Boot Barn (NYSE:BOOT) Shares Down 6.6% – Should You Sell?

Boot Barn Holdings, Inc. (NYSE:BOOT)’s stock price dropped 6.6% during trading on Tuesday . The stock traded as low as $133.36 and last traded at $133.4650. Approximately 221,391 shares changed hands during trading, a decline of 68% from the average daily volume of 688,948 shares. The stock had previously closed at $142.84.

More Boot Barn News

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

• Positive Sentiment: Boot Barn’s e-commerce business is growing faster than its store base. Digital sales, store-based fulfillment and ongoing expansion are helping drive comparable-sales growth and support the company’s omnichannel strategy. Boot Barn’s E-Commerce Strength Boosts Comparable Sales Growth
• Positive Sentiment: The data-center construction boom is creating demand for work boots and other jobsite footwear, providing a potential incremental growth catalyst for Boot Barn. The Data Center Construction Boom Is Benefiting Boot Barn
• Positive Sentiment: BTIG reaffirmed its buy rating and maintained a $215 price target, implying substantial upside from recent trading levels. BTIG Reaffirms Buy Rating
• Neutral Sentiment: Boot Barn was included among analysts’ preferred consumer-cyclical picks and in several retail-apparel industry outlooks, highlighting its brand differentiation and omnichannel execution. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Shares reached a new one-year low, with the stock trading well below its 50-day and 200-day moving averages. The decline suggests ongoing investor concerns about valuation, consumer spending and the durability of future earnings growth. Boot Barn Hits New One-Year Low
• Negative Sentiment: One analysis argues that Boot Barn looks expensive relative to its current earnings base, likely weighing on the stock as investors demand stronger growth or improved valuation support. Boot Barn Stock Looks Pricey

Analyst Ratings Changes

Several equities analysts have recently weighed in on BOOT shares. Robert W. Baird set a $212.00 price objective on Boot Barn in a report on Thursday, July 30th. BTIG Research reissued a “buy” rating and set a $215.00 price target on shares of Boot Barn in a research report on Tuesday. Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Stephens upped their price objective on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Finally, TD Cowen decreased their target price 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. One research 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. Based on data from MarketBeat, Boot Barn presently has a consensus rating of “Buy” and a consensus price target of $219.55.

Boot Barn Trading Down 4.2%

The business has a 50 day moving average of $154.73 and a two-hundred day moving average of $159.72. The firm has a market cap of $3.73 billion, a P/E ratio of 15.57, a PEG ratio of 0.83 and a beta of 1.70.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the firm earned $1.74 earnings per share. The company’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, sell-side analysts predict that Boot Barn Holdings, Inc. will post 9.18 EPS for the current year.

Institutional Investors Weigh In On Boot Barn

Institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its position in shares of Boot Barn by 361.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock valued at $7,091,000 after buying an additional 37,951 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Boot Barn by 15,768.5% during the 1st quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock worth $5,017,000 after buying an additional 34,060 shares during the last quarter. Hsbc Holdings PLC grew its position in Boot Barn by 335.5% in the first quarter. Hsbc Holdings PLC now owns 14,527 shares of the company’s stock valued at $2,132,000 after acquiring an additional 11,191 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Boot Barn by 7.6% in the second quarter. Wedge Capital Management L L P NC now owns 212,327 shares of the company’s stock worth $34,879,000 after acquiring an additional 15,074 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Boot Barn by 26.2% in the 1st quarter. Janus Henderson Group PLC now owns 211,066 shares of the company’s stock valued at $30,894,000 after purchasing an additional 43,786 shares in the last quarter.

About Boot Barn

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.