BofA lowers Boot Barn price target, sees ‘particularly attractive entry point’

BofA lowered the firm’s price target on Boot Barn (BOOT) to $160 from $195 and keeps a Buy rating on the shares. The company will report Q4 results next month and the firm thinks shares could bounce on FY26 guidance that should include expectations for positive comps in a low to mid-single digit range, mid-teens unit growth, and reduced China sourcing, the analyst tells investors. Shares have been oversold on concerns about a potential sales slowdown and China tariff exposure and the firm thinks the pullback is a “particularly attractive entry point to own one of the only double-digit unit growth stories in retail in a secular growth category,” the analyst added.