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

Boot Barn (NYSE:BOOT) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 8.800-9.230 for the period, compared to the consensus EPS 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 Price Performance

Shares of NYSE:BOOT traded down $7.59 during midday trading on Wednesday, reaching $151.03. 1,180,686 shares of the company’s stock were exchanged, compared to its average volume of 566,141. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.11 and a beta of 1.69. Boot Barn has a fifty-two week low of $133.18 and a fifty-two week high of $210.25. The firm’s 50 day simple moving average is $162.86 and its two-hundred day simple moving average is $168.46.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.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 company 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. Equities research analysts predict that Boot Barn will post 8.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BOOT shares. Piper Sandler dropped their price objective on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. UBS Group set a $225.00 target price on shares of Boot Barn in a research note on Wednesday, June 17th. Citigroup reissued a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Finally, TD Cowen restated a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.92.

Boot Barn News Summary

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

• Positive Sentiment: Boot Barn reported fiscal Q1 2027 adjusted earnings of $2.29 per share, well above the $1.69 analyst consensus and up from $1.74 a year earlier. Revenue increased 17.7% year over year to $593.5 million, topping the $583.15 million estimate. Boot Barn fiscal first-quarter results
• Positive Sentiment: Comparable-store sales rose 4.7%, including a 3.8% increase in retail-store same-store sales, indicating continued demand for Boot Barn’s Western and workwear products. The quarter also produced a 10.02% net margin and 18.15% return on equity. Boot Barn key first-quarter metrics
• Positive Sentiment: Full-year fiscal 2027 EPS guidance of $8.80 to $9.23 is above the $8.54 consensus estimate, supporting the longer-term earnings outlook. Full-year revenue guidance was broadly in line with expectations. Boot Barn earnings report
• Neutral Sentiment: The strong quarterly beat confirms positive operating momentum, but investors are focusing more heavily on forward guidance than on the recently completed quarter.
• Negative Sentiment: Second-quarter fiscal 2027 guidance is below consensus: EPS of $1.55 to $1.65 versus $1.69 expected, and revenue of $572 million to $582 million versus $593.9 million expected. This cautious near-term outlook is the primary reason the stock has moved lower despite the earnings beat. Boot Barn guidance announcement

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BOOT. Wellington Management Group LLP lifted its holdings in shares of Boot Barn by 4.3% during the fourth quarter. Wellington Management Group LLP now owns 1,206,107 shares of the company’s stock worth $212,842,000 after purchasing an additional 49,790 shares during the period. State Street Corp increased its stake in Boot Barn by 0.6% in the 4th quarter. State Street Corp now owns 1,176,193 shares of the company’s stock valued at $207,563,000 after buying an additional 7,410 shares during the period. Price T Rowe Associates Inc. MD raised its position in Boot Barn by 83.6% during 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 buying an additional 502,275 shares during the last quarter. Invesco Ltd. raised its position in Boot Barn by 15.7% during the 4th quarter. Invesco Ltd. now owns 1,061,668 shares of the company’s stock worth $187,353,000 after buying an additional 144,262 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Boot Barn by 24.2% in the 3rd 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.

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.