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

Boot Barn (NYSE:BOOT) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 8.800-9.230 for the period, compared to the consensus estimate of 8.540. 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 Q2 2027 guidance to 1.550-1.650 EPS.

Boot Barn Trading Down 2.4%

Shares of BOOT traded down $3.67 during trading hours on Friday, hitting $150.71. The company had a trading volume of 270,101 shares, compared to its average volume of 707,905. The company has a market capitalization of $4.57 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.06 and a beta of 1.69. Boot Barn has a one year low of $133.18 and a one year high of $210.25. The company’s fifty day moving average price is $162.87 and its two-hundred day moving average price is $168.18.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 19.12% and a net margin of 10.35%.The company had revenue of $593.51 million for the quarter, compared to analyst estimates of $583.15 million. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. Analysts forecast that Boot Barn will post 8.55 earnings per share for the current year.

Analysts Set New Price Targets

BOOT has been the subject of a number of research analyst reports. Robert W. Baird set a $212.00 price target on Boot Barn in a research note on Thursday. UBS Group set a $225.00 price target on shares of Boot Barn in a research report on Wednesday, June 17th. Bank of America cut their price objective on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Citigroup restated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Finally, BTIG Research dropped their target price on Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.25.

Key Headlines Impacting Boot Barn

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

• Positive Sentiment: Boot Barn reported fiscal Q1 2027 revenue of $593.5 million, up 17.7% year over year, while earnings of $2.29 per share exceeded the $1.69 analyst consensus. Same-store sales rose 4.7%, supported by retail store growth and e-commerce. Boot Barn fiscal first-quarter financial results
• Positive Sentiment: Management raised its fiscal 2027 outlook, projecting approximately $2.6 billion in revenue and $8.80 to $9.23 in adjusted EPS, above the prior consensus EPS estimate of $8.54. The high end includes an estimated $0.46 benefit from tariff refunds. Boot Barn fiscal 2027 outlook
• Positive Sentiment: Store expansion, digital sales strength and the tariff-refund benefit were cited as key drivers of the quarterly beat and improved full-year outlook. Boot Barn earnings beat and outlook
• Neutral Sentiment: TD Cowen maintained a Buy rating but reduced its price target from $225 to $190, reflecting more cautious valuation or near-term growth assumptions while still implying potential upside. TD Cowen price target update
• Negative Sentiment: Fiscal Q2 guidance came in below expectations: EPS of $1.55 to $1.65 versus consensus of $1.69 and revenue of $572 million to $582 million versus approximately $593.9 million expected. The weaker forecast is the primary pressure on the stock despite the first-quarter beat.
• Negative Sentiment: Reports indicated July sales slowed, raising concerns that consumer demand and same-store sales momentum may weaken after the strong quarter. Analysts also cautioned that store expansion alone may not justify the company’s valuation. Boot Barn July sales slowdown

Institutional Trading of Boot Barn

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of Boot Barn by 4.3% during the 4th quarter. Wellington Management Group LLP now owns 1,206,107 shares of the company’s stock worth $212,842,000 after buying an additional 49,790 shares during the period. State Street Corp increased its holdings in Boot Barn by 0.6% in the 4th quarter. State Street Corp now owns 1,176,193 shares of the company’s stock worth $207,563,000 after acquiring an additional 7,410 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Boot Barn by 83.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after acquiring an additional 502,275 shares in the last quarter. Invesco Ltd. raised its position in Boot Barn by 15.7% during the fourth quarter. Invesco Ltd. now owns 1,061,668 shares of the company’s stock worth $187,353,000 after acquiring an additional 144,262 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Boot Barn by 24.2% during the third quarter. Ameriprise Financial Inc. now owns 579,680 shares of the company’s stock worth $96,065,000 after acquiring an additional 112,918 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.