Boot Barn (NYSE:BOOT) Issues Q3 2026 Earnings Guidance

Boot Barn (NYSE:BOOT) updated its third quarter 2026 earnings guidance on Monday. The company provided EPS guidance of 2.790-2.790 for the period, compared to the consensus EPS estimate of 2.670. The company issued revenue guidance of $705.6 million-$705.6 million, compared to the consensus revenue estimate of $703.6 million.

Boot Barn Price Performance

Boot Barn stock opened at $193.45 on Wednesday. Boot Barn has a 1 year low of $86.17 and a 1 year high of $210.25. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The firm has a 50-day moving average of $189.69 and a two-hundred day moving average of $180.17.

Boot Barn (NYSE:BOOT) last issued its earnings results on Wednesday, October 29th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.11. The company had revenue of $505.40 million for the quarter, compared to analysts’ expectations of $493.70 million. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. Boot Barn has set its Q3 2026 guidance at 2.470-2.590 EPS and its FY 2026 guidance at 6.750-7.150 EPS. Research analysts expect that Boot Barn will post 5.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

BOOT has been the subject of several analyst reports. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. BTIG Research upped their target price on shares of Boot Barn from $226.00 to $235.00 and gave the stock a “buy” rating in a report on Monday. Jefferies Financial Group increased their price objective on shares of Boot Barn from $180.00 to $195.00 and gave the company a “hold” rating in a report on Monday. Piper Sandler reiterated an “overweight” rating and set a $220.00 price target (up previously from $218.00) on shares of Boot Barn in a report on Thursday, October 30th. Finally, UBS Group raised their price target on shares of Boot Barn from $248.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.54.

Insider Buying and Selling

In other Boot Barn news, Director Gene Eddie Burt sold 1,200 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $191.41, for a total value of $229,692.00. Following the transaction, the director owned 3,338 shares of the company’s stock, valued at approximately $638,926.58. This represents a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Peter Starrett sold 6,498 shares of Boot Barn stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $190.00, for a total value of $1,234,620.00. Following the completion of the transaction, the chairman directly owned 9,599 shares in the company, valued at $1,823,810. This represents a 40.37% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.66% of the company’s stock.

Institutional Investors Weigh In On Boot Barn

A number of large investors have recently bought and sold shares of BOOT. Royal Bank of Canada boosted its holdings in Boot Barn by 50.3% in the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock valued at $3,725,000 after purchasing an additional 11,598 shares during the period. AQR Capital Management LLC increased its holdings in shares of Boot Barn by 198.0% during the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock worth $957,000 after purchasing an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Boot Barn by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock valued at $1,894,000 after buying an additional 779 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Boot Barn by 23.6% in the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock valued at $34,771,000 after buying an additional 61,719 shares during the period. Finally, United Services Automobile Association acquired a new stake in Boot Barn during the first quarter worth about $209,000.

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.