Boot Barn price target lowered to $95 from $99 at Craig-Hallum

Craig-Hallum analyst Jeremy Hamblin lowered the firm’s price target on Boot Barn to $95 from $99 and keeps a Buy rating on the shares. The firm notes Q3 results were largely in-line with the preliminary update with slight EPS upside driven by strong gross margin. Q4 guidance came in below consensus but mostly in-line with Craig-Hallum’s recent downward revisions as the company confirmed weather impacted geographies in the East and Midwest that saw materially lower same-store sales in January than the rest of the chain.