Brokerages Set Boot Barn Holdings, Inc. (NYSE:BOOT) Price Target at $222.27

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) have been given an average rating of “Buy” by the thirteen research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $219.5455.

Several equities research analysts have commented on the stock. TD Cowen decreased their price objective on shares of Boot Barn from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Stephens boosted their target price on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. BTIG Research reduced their target price on Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Robert W. Baird set a $212.00 target price on Boot Barn in a report on Thursday, July 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th.

Boot Barn Price Performance

NYSE BOOT opened at $163.60 on Monday. The company has a fifty day moving average price of $161.90 and a 200-day moving average price of $165.93. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.05 and a beta of 1.71. Boot Barn has a 1 year low of $133.18 and a 1 year high of $210.25.

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 analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The company had revenue of $593.51 million for the quarter, compared to analyst estimates of $583.15 million. During the same period last year, the firm earned $1.74 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. 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, research analysts anticipate that Boot Barn will post 9.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BOOT. Los Angeles Capital Management LLC bought a new stake in shares of Boot Barn during the 4th quarter worth $29,000. Northwestern Mutual Wealth Management Co. bought a new position in Boot Barn during the second quarter valued at about $33,000. Quantbot Technologies LP bought a new position in Boot Barn during the second quarter valued at about $46,000. Caitong International Asset Management Co. Ltd purchased a new stake in Boot Barn during the third quarter worth about $49,000. Finally, Danske Bank A S increased its holdings in 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 buying an additional 200 shares during the last quarter.

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.