Boot Barn Holdings Inc. (NYSE: BOOT), a leading western-inspired apparel and footwear retailer, saw its stock price soar 5.82% in pre-market trading on Monday, January 13, 2025. This surge was fueled by the company's impressive third-quarter earnings performance and positive analyst actions.
In its latest quarterly report, Boot Barn delivered robust financial results, with revenues rising 13.7% year-over-year to $425.8 million, in line with analysts' expectations. The company also achieved a solid beat on analysts' EBITDA estimates, further bolstering investor confidence in the company's growth trajectory.
Following the strong earnings release, several major Wall Street firms issued bullish calls on Boot Barn's stock. JPMorgan raised its price target on the company to $200 from $188, maintaining an Overweight rating on the shares, citing positive insights from meeting with management. Additionally, Craig-Hallum raised its price target to $175 from $160, while Citi reiterated its Buy recommendation, highlighting Boot Barn's robust growth and performance.
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