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

Boot Barn (NYSE:BOOT) updated its FY 2027 earnings guidance on Wednesday. The company provided EPS guidance of 8.800-9.230 for the period, compared to the consensus 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 Stock Up 3.2%

Boot Barn stock traded up $4.79 during midday trading on Thursday, reaching $155.69. The stock had a trading volume of 1,233,668 shares, compared to its average volume of 706,680. Boot Barn has a 12 month low of $133.18 and a 12 month high of $210.25. The firm’s 50-day moving average price is $162.86 and its 200 day moving average price is $168.46. The firm has a market capitalization of $4.72 billion, a PE ratio of 21.09, a P/E/G ratio of 1.11 and a beta of 1.69.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.60. The firm had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned $1.74 earnings per share. 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 expect that Boot Barn will post 8.56 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen dropped their price objective on Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Robert W. Baird set a $212.00 price target on shares of Boot Barn in a report on Thursday. Finally, UBS Group set a $225.00 price objective on Boot Barn in a research note on Wednesday, June 17th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $221.25.

Key Headlines Impacting Boot Barn

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

• Positive Sentiment: First-quarter results topped expectations. Boot Barn reported adjusted EPS of $2.29 versus the $1.69 consensus estimate, while revenue rose 17.7% year over year to approximately $593.5 million, above expectations of $583.2 million. Same-store sales increased 4.7%, supported by retail stores and e-commerce. Boot Barn First-Quarter Fiscal 2027 Results
• Positive Sentiment: Full-year guidance was raised. Boot Barn now expects fiscal 2027 EPS of $8.80 to $9.23, above the prior outlook and the $8.54 analyst consensus. The company projects roughly $2.6 billion in revenue. Tariff refunds are expected to contribute about $0.46 per share, providing a near-term earnings lift. Boot Barn Q1 Earnings Beat and Outlook
• Positive Sentiment: Expansion remains a growth driver. Store growth, including a planned location in a Gilroy, California, shopping center, is reinforcing the company’s long-term sales strategy. Boot Barn Gilroy Store Expansion
• Neutral Sentiment: Analyst sentiment remains constructive but more cautious. TD Cowen retained a Buy rating but lowered its price target from $225 to $190, indicating upside from recent levels while reflecting a more measured valuation view. TD Cowen Boot Barn Price Target
• Negative Sentiment: Second-quarter guidance was below consensus. Boot Barn forecast EPS of $1.55 to $1.65 and revenue of $572 million to $582 million, below analysts’ estimates of $1.69 and $593.9 million, respectively. Investors may also be cautious that part of the full-year earnings increase comes from tariff refunds rather than recurring operations. Boot Barn Fiscal 2027 Outlook

Hedge Funds Weigh In On Boot Barn

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Boot Barn by 50.3% in the first quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after buying an additional 11,598 shares during the period. AQR Capital Management LLC boosted its holdings in Boot Barn by 198.0% in the 1st quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock worth $957,000 after acquiring an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Boot Barn by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock worth $1,894,000 after acquiring an additional 779 shares during the period. Goldman Sachs Group Inc. grew its position in 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 acquiring an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in Boot Barn in the first quarter valued at approximately $209,000.

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.