BofA raised the firm’s price target on Boot Barn (BOOT) to $173 from $160 and keeps a Buy rating on the shares. Boot Barn reported Q4 EPS of $1.22, missing the firm’s and Visible Alpha consensus estimates, but continued sales momentum and a better than expected tariff impact should drive shares higher, the analyst tells investors. Following the report, the firm is maintaining its FY26 EPS forecast of $6.40, but applying a higher multiple due to improving sales trends and better-than-expected tariff mitigation strategies.
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Read More on BOOT:
- Boot Barn price target lowered to $196 from $209 at JPMorgan
- Boot Barn: Strong Financial Performance and Strategic Growth Initiatives Drive Buy Rating
- Boot Barn price target raised to $184 from $162 at Piper Sandler
- Boot Barn’s Strategic Growth and Resilience: A Buy Rating Amidst Market Opportunities
- Boot Barn’s Strong Sales Momentum and Strategic Initiatives Drive Buy Rating