Boot Barn (NYSE:BOOT) Given New $225.00 Price Target at Robert W. Baird

Boot Barn (NYSE:BOOT) had its price target decreased by Robert W. Baird from $244.00 to $225.00 in a report released on Friday morning, Marketbeat Ratings reports. Robert W. Baird currently has an outperform rating on the stock.

BOOT has been the subject of several other research reports. Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective for the company in a report on Friday, February 6th. Jefferies Financial Group raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective for the company in a report on Monday, April 6th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. BTIG Research reaffirmed a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a report on Friday. Finally, Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and an average price target of $230.83.

Boot Barn Trading Down 1.7%

NYSE BOOT opened at $143.92 on Friday. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 0.89 and a beta of 1.73. The company has a 50 day moving average of $158.86 and a 200-day moving average of $178.99. Boot Barn has a 1-year low of $133.18 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.02. The company had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.44 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.52%. The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $1.22 earnings per share. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. On average, analysts forecast that Boot Barn will post 8.54 earnings per share for the current year.

Institutional Trading of Boot Barn

Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc grew its stake in shares of Boot Barn by 7.2% during the fourth quarter. IFP Advisors Inc now owns 942 shares of the company’s stock valued at $166,000 after purchasing an additional 63 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Boot Barn by 2.4% during the third quarter. Park Avenue Securities LLC now owns 2,826 shares of the company’s stock valued at $468,000 after purchasing an additional 66 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in shares of Boot Barn by 5.3% during the third quarter. Koshinski Asset Management Inc. now owns 1,538 shares of the company’s stock valued at $255,000 after purchasing an additional 78 shares during the last quarter. Cynosure Group LLC grew its stake in shares of Boot Barn by 3.3% during the fourth quarter. Cynosure Group LLC now owns 2,435 shares of the company’s stock valued at $430,000 after purchasing an additional 78 shares during the last quarter. Finally, Amalgamated Bank grew its stake in shares of Boot Barn by 0.9% during the third quarter. Amalgamated Bank now owns 8,755 shares of the company’s stock valued at $1,451,000 after purchasing an additional 79 shares during the last quarter.

Boot Barn News Summary

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

• Positive Sentiment: Boot Barn reported fiscal Q4 earnings and revenue that both topped Wall Street estimates, with EPS of $1.45 versus $1.43 expected and revenue of $538.75 million versus $531.23 million expected. Revenue rose 18.7% year over year, suggesting demand remains solid. Article source
• Positive Sentiment: The company described the period as a “record year” and continued to highlight store expansion, including an 80-store increase, which supports a longer-term growth story. Article source
• Positive Sentiment: Boot Barn’s fiscal 2027 outlook calls for $2.6 billion in revenue and EPS of $8.21 to $8.64, reinforcing management’s confidence in continued growth. Article source
• Neutral Sentiment: Several brokerages reiterated bullish ratings, but some lowered their price targets after the earnings update, including Bank of America and Robert W. Baird, indicating expectations remain constructive but have been adjusted downward. Article source
• Negative Sentiment: Boot Barn’s first-quarter fiscal 2027 EPS guidance of $1.62 to $1.71 came in below the consensus estimate of $1.94, which may be pressuring the stock despite the strong Q4 beat. Article source

Boot Barn Company Profile

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.