Boot Barn Holdings, Inc. (NYSE:BOOT) Stock Now Rated “Buy” by Sell-Side Brokerages

Boot Barn Holdings, Inc. (NYSE:BOOT) has been assigned a consensus rating of “Buy” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $215.58.

BOOT has been the topic of several research reports. UBS Group set a $225.00 target price on Boot Barn in a report on Wednesday, June 17th. Stephens lifted 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. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, Craig Hallum cut their target price on shares of Boot Barn from $235.00 to $224.00 and set a “buy” rating for the company in a report on Tuesday, September 29th.

Hedge Funds Weigh In On Boot Barn

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Boot Barn by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,858 shares of the company’s stock worth $962,000 after buying an additional 271 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Boot Barn during the 2nd quarter valued at about $468,000. Integrated Wealth Concepts LLC bought a new position in shares of Boot Barn in the 2nd quarter valued at about $46,000. Allworth Financial LP lifted its holdings in shares of Boot Barn by 160.2% in the 2nd quarter. Allworth Financial LP now owns 346 shares of the company’s stock valued at $57,000 after acquiring an additional 213 shares during the last quarter. Finally, Nykredit A S purchased a new position in Boot Barn in the second quarter worth about $238,000.

Boot Barn Stock Performance

BOOT stock opened at $122.93 on Tuesday. Boot Barn has a one year low of $119.21 and a one year high of $210.25. The company’s fifty day moving average price is $146.85 and its 200-day moving average price is $155.03. The company has a market capitalization of $3.72 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.78 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last posted its earnings results 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. The company had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. Boot Barn’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the company posted $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, research analysts predict that Boot Barn will post 9.18 EPS for the current fiscal year.

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on western and work-related apparel, footwear and accessories. The company sells products for men, women and children, including western boots, work boots, jeans, shirts, jackets, hats, belts, jewelry and other lifestyle merchandise. Its assortment includes national brands as well as exclusive and private-label offerings.

Boot Barn serves customers through a network of retail stores across the United States and through its e-commerce platforms.