Recent Analysts’ Ratings Changes for Boot Barn (BOOT)

A number of research firms have changed their ratings and price targets for Boot Barn (NYSE: BOOT):

• 2/3/2025 – Boot Barn was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 2/3/2025 – Boot Barn had its price target lowered by analysts at UBS Group AG from $210.00 to $200.00. They now have a “buy” rating on the stock.
• 1/31/2025 – Boot Barn had its price target raised by analysts at JPMorgan Chase & Co. from $200.00 to $209.00. They now have an “overweight” rating on the stock.
• 1/31/2025 – Boot Barn had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $181.00 price target on the stock, up previously from $179.00.
• 1/23/2025 – Boot Barn was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating. They now have a $190.00 price target on the stock.
• 1/15/2025 – Boot Barn had its price target raised by analysts at Bank of America Co. from $187.00 to $192.00. They now have a “buy” rating on the stock.
• 1/13/2025 – Boot Barn had its price target raised by analysts at BTIG Research from $185.00 to $190.00. They now have a “buy” rating on the stock.
• 1/10/2025 – Boot Barn was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $210.00 price target on the stock, up previously from $155.00.
• 1/8/2025 – Boot Barn had its price target raised by analysts at JPMorgan Chase & Co. from $181.00 to $188.00. They now have an “overweight” rating on the stock.
• 1/7/2025 – Boot Barn is now covered by analysts at Bank of America Co.. They set a “buy” rating and a $187.00 price target on the stock.

Boot Barn Stock Down 0.2 %

Shares of BOOT stock traded down $0.34 during trading hours on Friday, hitting $140.95. 178,497 shares of the company’s stock traded hands, compared to its average volume of 958,965. The stock’s 50 day simple moving average is $153.77 and its 200 day simple moving average is $147.08. The stock has a market cap of $4.30 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 1.45 and a beta of 2.10. Boot Barn Holdings, Inc. has a 12 month low of $82.67 and a 12 month high of $176.64.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. As a group, equities research analysts expect that Boot Barn Holdings, Inc. will post 5.84 EPS for the current fiscal year.

Insider Buying and Selling

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $152.98, for a total transaction of $965,456.78. Following the sale, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Trust Point Inc. lifted its position in Boot Barn by 0.8% in the third quarter. Trust Point Inc. now owns 9,112 shares of the company’s stock valued at $1,524,000 after purchasing an additional 71 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Boot Barn by 3.7% in the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock valued at $382,000 after purchasing an additional 82 shares during the last quarter. Fisher Asset Management LLC lifted its position in Boot Barn by 2.0% in the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock valued at $701,000 after purchasing an additional 83 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Boot Barn by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the company’s stock valued at $2,247,000 after purchasing an additional 100 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Boot Barn by 1.1% in the fourth quarter. Arizona State Retirement System now owns 8,853 shares of the company’s stock valued at $1,344,000 after purchasing an additional 100 shares during the last quarter.

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.