Boot Barn (BOOT, Financial) received a positive upgrade from Craig-Hallum analyst Jeremy Hamblin, who shifted his rating from Hold to Buy, setting a price target of $130. Hamblin identifies Boot Barn as a standout growth story in the retail sector despite ongoing macroeconomic uncertainties.
The analyst believes that tariff impacts are currently affecting competitors equally, allowing Boot Barn to leverage its larger scale to capture additional market share. This potential for growth mirrors the advantages the company experienced during the COVID-19 pandemic when it similarly expanded its market presence.
Further strengthening Boot Barn's position, the firm maintains a robust balance sheet, thereby minimizing potential downside risks. Additionally, the recent depreciation of the Mexican Peso is helping to mitigate some of the tariff pressures on the company.
Adding to the optimism, there are indications that the current U.S. administration plans to scale back tariff measures, a factor that has previously been a significant weight on Boot Barn's stock performance over the past three months.
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 $171.92 with a high estimate of $200.00 and a low estimate of $100.00. The average target implies an upside of 84.23% from the current price of $93.32. 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 22.77% from the current price of $93.32. 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.
