Boot Barn price target raised to $124 from $100 at Seaport Research

Seaport Research raised the firm’s price target on Boot Barn to $124 from $100 and keeps a Buy rating on the shares. For Q4, the company is guiding to a weak quarter on a negative comparable, the analyst tells investors. According to Bloomberg, the company’s year-over-year sales were worse for Q4 than Q3, suggesting its quarterly comparable declined sequentially, the firm adds. On the other hand, however, Q4 year-over-year observe sales were better for the last nine weeks, the firm says. Seaport ‘s biggest takeaway is observed sales are up approx. 5% for the first four weeks of Q1 of 2025, indicating a strong start to the quarter.