In a report released yesterday, Sam Poser from Williams Trading maintained a Buy rating on Boot Barn, with a price target of $190.00.
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Sam Poser has given his Buy rating due to a combination of factors that highlight Boot Barn’s strong position and growth potential in the retail market. The company is experiencing positive trends in both western and work wear categories, which are key areas of its business. With a current footprint of 459 stores across 49 states and a goal to expand to 900 stores by 2030, Boot Barn is on a trajectory of approximately 15% annual growth.
Additionally, the company’s strategic focus on key merchandise items is expected to streamline its inventory, leading to more consistent sales growth and improved profit margins. Recent proprietary checks indicate an acceleration in work and women’s western trends, further supporting the company’s growth outlook. Boot Barn’s robust inventory position and the extension of the pause on additional tariffs also provide a favorable short-term outlook. The company’s upcoming earnings report is anticipated to reflect these positive developments, with a forecasted same-store sales increase of 6% for the first quarter of fiscal year 2026.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $195.00 price target.