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Investing.com - UBS has reiterated its Buy rating and $241.00 price target on Boot Barn (NYSE:BOOT), joining a strong consensus as 8 analysts have recently revised their earnings estimates upward. The company, currently trading at $177.77, has shown remarkable momentum with an 81.4% price return over the past six months. According to InvestingPro analysis, Boot Barn’s performance has been solid, with revenue reaching $1.99 billion in the last twelve months.
UBS noted that Boot Barn’s recent performance shows sequential deceleration as the company faces more difficult year-over-year comparisons. Despite this slowdown, the firm’s checks suggest the retailer continues to demonstrate strong trends compared to its September exit rate, supported by healthy fundamentals including a strong gross profit margin of 38% and robust return on equity of 18%.
The investment bank estimates Boot Barn’s second-quarter comparable sales growth at approximately 7%, with third-quarter-to-date performance showing slight deceleration but remaining solid overall.
UBS believes the market already has similar expectations for Boot Barn’s performance, creating what it describes as a "balanced upside/downside skew" around the upcoming earnings report.
The options market is currently pricing in a potential 8.7% move in Boot Barn’s stock following its earnings release, slightly below the historical average movement of 10.0%, according to UBS.
In other recent news, Boot Barn Holdings delivered impressive financial results for the first quarter of 2026, surpassing Wall Street’s expectations. The company reported an earnings per share (EPS) of $1.74, which was above the forecasted $1.53. This earnings surprise of 13.73% was complemented by a revenue of $504.1 million, outpacing the anticipated $492.34 million. Despite these strong numbers, the stock experienced a decline in after-hours trading, a reaction attributed to broader market conditions rather than company performance. Analysts had predicted lower figures, making the results noteworthy for investors. The earnings and revenue figures highlight Boot Barn Holdings’ ability to outperform in a challenging market environment. These developments are recent and reflect the company’s current financial standing.
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