Why Boot Barn Stock Soared to an All-Time High Today

Shares of Western clothing retail chain Boot Barn (BOOT 8.16%) on Tuesday morning after two prominent analysts raised their respective price targets for the stock. As of 9:45 a.m. ET, Boot Barn was up 13%.

What’s up with the Boot Barn?

Later on Tuesday, Boot Barn management will make a presentation at Piper Sandler Growth Frontiers Conference. But in connection with this upcoming presentation, on Monday, management gave investors an update on same-store sales trends. In short, Boot Barn’s same-store sales dipped slightly in July before rebounding in August, and growth accelerates even more in September.

Wall Street weighed in on those numbers, and two analysts were quick to raise their price targets on the stock. One was JPMorgan analyst Matthew Boss, who raised his price target by about 10% to $160 a share due to same-store sales trends, according to The Fly. This helped lift the Boot Barn to its peak on Tuesday morning.

Does Boot Barn have staying power?

Boot Barn provided preliminary numbers for the second fiscal quarter of 2025. For perspective, in the first fiscal quarter, same-store sales were up just a little more than 1 percent year-over-year. But preliminary Q2 numbers showed a 4% gain.

Some investors feared the chain was a bit of a fad and would eventually lose relevance. Boot Barn continues to deliver on that narrative as evidenced by its preliminary second quarter numbers and is opening many new locations across the country. Its latest numbers provide good reason for investors to give this growth stock a good shot.