Boot Barn (NYSE:BOOT) Releases Earnings Results, Beats Expectations By $0.02 EPS

Boot Barn (NYSE:BOOT) issued its quarterly earnings results on Thursday. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02, FiscalAI reports. The firm had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.44 million. Boot Barn had a return on equity of 18.52% and a net margin of 10.02%.The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the company posted $1.22 EPS. Boot Barn updated its Q1 2027 guidance to 1.620-1.710 EPS and its FY 2027 guidance to 8.210-8.640 EPS.

Here are the key takeaways from Boot Barn’s conference call:

• Boot Barn reported a strong fiscal 2026, with revenue up 18% to $2.25 billion, same-store sales up 7.2%, and EPS up 25% to $7.35, alongside a record 80 new store openings.
• Fourth quarter results also topped expectations, with revenue up 19%, same-store sales up 6.1%, and EPS up 19% to $1.45; management said current quarter-to-date comps are still running up 5%.
• Management highlighted progress on exclusive brands and sourcing, including exclusive brand penetration reaching 40.8% for the year and new brand websites driving customer acquisition, while the in-house sourcing team helped offset tariff pressure and expand margins.
• The work boot category has reaccelerated, delivering four consecutive quarters of comp growth, and management said it is seeing stronger sell-through from selected third-party work boot brands as it refines the assortment.
• For fiscal 2027, Boot Barn guided to sales of $2.6 billion and EPS of $8.64 at the high end, while noting some near-term pressure from new store openings, higher occupancy costs, and freight/tariff-related uncertainty.

Boot Barn Stock Down 1.7%

Shares of BOOT traded down $2.44 during mid-day trading on Friday, hitting $143.92. 1,783,449 shares of the company’s stock traded hands, compared to its average volume of 666,947. Boot Barn has a 1 year low of $133.18 and a 1 year high of $210.25. The firm has a market capitalization of $4.38 billion, a P/E ratio of 19.58, a PEG ratio of 0.89 and a beta of 1.73. The business’s 50-day moving average price is $158.86 and its 200-day moving average price is $178.99.

Boot Barn News Summary

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

• Positive Sentiment: Boot Barn reported fiscal Q4 earnings and revenue that both topped Wall Street estimates, with EPS of $1.45 versus $1.43 expected and revenue of $538.75 million versus $531.23 million expected. Revenue rose 18.7% year over year, suggesting demand remains solid. Article source
• Positive Sentiment: The company described the period as a “record year” and continued to highlight store expansion, including an 80-store increase, which supports a longer-term growth story. Article source
• Positive Sentiment: Boot Barn’s fiscal 2027 outlook calls for $2.6 billion in revenue and EPS of $8.21 to $8.64, reinforcing management’s confidence in continued growth. Article source
• Neutral Sentiment: Several brokerages reiterated bullish ratings, but some lowered their price targets after the earnings update, including Bank of America and Robert W. Baird, indicating expectations remain constructive but have been adjusted downward. Article source
• Negative Sentiment: Boot Barn’s first-quarter fiscal 2027 EPS guidance of $1.62 to $1.71 came in below the consensus estimate of $1.94, which may be pressuring the stock despite the strong Q4 beat. Article source

Analyst Ratings Changes

A number of research firms recently weighed in on BOOT. Piper Sandler dropped their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday. Jefferies Financial Group upgraded Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research report on Monday, April 6th. UBS Group boosted their target price on Boot Barn from $270.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America dropped their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research report on Friday. Finally, BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research report on Friday. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $230.83.

Hedge Funds Weigh In On Boot Barn

Several hedge funds have recently made changes to their positions in BOOT. Royal Bank of Canada increased its stake in shares of Boot Barn by 50.3% during the first quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock valued at $3,725,000 after buying an additional 11,598 shares during the period. AQR Capital Management LLC increased its stake in shares of Boot Barn by 198.0% during the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock valued at $957,000 after buying an additional 5,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 period. Goldman Sachs Group Inc. increased its stake in shares of Boot Barn by 23.6% during 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 purchased a new stake in Boot Barn in the first quarter worth $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.