Boot Barn (NYSE:BOOT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Boot Barn (NYSE:BOOT) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $276.00 to $282.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 51.00% from the company’s previous close.

Several other brokerages have also recently weighed in on BOOT. Seaport Res Ptn cut Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Jefferies Financial Group downgraded Boot Barn from a “buy” rating to a “hold” rating and decreased their price target for the company from $187.00 to $175.00 in a research note on Wednesday, July 23rd. BTIG Research boosted their price target on Boot Barn from $218.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Boot Barn in a report on Wednesday, October 8th. Finally, Cowen reissued a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.75.

Boot Barn Stock Up 2.2%

Shares of BOOT stock opened at $186.75 on Thursday. The company’s fifty day simple moving average is $180.84 and its 200-day simple moving average is $164.49. The firm has a market cap of $5.71 billion, a PE ratio of 27.63, a P/E/G ratio of 1.94 and a beta of 1.67. Boot Barn has a 12 month low of $86.17 and a 12 month high of $205.31.

Boot Barn (NYSE:BOOT) last released its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. Boot Barn had a net margin of 10.05% and a return on equity of 18.41%. The business had revenue of $505.40 million during the quarter, compared to the consensus estimate of $493.70 million. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS. FY 2026 guidance at 6.750-7.150 EPS. On average, equities analysts predict that Boot Barn will post 5.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Peter Starrett sold 6,498 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the sale, the chairman owned 9,599 shares in the company, valued at approximately $1,823,810. This represents a 40.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On Boot Barn

Several institutional investors and hedge funds have recently modified their holdings of BOOT. Xponance Inc. lifted its stake in shares of Boot Barn by 5.5% during the 1st quarter. Xponance Inc. now owns 2,292 shares of the company’s stock worth $246,000 after buying an additional 120 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in Boot Barn by 27.1% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 87,593 shares of the company’s stock valued at $9,410,000 after buying an additional 18,657 shares during the last quarter. Schechter Investment Advisors LLC raised its holdings in Boot Barn by 32.9% in the 1st quarter. Schechter Investment Advisors LLC now owns 14,114 shares of the company’s stock valued at $1,516,000 after acquiring an additional 3,490 shares during the period. Stephens Investment Management Group LLC raised its holdings in Boot Barn by 51.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company’s stock valued at $50,039,000 after acquiring an additional 158,195 shares during the period. Finally, Whittier Trust Co. lifted its position in Boot Barn by 1.9% during the first quarter. Whittier Trust Co. now owns 99,925 shares of the company’s stock worth $10,735,000 after acquiring an additional 1,909 shares during the last quarter.

About Boot Barn

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.