Boot Barn Holdings, Inc. (NYSE:BOOT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Boot Barn Holdings, Inc. (NYSE:BOOT) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $230.8333.

Several equities analysts have recently issued reports on the company. UBS Group boosted their price objective on Boot Barn from $270.00 to $272.00 and gave the company a “buy” rating in a report on Friday, May 15th. Bank of America decreased their price objective on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a report on Friday, May 15th. Weiss Ratings cut Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Zacks Research cut Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Robert W. Baird reduced their price target on Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, May 15th.

Boot Barn Stock Up 0.3%

Shares of BOOT stock opened at $170.38 on Wednesday. The stock has a market cap of $5.17 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.70. The business has a 50-day simple moving average of $156.30 and a 200-day simple moving average of $176.51. Boot Barn has a 52-week low of $133.18 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.02. The business had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.44 million. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 EPS. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Sell-side analysts anticipate that Boot Barn will post 8.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boot Barn

A number of large investors have recently bought and sold shares of BOOT. Royal Bank of Canada raised its holdings in Boot Barn by 50.3% in the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after purchasing an additional 11,598 shares during the period. AQR Capital Management LLC raised its holdings in Boot Barn by 198.0% in the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock worth $957,000 after purchasing an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Boot Barn by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock worth $1,894,000 after purchasing an additional 779 shares during the period. Goldman Sachs Group Inc. raised its holdings in Boot Barn by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after purchasing an additional 61,719 shares during the period. Finally, United Services Automobile Association acquired a new position in Boot Barn in the 1st quarter worth about $209,000.

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.