Boot Barn (NYSE:BOOT) Issues FY 2026 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 7.250-7.350 for the period, compared to the consensus earnings per share estimate of 7.320. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion. Boot Barn also updated its Q4 2026 guidance to 1.350-1.450 EPS.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Boot Barn in a research note on Thursday, December 11th. They set a “buy” rating and a $225.00 price objective for the company. Piper Sandler increased their price target on Boot Barn from $220.00 to $229.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Jefferies Financial Group boosted their price target on Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. TD Cowen reiterated a “buy” rating on shares of Boot Barn in a research note on Thursday, October 30th. Finally, Zacks Research lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Boot Barn Stock Performance

Boot Barn stock traded up $1.98 during trading on Wednesday, reaching $183.80. The company had a trading volume of 1,191,702 shares, compared to its average volume of 765,562. The firm has a market capitalization of $5.60 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.36 and a beta of 1.67. The firm’s 50-day simple moving average is $190.88 and its 200 day simple moving average is $182.23. Boot Barn has a 1-year low of $86.17 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.23. The business had revenue of $705.64 million for the quarter, compared to the consensus estimate of $700.71 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. 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. Analysts anticipate that Boot Barn will post 5.82 EPS for the current year.

Insider Activity

In related news, Director Gene Eddie Burt sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $191.41, for a total transaction of $229,692.00. Following the completion of the sale, the director directly owned 3,338 shares in the company, valued at approximately $638,926.58. The trade was a 26.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Boot Barn

A number of hedge funds have recently modified their holdings of BOOT. Caitong International Asset Management Co. Ltd acquired a new position in Boot Barn during the third quarter worth about $49,000. Johnson Financial Group Inc. purchased a new position in Boot Barn in the 3rd quarter worth approximately $60,000. Smartleaf Asset Management LLC boosted its holdings in shares of Boot Barn by 33.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 848 shares of the company’s stock worth $131,000 after purchasing an additional 211 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Boot Barn in the first quarter valued at approximately $209,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Boot Barn in the second quarter valued at approximately $221,000.

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.