TD Cowen Cuts Boot Barn (NYSE:BOOT) Price Target to $190.00

Posted by Brenda Bartman on Aug 2nd, 2026

Boot Barn (NYSE:BOOT – Free Report) had its target price lowered by TD Cowen from $225.00 to $190.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on BOOT. Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Monday, April 6th. UBS Group set a $225.00 price objective on Boot Barn in a report on Wednesday, June 17th. Piper Sandler decreased their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, Citigroup restated a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $222.27.

View Our Latest Stock Analysis on Boot Barn

Boot Barn Stock Down 3.6%

Shares of BOOT opened at $148.89 on Thursday. Boot Barn has a twelve month low of $133.18 and a twelve month high of $210.25. The company has a market capitalization of $4.51 billion, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 0.97 and a beta of 1.69. The firm has a 50 day moving average of $162.76 and a 200 day moving average of $168.04.

Boot Barn (NYSE:BOOT – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The business had revenue of $593.51 million for the quarter, compared to analysts’ expectations of $583.15 million. During the same period in the prior year, the firm posted $1.74 EPS. The firm’s quarterly 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. On average, sell-side analysts expect that Boot Barn will post 9.16 EPS for the current year.

Hedge Funds Weigh In On Boot Barn

A number of institutional investors and hedge funds have recently modified their holdings of BOOT. Wedge Capital Management L L P NC grew its holdings in shares of Boot Barn by 7.6% in the second quarter. Wedge Capital Management L L P NC now owns 212,327 shares of the company’s stock worth $34,879,000 after acquiring an additional 15,074 shares during the period. Handelsbanken Fonder AB lifted its holdings in Boot Barn by 20.2% in the second quarter. Handelsbanken Fonder AB now owns 10,700 shares of the company’s stock valued at $1,758,000 after acquiring an additional 1,800 shares during the period. Oliver Luxxe Assets LLC purchased a new position in Boot Barn in the second quarter worth about $1,993,000. Assenagon Asset Management S.A. purchased a new position in Boot Barn in the second quarter worth about $315,000. Finally, Harbor Investment Advisory LLC purchased a new position in Boot Barn in the second quarter worth about $69,000.

Trending Headlines about Boot Barn

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

Positive Sentiment: Boot Barn reported fiscal Q1 earnings of $2.29 per share, well above the $1.69 analyst consensus, while revenue increased 17.7% year over year to $593.5 million and exceeded estimates. Store expansion and e-commerce momentum supported the results. Boot Barn Q1 Earnings and Revenues Top Estimates
Positive Sentiment: Management raised its fiscal 2027 outlook, projecting approximately $2.6 billion in sales and EPS of $8.80 to $9.23. The updated EPS range includes an estimated $0.46 benefit from tariff refunds, while analysts cited store growth, digital sales and the refund as key drivers of the beat. Boot Barn Fiscal 2027 Outlook
Neutral Sentiment: Boot Barn continues expanding its store base, including a planned location in a Gilroy, California, shopping center previously occupied by Old Navy. The expansion supports long-term revenue growth but also increases operating costs and does not immediately resolve valuation concerns. Boot Barn Gilroy Store Expansion
Negative Sentiment: July sales have slowed, raising concerns that demand could moderate after the first-quarter beat. Reports also indicate that quarterly revenue guidance fell short of expectations, making investors less confident in the pace of growth during the next quarter. Boot Barn Beats Q1 Estimates but July Sales Slow
Negative Sentiment: The tariff refund is a nonrecurring benefit, meaning part of the EPS outlook increase may not represent ongoing operating improvement. In addition, TD Cowen lowered its price target from $225 to $190, retaining a Buy rating but signaling reduced valuation upside and greater caution. TD Cowen Lowers Boot Barn Price Target

Boot Barn Company Profile

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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.