Boot Barn (NYSE:BOOT) Raised to “Strong-Buy” at Zacks Research

Boot Barn (NYSE:BOOT) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on BOOT. TD Cowen reaffirmed a “buy” rating on shares of Boot Barn in a research report on Thursday, October 30th. UBS Group boosted their target price on shares of Boot Barn from $248.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Seaport Research Partners downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. The Goldman Sachs Group started coverage on shares of Boot Barn in a research report on Thursday, December 11th. They set a “buy” rating and a $225.00 price target on the stock. Finally, BTIG Research boosted their price objective on shares of Boot Barn from $226.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $206.15.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $183.80 on Tuesday. The business’s 50 day simple moving average is $190.67 and its 200 day simple moving average is $182.24. Boot Barn has a 1 year low of $86.17 and a 1 year high of $210.25. The company has a market capitalization of $5.60 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.35 and a beta of 1.67.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, meeting the consensus estimate of $2.79. The firm had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.43 EPS. 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, sell-side analysts anticipate that Boot Barn will post 5.82 EPS for the current fiscal year.

Insider Transactions at Boot Barn

In related news, Director Gene Eddie Burt sold 1,200 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the completion of the transaction, the director owned 3,338 shares of the company’s stock, valued at $638,926.58. This represents a 26.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ORG Partners LLC acquired a new stake in shares of Boot Barn during the 3rd quarter valued at $25,000. Bessemer Group Inc. raised its position in Boot Barn by 134.2% in the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after purchasing an additional 106 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Boot Barn by 164.4% in the third quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock valued at $32,000 after purchasing an additional 120 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Boot Barn during the third quarter valued at about $42,000. Finally, Independence Bank of Kentucky bought a new stake in shares of Boot Barn during the third quarter worth about $46,000.

More Boot Barn News

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

• Positive Sentiment: Q3 beat on both EPS and revenue: Boot Barn reported $2.79 EPS vs. consensus ~$2.56 and revenue of $705.6M (up 16% YoY); same-store sales rose 5.7% and margins/ROE remained healthy — investors see durable demand and margin leverage. Q3 Financial Results (BusinessWire)
• Positive Sentiment: Management raised full-year sales guidance (midpoint lifted toward $2.25B) and improved profit outlook, citing store expansion and margin initiatives — supports forward revenue and earnings growth expectations. Boot Barn raises full-year sales guidance (MSN)
• Positive Sentiment: Analyst sentiment warming: Zacks upgraded BOOT from “hold” to “strong-buy,” which can boost short-term demand from momentum and growth-oriented investors. Zacks upgrade
• Neutral Sentiment: Guidance largely in line but conservative in places — FY26 EPS guidance of $7.25–$7.35 sits roughly at/just below Street midpoint (~$7.32), and Q4 EPS guidance of $1.35–$1.45 tracks consensus; revenue guidance $2.2–$2.3B overlaps estimates. Watch whether management hits the high end. Guidance details (BusinessWire)
• Neutral Sentiment: Investor materials and the earnings-call transcript are now available for deeper read-through of management commentary on inventory, margins and store cadence — useful for drivers of forward guidance. Earnings call transcript (Seeking Alpha)
• Negative Sentiment: Some coverage framed the quarter as merely meeting/only modestly beating estimates in certain metrics — if expectations ratchet up after the beat, the stock will be vulnerable to any future misses. Zacks: Q3 earnings meet estimates

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.