’s stock worth $127,104,000 after purchasing an additional 84,250 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Boot Barn by 38.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 723,309 shares of the company’s stock worth $127,642,000 after purchasing an additional 200,971 shares during the last quarter. Bank of America Corp DE increased its position in shares of Boot Barn by 114.6% during the first quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock worth $95,921,000 after purchasing an additional 349,985 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Boot Barn by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 645,342 shares of the company’s stock worth $94,440,000 after purchasing an additional 9,816 shares in the last quarter.

More Boot Barn News

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

• Positive Sentiment: Raised quarterly outlook: Boot Barn issued second-quarter fiscal 2027 EPS guidance of $1.65, above the $1.62 analyst consensus, while revenue guidance of approximately $582 million was slightly ahead of the $581.8 million estimate. The better-than-expected outlook may support the stock by signaling resilient demand and earnings execution.
• Positive Sentiment: Analyst remains bullish: BTIG Research reiterated its Buy rating on Boot Barn, providing continued Wall Street support. BTIG Research Reiterates Buy Rating for Boot Barn
• Positive Sentiment: Digital sales momentum: Boot Barn’s e-commerce growth, store-based fulfillment and expansion are reportedly helping comparable-sales performance, potentially improving growth without relying solely on new stores. Boot Barn’s E-Commerce Strength Boosts Comparable Sales Growth
• Positive Sentiment: Industrial demand opportunity: Coverage highlights potential benefits from data-center construction and broader AI-related infrastructure investment, which may increase demand for work boots and related apparel. The Data Center Construction Boom Is Benefiting Boot Barn
• Neutral Sentiment: Boot Barn was included among analysts’ preferred consumer-cyclical picks, while a broader industry outlook also featured the company. These mentions reinforce visibility but do not provide a material new forecast. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Recent price weakness: Boot Barn recently reached a new one-year low, indicating continued selling pressure despite the company’s operating catalysts. Boot Barn Hits New 1-Year Low

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and workwear products. The company sells a broad selection of footwear, clothing, accessories and related merchandise designed for customers interested in Western lifestyles, outdoor activities and occupational work.

Its product offerings include cowboy boots, work boots, jeans, shirts, jackets, hats, belts, jewelry and safety equipment. Boot Barn carries recognized third-party brands such as Ariat, Justin, Wrangler and Carhartt, along with private-label brands including Cody James, Shyanne, Hawx and Moonshine Spirit.

Founded in 1978 in Orange County, California, Boot Barn has expanded from a single store into a multichannel retailer operating physical stores and an e-commerce platform.