Boot Barn (NYSE:BOOT) Updates FY 2027 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 8.210-8.640 for the period, compared to the consensus EPS estimate of 8.520. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Boot Barn also updated its Q1 2027 guidance to 1.620-1.710 EPS.

Boot Barn Stock Performance

Shares of NYSE BOOT opened at $143.92 on Friday. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 0.89 and a beta of 1.73. The business’s 50-day simple moving average is $158.86 and its 200-day simple moving average is $178.99. Boot Barn has a 52 week low of $133.18 and a 52 week high of $210.25.

Boot Barn (NYSE:BOOT) last released its earnings results on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. The firm had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.44 million. Boot Barn had a return on equity of 18.52% and a net margin of 10.02%.The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. As a group, equities research analysts forecast that Boot Barn will post 8.54 earnings per share for the current year.

Analyst Ratings Changes

BOOT has been the topic of several recent research reports. Piper Sandler decreased their price objective on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a report on Friday. Weiss Ratings downgraded Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 4th. Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Monday, April 6th. UBS Group raised their target price on Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Stephens upgraded Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price for the company in a research report on Friday, February 6th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Boot Barn currently has an average rating of “Moderate Buy” and an average target price of $230.83.

Trending Headlines about Boot Barn

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

• Positive Sentiment: Boot Barn reported fiscal Q4 earnings and revenue that both topped Wall Street estimates, with EPS of $1.45 versus $1.43 expected and revenue of $538.75 million versus $531.23 million expected. Revenue rose 18.7% year over year, suggesting demand remains solid. Article source
• Positive Sentiment: The company described the period as a “record year” and continued to highlight store expansion, including an 80-store increase, which supports a longer-term growth story. Article source
• Positive Sentiment: Boot Barn’s fiscal 2027 outlook calls for $2.6 billion in revenue and EPS of $8.21 to $8.64, reinforcing management’s confidence in continued growth. Article source
• Neutral Sentiment: Several brokerages reiterated bullish ratings, but some lowered their price targets after the earnings update, including Bank of America and Robert W. Baird, indicating expectations remain constructive but have been adjusted downward. Article source
• Negative Sentiment: Boot Barn’s first-quarter fiscal 2027 EPS guidance of $1.62 to $1.71 came in below the consensus estimate of $1.94, which may be pressuring the stock despite the strong Q4 beat. Article source

Institutional Investors Weigh In On Boot Barn

Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new position in Boot Barn in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Boot Barn in the third quarter valued at about $49,000. Johnson Financial Group Inc. acquired a new position in Boot Barn in the third quarter valued at about $60,000. Kemnay Advisory Services Inc. acquired a new position in Boot Barn in the fourth quarter valued at about $91,000. Finally, Kestra Advisory Services LLC acquired a new position in Boot Barn in the fourth quarter valued at about $99,000.

Boot Barn Company Profile

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.