Boot Barn (NYSE:BOOT) Shares Cross Above Fifty Day Moving Average on Analyst Downgrade

Shares of Boot Barn Holdings, Inc. (NYSE:BOOT) crossed above its 50-day moving average during trading on Friday after Weiss Ratings upgraded the stock from a hold (c) rating to a hold (c+) rating. The stock has a 50-day moving average of $131.15 and traded as high as $132.68. Boot Barn shares last traded at $131.77, with a volume of 1,264,778 shares trading hands.

Other equities research analysts also recently issued reports about the company. BTIG Research reissued a “buy” rating and issued a $215.00 price objective on shares of Boot Barn in a research note on Tuesday, September 15th. UBS Group set a $225.00 target price on Boot Barn in a research note on Wednesday, June 17th. Robert W. Baird lowered their target price on Boot Barn from $212.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 29th. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Finally, Stephens increased their price target on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.46.

More Boot Barn News

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

• Positive Sentiment: Boot Barn exceeded quarterly EPS expectations, with earnings of approximately $1.68 per share versus the $1.63 consensus estimate. Margin gains and year-over-year profit growth helped offset weaker-than-expected sales. BOOT Q2 Earnings Beat Estimates on Margin Gains, Sales Miss
• Positive Sentiment: The retailer raised its store expansion ambitions, planning to open 75 to 80 new locations in fiscal 2027. Management also highlighted Boot Barn Workforce, which generated about $100 million in commercial sales last fiscal year, supporting the longer-term growth narrative. Boot Barn outlines fiscal 2027 outlook
• Positive Sentiment: Boot Barn authorized an additional $400 million for share repurchases, potentially providing support for earnings per share and signaling confidence in the company’s financial position. Boot Barn announces results and share repurchase authorization
• Neutral Sentiment: Robert W. Baird maintained an “outperform” rating but reduced its price target from $160 to $145, while Zacks downgraded the stock to “hold.” The mixed analyst actions reflect stronger near-term profitability but more cautious growth expectations.
• Negative Sentiment: Fiscal third-quarter guidance calls for EPS of $3.03–$3.19 and revenue of $785 million–$802 million, below analyst expectations of $3.42 and $816.2 million, respectively.
• Negative Sentiment: Fiscal 2027 EPS guidance was reduced to $8.72–$9.00, below the $9.02 consensus. Although projected revenue of approximately $2.6 billion matches expectations, the lower profit outlook suggests pressure from sales trends, costs, or investment in expansion. Boot Barn posts higher profit and trims guidance

Hedge Funds Weigh In On Boot Barn

Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Boot Barn during the second quarter worth $33,000. CoreCap Advisors LLC grew its stake in Boot Barn by 85.8% in the third quarter. CoreCap Advisors LLC now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 103 shares in the last quarter. Pension & Wealth Management Advisors Inc. purchased a new position in Boot Barn in the third quarter valued at about $27,000. Signaturefd LLC increased its position in Boot Barn by 183.3% in the 3rd quarter. Signaturefd LLC now owns 255 shares of the company’s stock worth $31,000 after purchasing an additional 165 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Boot Barn in the 2nd quarter worth about $46,000.

Boot Barn Trading Up 1.0%

The firm has a 50-day simple moving average of $131.15 and a two-hundred day simple moving average of $158.33. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 0.86 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.10. The business had revenue of $581.81 million during the quarter, compared to analyst estimates of $580.80 million. Boot Barn had a return on equity of 18.82% and a net margin of 10.45%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. On average, sell-side analysts forecast that Boot Barn Holdings, Inc. will post 9.00 earnings per share for the current 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 including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.