TD Cowen Reiterates Buy Rating on Boot Barn (BOOT)

TD Cowen analyst Max Rakhlenko reiterated a Buy rating and $225.00 price target on Boot Barn (NYSE: BOOT)

The analyst comments "We're impressed by ongoing strong execution, even with some margin noise in the model. Early 4Q trends are impressive and pointed to very strong underlying trends prior to storm headwinds. The 4Q guide sets a reasonable bar and the high end should be achievable with potential upside. We like strategic revenue and margin catalysts on the EB side, and L-T oppty to improve merch. margins overall."

For an analyst ratings summary and ratings history on Boot Barn click here. For more ratings news on Boot Barn click here.

Shares of Boot Barn closed at $183.20 yesterday.

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