Boot Barn (NYSE:BOOT) Stock Picked Up by Analysts at Needham & Company LLC

Posted by Brenda Bartman on Oct 17th, 2026

Equities researchers at Needham & Company LLC started coverage on shares of Boot Barn (NYSE:BOOT – Get Free Report) in a report released on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $150.00 price target on the stock. Needham & Company LLC’s target price points to a potential upside of 23.12% from the stock’s previous close.

BOOT has been the topic of several other research reports. BTIG Research reaffirmed a “buy” rating and issued a $215.00 price target on shares of Boot Barn in a report on Tuesday, September 15th. Stephens increased their price objective on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings raised Boot Barn from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Robert W. Baird reduced their target price on Boot Barn from $212.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday, September 29th. Finally, Citigroup decreased their target price on Boot Barn from $205.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Boot Barn has a consensus rating of “Buy” and a consensus price target of $206.54.

Check Out Our Latest Stock Report on BOOT

Boot Barn Trading Up 1.0%

Shares of BOOT stock traded up $1.21 during trading hours on Friday, reaching $121.83. The stock had a trading volume of 894,373 shares, compared to its average volume of 703,781. The stock’s fifty day simple moving average is $139.95 and its 200 day simple moving average is $152.72. The firm has a market capitalization of $3.69 billion, a PE ratio of 15.42, a PEG ratio of 0.78 and a beta of 1.76. Boot Barn has a 12 month low of $110.53 and a 12 month high of $210.25.

Boot Barn (NYSE:BOOT – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The business had revenue of $593.51 million for the quarter, compared to analyst estimates of $583.15 million. During the same quarter in the prior year, the firm posted $1.74 EPS. Boot Barn’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. As a group, equities research analysts anticipate that Boot Barn will post 9.18 EPS for the current fiscal year.

Institutional Trading of Boot Barn

A number of hedge funds have recently made changes to their positions in BOOT. BlackRock Inc. purchased a new position in Boot Barn in the 2nd quarter worth approximately $840,629,000. Congress Asset Management Co. lifted its position in Boot Barn by 0.9% in the third quarter. Congress Asset Management Co. now owns 804,659 shares of the company’s stock valued at $96,937,000 after purchasing an additional 7,040 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Boot Barn by 12.2% during the second quarter. Wellington Management Group LLP now owns 773,749 shares of the company’s stock valued at $127,104,000 after purchasing an additional 84,250 shares during the period. Bank of America Corp DE boosted its stake in shares of Boot Barn by 114.6% during the first quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock valued at $95,921,000 after purchasing an additional 349,985 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Boot Barn by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 645,342 shares of the company’s stock worth $94,440,000 after purchasing an additional 9,816 shares during the last quarter.

Boot Barn Company Profile

(Get Free Report)

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.