Boot Barn (NYSE:BOOT) Releases Q4 2026 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.350-1.450 for the period, compared to the consensus earnings per share estimate of 1.430. The company issued revenue guidance of $525.0 million-$535.0 million, compared to the consensus revenue estimate of $524.2 million. Boot Barn also updated its FY 2026 guidance to 7.250-7.350 EPS.

Boot Barn Price Performance

Boot Barn stock traded up $14.97 during trading on Friday, reaching $203.45. 661,816 shares of the company were exchanged, compared to its average volume of 795,576. The stock’s 50 day simple moving average is $190.56 and its two-hundred day simple moving average is $182.29. The company has a market capitalization of $6.20 billion, a P/E ratio of 28.57, a PEG ratio of 1.36 and a beta of 1.67. Boot Barn has a 52-week low of $86.17 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.79. Boot Barn had a return on equity of 18.73% and a net margin of 10.10%.The company had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. During the same period in the prior year, the business earned $2.43 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. As a group, equities analysts forecast that Boot Barn will post 5.82 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, January 21st. Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price target on the stock in a research report on Friday. Jefferies Financial Group upped their price objective on Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a report on Monday, January 12th. Piper Sandler raised their target price on Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Boot Barn has an average rating of “Moderate Buy” and a consensus price target of $217.00.

Insider Activity

In other news, Director Gene Eddie Burt sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the transaction, the director directly owned 3,338 shares in the company, valued at approximately $638,926.58. This represents a 26.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.66% of the company’s stock.

Key Stories Impacting Boot Barn

Here are the key news stories impacting Boot Barn this week:

• Positive Sentiment: Q3 outcomes and guidance raise — Boot Barn reported Q3 revenue of $705.6M (+16% Y/Y) and EPS of $2.79; management raised FY26 revenue and EPS outlook (FY26 EPS guidance 7.25–7.35; Q4 EPS 1.35–1.45), citing store expansion, same‑store and e‑commerce strength. Read More.
• Positive Sentiment: Multiple analyst upgrades and price-target increases — Stephens upgraded BOOT to overweight with a $237 PT, BTIG reaffirmed buy with a $235 PT, and Zacks moved BOOT to “strong-buy,” signaling increased analyst conviction and a notable upside to consensus. Read More. • Read More. • Read More.
• Positive Sentiment: Bullish research commentary — Piper Sandler highlighted strong fundamentals, forecasting ~20% EPS growth and pointing to multiple‑expansion drivers (margin improvement, store growth and e‑commerce). Such sell‑side narrative supports further valuation re-rating. Read More.
• Neutral Sentiment: Investor materials and call transcripts available — Management’s slide deck and the Q3 earnings call transcript are posted (useful for digging into LFL dynamics, inventory and store openings, but mostly confirm the points above). Read More.
• Neutral Sentiment: Sector context — Zacks ran a sector comparison piece showing BOOT’s year‑to‑date performance versus peers, which helps place the stock’s move in a broader retail/wholesale context rather than company‑specific news alone. Read More.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Boot Barn by 46.3% during the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after buying an additional 290,493 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Boot Barn by 24.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 579,680 shares of the company’s stock valued at $96,065,000 after buying an additional 112,918 shares during the period. Balyasny Asset Management L.P. lifted its stake in Boot Barn by 2,547.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after acquiring an additional 453,396 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Boot Barn by 25.1% during the 2nd quarter. Raymond James Financial Inc. now owns 413,387 shares of the company’s stock worth $62,835,000 after acquiring an additional 82,938 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Boot Barn by 43.4% during the 2nd quarter. Bank of America Corp DE now owns 384,404 shares of the company’s stock valued at $58,429,000 after acquiring an additional 116,269 shares during the period.

About Boot Barn

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.