J.P. Morgan analyst Matthew Boss maintains $Boot Barn Holdings (BOOT.US)$ with a buy rating, and adjusts the target price from $181 to $188.
According to TipRanks data, the analyst has a success rate of 50.6% and a total average return of 1.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Boot Barn Holdings (BOOT.US)$'s main analysts recently are as follows:
Expectations are set for a 2.8% increase in average same-store sales for Q4 across the analyzed retail coverage, mirroring performance from the previous year. The initial outlook for Q4 considers possible disruptions from the November elections, a shorter holiday calendar, and possibly more aggressive promotional activities after a weaker start to the winter season.
Boot Barn, as the leading retailer in the western boot/apparel industry, is expected to continue gaining market share due to its scale and aggressive store opening strategy. Analysts believe the company will maintain its position as a key player in the western category, and consider the worries about a shift away from this category in the near term to be exaggerated.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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