Goldman Sachs has initiated coverage on Boot Barn Holdings Inc (BOOT) with a Buy rating, reflecting the firm's assessment of the company's investment potential. This marks the first formal rating from Goldman Sachs on Boot Barn, which operates approximately 475 retail stores across 49 states, specializing in western and work-related footwear, apparel, and accessories.
As of December 10, 2025, Boot Barn's shares are trading at $205.76, with a market capitalization of $6.0 billion. The company has shown solid performance, evidenced by a trailing twelve-month price-to-earnings ratio of 28.94 and earnings per share of 6.76. Upcoming earnings reports are anticipated on July 29, 2026, with estimates of $1.84 in EPS and revenue of $578.6 million.
The move underscores the growing interest in Boot Barn, a company that has consistently delivered earnings surprises, including a 5.2% surprise in Q2 2026 and a 10.3% surprise in Q1 2026. Analyst consensus indicates a favorable outlook, with 7 Strong Buy, 10 Buy, and 4 Hold ratings.
While analyst ratings provide valuable insights, they are based on research and financial models that involve assumptions and estimates. Investors should consider various factors, including company fundamentals and industry trends, when making decisions. Analyst opinions can change as new information becomes available, highlighting the importance of a comprehensive approach to investment analysis.