Bank of America has revised its price target for Boot Barn (BOOT, Financial), reducing it from $195 to $160 while maintaining a Buy rating on the stock. This adjustment comes as investors anticipate the company's fourth-quarter earnings report next month. The firm remains optimistic about Boot Barn's future, expecting the fiscal year 2026 guidance to highlight positive comparable sales in the low to mid-single digits, a growth in store units by mid-teens percentage, and a decrease in reliance on Chinese sourcing.
Recently, Boot Barn's shares have experienced a downturn due to concerns over a potential slowdown in sales and Chinese tariff impacts. However, Bank of America considers the current dip in share price an attractive opportunity for investors. The firm identifies Boot Barn as one of the few retail companies achieving double-digit growth in unit expansion within a sector experiencing secular growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Boot Barn Holdings Inc (BOOT, Financial) is $172.92 with a high estimate of $200.00 and a low estimate of $100.00. The average target implies an upside of 94.01% from the current price of $89.13. More detailed estimate data can be found on the Boot Barn Holdings Inc (BOOT) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Boot Barn Holdings Inc's (BOOT, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Boot Barn Holdings Inc (BOOT, Financial) in one year is $114.57, suggesting a upside of 28.54% from the current price of $89.13. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Boot Barn Holdings Inc (BOOT) Summary page.
