Boot Barn Holdings, Inc. (NYSE:BOOT – Get Free Report) has received an average recommendation of “Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $204.77.
A number of research firms have weighed in on BOOT. 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. Craig Hallum dropped their target price on Boot Barn from $235.00 to $224.00 and set a “buy” rating on the stock in a report on Tuesday, September 29th. Robert W. Baird dropped their target price on Boot Barn from $212.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday, September 29th. Needham & Company LLC assumed coverage on Boot Barn in a research note on Friday, October 16th. They set a “buy” rating and a $150.00 price target for the company. Finally, Zacks Research raised Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd.
Check Out Our Latest Research Report on Boot Barn
Boot Barn Stock Performance
NYSE BOOT opened at $113.93 on Friday. The firm has a market cap of $3.45 billion, a PE ratio of 14.42, a P/E/G ratio of 0.74 and a beta of 1.76. Boot Barn has a one year low of $110.53 and a one year high of $210.25. The firm’s fifty day moving average is $134.44 and its two-hundred day moving average is $159.80.
Boot Barn (NYSE:BOOT – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $583.15 million. During the same period in the prior year, the company earned $1.74 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. 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. Research analysts predict that Boot Barn will post 9.19 earnings per share for the current year.
Hedge Funds Weigh In On Boot Barn
Several institutional investors have recently bought and sold shares of BOOT. BlackRock Inc. acquired a new stake in shares of Boot Barn in the 2nd quarter worth $840,629,000. Wellington Management Group LLP increased 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 worth $127,104,000 after acquiring an additional 84,250 shares during the period. Congress Asset Management Co. increased its stake in shares of Boot Barn by 0.9% during the third quarter. Congress Asset Management Co. now owns 804,659 shares of the company’s stock worth $96,937,000 after acquiring an additional 7,040 shares during the period. Bank of America Corp DE increased 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 worth $95,921,000 after acquiring an additional 349,985 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Boot Barn by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 645,342 shares of the company’s stock worth $94,440,000 after acquiring an additional 9,816 shares during the period.
About Boot Barn
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.
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