Boot Barn (NYSE:BOOT) Upgraded by KeyCorp to “Overweight” Rating

Boot Barn (NYSE:BOOT) was upgraded by research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has a $190.00 target price on the stock. KeyCorp’s price target would suggest a potential upside of 12.34% from the company’s previous close. KeyCorp also issued estimates for Boot Barn’s Q4 2025 earnings at $1.22 EPS.

Several other analysts have also weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $179.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. UBS Group raised Boot Barn from a “neutral” rating to a “buy” rating and boosted their price target for the company from $155.00 to $210.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their price target on Boot Barn from $181.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. BTIG Research boosted their price target on Boot Barn from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and boosted their price target for the company from $154.00 to $162.00 in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $173.00.

Boot Barn Trading Up 0.4 %

Shares of NYSE:BOOT opened at $169.13 on Thursday. Boot Barn has a 1-year low of $71.54 and a 1-year high of $170.77. The firm has a market capitalization of $5.16 billion, a PE ratio of 33.96, a PEG ratio of 1.48 and a beta of 2.10. The business’s 50 day moving average is $149.86 and its 200-day moving average is $144.98.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The company had revenue of $425.80 million for the quarter, compared to analyst estimates of $424.42 million. During the same quarter last year, the firm earned $0.91 EPS. Boot Barn’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, sell-side analysts predict that Boot Barn will post 5.8 EPS for the current year.

Insider Transactions at Boot Barn

In other news, CEO John Hazen sold 6,311 shares of the business’s 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 completion of the sale, the chief executive officer now owns 3,937 shares in the company, valued at $602,282.26. The trade was a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Boot Barn

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trust Point Inc. grew its stake 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 acquiring an additional 71 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Boot Barn by 3.7% during the third quarter. Crossmark Global Holdings Inc. now owns 2,283 shares of the company’s stock worth $382,000 after buying an additional 82 shares during the period. Fisher Asset Management LLC boosted its position in shares of Boot Barn by 2.0% during the third quarter. Fisher Asset Management LLC now owns 4,192 shares of the company’s stock worth $701,000 after buying an additional 83 shares during the period. OLD National Bancorp IN boosted its position in shares of Boot Barn by 6.2% during the fourth quarter. OLD National Bancorp IN now owns 2,230 shares of the company’s stock worth $339,000 after buying an additional 130 shares during the period. Finally, Kings Path Partners LLC boosted its position in shares of Boot Barn by 2.7% during the third quarter. Kings Path Partners LLC now owns 5,430 shares of the company’s stock worth $908,000 after buying an additional 142 shares during the period.

About Boot Barn

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.