Boot Barn (NYSE:BOOT) Updates Q1 2027 Earnings Guidance

Boot Barn (NYSE:BOOT) updated its first quarter 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 1.620-1.710 for the period, compared to the consensus earnings per share estimate of 1.940. The company issued revenue guidance of $574.0 million-$584.0 million, compared to the consensus revenue estimate of $573.1 million. Boot Barn also updated its FY 2027 guidance to 8.210-8.640 EPS.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings lowered Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 4th. BTIG Research reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a research note on Thursday, February 5th. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Zacks Research lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Finally, Jefferies Financial Group raised Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research note on Monday, April 6th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $224.50.

Boot Barn Stock Performance

Boot Barn stock traded up $1.07 during mid-day trading on Thursday, reaching $146.31. The stock had a trading volume of 1,158,106 shares, compared to its average volume of 687,507. Boot Barn has a fifty-two week low of $133.18 and a fifty-two week high of $210.25. The stock’s 50-day simple moving average is $160.47 and its 200-day simple moving average is $179.60. The firm has a market capitalization of $4.45 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 0.88 and a beta of 1.73.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.23 million. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. On average, research analysts forecast that Boot Barn will post 7.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new position in Boot Barn in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd purchased a new position in Boot Barn in the third quarter worth $49,000. Johnson Financial Group Inc. purchased a new position in shares of Boot Barn during the 3rd quarter valued at $60,000. Kemnay Advisory Services Inc. purchased a new position in shares of Boot Barn during the 4th quarter valued at $91,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Boot Barn during the 4th quarter valued at $99,000.

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.