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

Boot Barn (NYSE:BOOT) issued an update on its FY 2027 earnings guidance on Friday. The company provided EPS guidance of 8.720-9.000 for the period, compared to the consensus earnings per share 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.

Boot Barn Price Performance

Shares of NYSE:BOOT opened at $130.35 on Friday. Boot Barn has a 1 year low of $110.53 and a 1 year high of $210.25. The company has a market capitalization of $3.95 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 0.74 and a beta of 1.76. The business has a fifty day moving average price of $131.72 and a two-hundred day moving average price of $158.68.

Boot Barn (NYSE:BOOT) last issued 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. The company had revenue of $581.81 million for the quarter, compared to the consensus estimate of $580.80 million. Boot Barn had a net margin of 10.45% and a return on equity of 19.04%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. Sell-side analysts anticipate that Boot Barn will post 9.06 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on BOOT shares. Citigroup decreased their target price on Boot Barn from $205.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. The Goldman Sachs Group set a $203.00 price target on Boot Barn in a research report on Thursday. Robert W. Baird cut their price target on Boot Barn from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday. Craig Hallum reissued a “buy” rating and issued a $225.00 price objective on shares of Boot Barn in a report on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $187.00 price target (down from $226.00) on shares of Boot Barn in a report on Thursday. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $193.00.

More Boot Barn News

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

• Positive Sentiment: Boot Barn reported fiscal Q2 revenue of approximately $581.8 million, up 15.1% year over year, while diluted EPS rose 26.3% to $1.73, beating the $1.63 consensus estimate. Gross profit, operating income and operating cash flow also increased, reflecting margin gains and improved profitability. Boot Barn fiscal Q2 results
• Positive Sentiment: The company authorized an additional $400 million for share repurchases, which could support per-share earnings and signal management confidence in the long-term outlook. Boot Barn also raised its full-year store-opening target to approximately 80 locations and plans to continue expanding its retail footprint. Boot Barn share repurchase authorization
• Neutral Sentiment: Boot Barn’s commercial business, Boot Barn Workforce, generated about $100 million in sales during the previous fiscal year, providing an additional growth channel beyond consumer retail. Boot Barn long-term investor takeaways
• Negative Sentiment: Management’s fiscal Q3 guidance calls for EPS of $3.03–$3.19 and revenue of $785 million–$802 million, below consensus estimates of $3.42 and $816.2 million, respectively. Full-year fiscal 2027 EPS guidance of $8.72–$9.00 also trails the $9.02 consensus, although the $2.6 billion revenue outlook is in line with expectations.
• Negative Sentiment: The combination of a sales shortfall and lower outlook has prompted cautious analyst reactions. Robert W. Baird reduced its price target from $160 to $145 while retaining an “outperform” rating, and Zacks Research downgraded the stock from “strong buy” to “hold.” Baird Boot Barn rating

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.