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Stock impact report

Boot Barn upgraded by Jefferies analysts on valuation reset [Yahoo! Finance]

Boot Barn Holdings, Inc. (BOOT) 
Last boot barn holdings, inc. earnings: 2/4 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Boot Barn (NYSE:BOOT) has been upgraded to a ‘Buy' rating from ‘Hold' by Jefferies analysts, who cited a significant reset in valuation alongside resilient business fundamentals and continued long-term growth opportunities. Jefferies set a price target of $195 on the retailer of western and work-related footwear. Shares of Boot Barn traded up almost 9% at about $147 on Monday afternoon. The upgrade follows a notable compression in the company's valuation multiples. According to Jefferies, Boot Barn's forward price-to-earnings ratio has declined from approximately 24 times earnings to around 16 times, while its EV/EBITDA multiple has fallen from about 15 times to 10 times. The firm noted that its prior downgrade in July 2025 had been driven primarily by valuation concerns rather than a deterioration in underlying performance. Despite broader macroeconomic uncertainty, particularly concerns that rising gas prices could pressure consumer spending, Jefferies wrote that Boot Barn ha Show less Read more
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