Robert W. Baird Cuts Boot Barn (NYSE:BOOT) Price Target to $160.00

Posted by Brenda Bartman on Oct 2nd, 2026

Boot Barn (NYSE:BOOT – Free Report) had its price objective trimmed by Robert W. Baird from $212.00 to $160.00 in a research note issued to investors on Tuesday morning, Marketbeat reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the company. TD Cowen dropped their price target on Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Weiss Ratings lowered shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. BTIG Research reissued a “buy” rating and set a $215.00 target price on shares of Boot Barn in a report on Tuesday, September 15th. Finally, UBS Group set a $225.00 target price on shares of Boot Barn in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Boot Barn currently has a consensus rating of “Buy” and an average target price of $215.58.

Check Out Our Latest Stock Report on BOOT

Boot Barn Stock Performance

NYSE:BOOT opened at $120.95 on Tuesday. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 0.77 and a beta of 1.77. Boot Barn has a one year low of $119.21 and a one year high of $210.25. The stock has a 50-day simple moving average of $148.06 and a 200 day simple moving average of $155.54.

Boot Barn (NYSE:BOOT – Get Free Report) last announced 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 firm had revenue of $593.51 million for the quarter, compared to analysts’ expectations of $583.15 million. During the same quarter in the prior year, the firm posted $1.74 earnings per share. Boot Barn’s revenue for the quarter 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. On average, equities research analysts forecast that Boot Barn will post 9.18 EPS for the current fiscal year.

Institutional Trading of Boot Barn

Hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its position in shares of Boot Barn by 361.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 48,448 shares of the company’s stock worth $7,091,000 after acquiring an additional 37,951 shares during the last quarter. Fifth Third Bancorp lifted its position in Boot Barn by 15,768.5% in the 1st quarter. Fifth Third Bancorp now owns 34,276 shares of the company’s stock valued at $5,017,000 after purchasing an additional 34,060 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in Boot Barn by 7.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 212,327 shares of the company’s stock valued at $34,879,000 after purchasing an additional 15,074 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Boot Barn by 335.5% during the 1st quarter. Hsbc Holdings PLC now owns 14,527 shares of the company’s stock valued at $2,132,000 after purchasing an additional 11,191 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Boot Barn by 26.2% during the 1st quarter. Janus Henderson Group PLC now owns 211,066 shares of the company’s stock valued at $30,894,000 after purchasing an additional 43,786 shares during the period.

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.