Boot Barn (NYSE:BOOT) Reaches New 1-Year High – Still a Buy?

by · The Cerbat Gem

Boot Barn Holdings, Inc. (NYSE:BOOT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $207.89 and last traded at $204.88, with a volume of 53101 shares. The stock had previously closed at $198.73.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Boot Barn from $276.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Piper Sandler restated an “overweight” rating and set a $220.00 price target (up previously from $218.00) on shares of Boot Barn in a research note on Thursday, October 30th. BTIG Research lifted their price objective on Boot Barn from $218.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Zacks Research upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Finally, Seaport Res Ptn downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.00.

Check Out Our Latest Report on Boot Barn

Boot Barn Price Performance

The company’s fifty day simple moving average is $185.89 and its 200-day simple moving average is $174.85. The firm has a market capitalization of $6.33 billion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 1.64 and a beta of 1.59.

Boot Barn (NYSE:BOOT – Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. Boot Barn had a return on equity of 18.11% and a net margin of 10.05%.The firm had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $493.70 million. During the same quarter last year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 18.7% on a year-over-year basis. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS. As a group, equities research analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current fiscal year.

Insider Activity at Boot Barn

In related news, Chairman Peter Starrett sold 6,498 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the completion of the transaction, the chairman owned 9,599 shares in the company, valued at $1,823,810. This trade represents a 40.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gene Eddie Burt sold 1,200 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the sale, the director owned 3,338 shares in the company, valued at approximately $638,926.58. The trade was a 26.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Boot Barn

A number of institutional investors have recently modified their holdings of BOOT. ORG Partners LLC purchased a new stake in shares of Boot Barn in the third quarter worth about $25,000. Bessemer Group Inc. lifted its holdings in Boot Barn by 134.2% in the second quarter. Bessemer Group Inc. now owns 185 shares of the company’s stock valued at $28,000 after acquiring an additional 106 shares during the period. Parkside Financial Bank & Trust boosted its position in Boot Barn by 164.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 193 shares of the company’s stock worth $32,000 after purchasing an additional 120 shares in the last quarter. Maseco LLP acquired a new stake in shares of Boot Barn during the 2nd quarter worth approximately $40,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of Boot Barn during the 3rd quarter valued at approximately $42,000.

About Boot Barn

(Get Free Report)

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.

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