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

Boot Barn (NYSE:BOOT) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 8.720-9.000 for the period, compared to the consensus EPS estimate of 9.020. The company issued revenue guidance of $2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Boot Barn also updated its Q3 2027 guidance to 3.030-3.190 EPS.

Analysts Set New Price Targets

A number of analysts recently weighed in on BOOT shares. Weiss Ratings cut shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Citigroup cut their price objective on Boot Barn from $205.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. BTIG Research reduced their price objective on Boot Barn from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday. The Goldman Sachs Group set a $203.00 target price on Boot Barn in a research report on Thursday. Finally, TD Cowen lowered their target price on Boot Barn from $160.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $191.46.

Boot Barn Stock Up 1.0%

Shares of BOOT opened at $131.77 on Friday. The business’s 50 day moving average is $131.15 and its two-hundred day moving average is $158.33. Boot Barn has a 52-week low of $110.53 and a 52-week high of $210.25. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 0.86 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. Boot Barn had a net margin of 10.45% and a return on equity of 18.82%. The business had revenue of $581.81 million during the quarter, compared to the consensus estimate of $580.80 million. During the same quarter last year, the company earned $1.37 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, equities analysts expect that Boot Barn will post 9.00 earnings per share for the current fiscal year.

Key Stories Impacting Boot Barn

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

• Positive Sentiment: Boot Barn exceeded quarterly EPS expectations, with earnings of approximately $1.68 per share versus the $1.63 consensus estimate. Margin gains and year-over-year profit growth helped offset weaker-than-expected sales. BOOT Q2 Earnings Beat Estimates on Margin Gains, Sales Miss
• Positive Sentiment: The retailer raised its store expansion ambitions, planning to open 75 to 80 new locations in fiscal 2027. Management also highlighted Boot Barn Workforce, which generated about $100 million in commercial sales last fiscal year, supporting the longer-term growth narrative. Boot Barn outlines fiscal 2027 outlook
• Positive Sentiment: Boot Barn authorized an additional $400 million for share repurchases, potentially providing support for earnings per share and signaling confidence in the company’s financial position. Boot Barn announces results and share repurchase authorization
• Neutral Sentiment: Robert W. Baird maintained an “outperform” rating but reduced its price target from $160 to $145, while Zacks downgraded the stock to “hold.” The mixed analyst actions reflect stronger near-term profitability but more cautious growth expectations.
• Negative Sentiment: Fiscal third-quarter guidance calls for EPS of $3.03–$3.19 and revenue of $785 million–$802 million, below analyst expectations of $3.42 and $816.2 million, respectively.
• Negative Sentiment: Fiscal 2027 EPS guidance was reduced to $8.72–$9.00, below the $9.02 consensus. Although projected revenue of approximately $2.6 billion matches expectations, the lower profit outlook suggests pressure from sales trends, costs, or investment in expansion. Boot Barn posts higher profit and trims guidance

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.