On Oct 29, major Wall Street analysts update their ratings for $Boot Barn Holdings (BOOT.US)$, with price targets ranging from $167 to $192.
J.P. Morgan analyst Matthew Boss maintains with a buy rating, and adjusts the target price from $160 to $181.
Citi analyst Steven Zaccone maintains with a buy rating, and adjusts the target price from $154 to $178.
TD Cowen analyst John Kernan initiates coverage with a buy rating, and sets the target price at $185.
Baird analyst Jonathan Komp maintains with a hold rating, and adjusts the target price from $140 to $167.
KeyBanc analyst Ashley Owens maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Boot Barn Holdings (BOOT.US)$'s main analysts recently are as follows:
Boot Barn's recent fiscal Q2 report surpassed expectations and indicated a positive outlook, according to an analyst. The company's sequential comparative sales acceleration is credited to a significant uptick in transactions. Additionally, it is mentioned that the CEO transition is part of a long-term succession plan.
Boot Barn's robust fiscal Q2 same-store-sales results surpassed expectations, yet earnings flow-through fell short of market anticipations primarily because of elevated incentive compensation and singular legal expenses. Analysts perceive that Boot Barn is regaining solid same-store-sales momentum and the business model is progressively realigning with its 20% earnings growth framework.
Boot Barn's second quarter was robust and aligned with forecasts following a positive update at the beginning of September. Notably, all product categories are now showing positive trends, including the previously underperforming ladies western apparel and boots, as well as work apparel. The company has witnessed seven successive months of positive e-commerce sales, marking a significant turnaround from the long-term negative trajectory and indicating an increasing momentum in the second quarter.
Here are the latest investment ratings and price targets for $Boot Barn Holdings (BOOT.US)$ from 9 analysts:
Note:
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