Boot Barn (NYSE:BOOT) Releases Q2 2026 Earnings Guidance

Key Points

• Boot Barn has issued its Q2 2026 earnings guidance, projecting EPS between 1.190 and 1.270, surpassing the consensus estimate of 1.179, along with revenue guidance of $487 million to $495 million compared to a consensus of $481 million.
• The company's stock saw a decline, dropping $5.69 to a trading price of $171.13, with an average volume of over one million shares traded.
• Boot Barn's board has authorized a $200 million stock repurchase plan, indicating confidence in the company's perceived undervaluation, as they plan to repurchase up to 4.8% of shares.

Boot Barn (NYSE:BOOT - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.190-1.270 for the period, compared to the consensus EPS estimate of 1.179. The company issued revenue guidance of $487.0 million-$495.0 million, compared to the consensus revenue estimate of $481.0 million. Boot Barn also updated its FY 2026 guidance to 5.800-6.700 EPS.

Boot Barn Stock Performance

Shares of BOOT stock traded down $5.69 on Thursday, hitting $171.13. 1,038,453 shares of the stock traded hands, compared to its average volume of 912,338. The stock has a market capitalization of $5.23 billion, a PE ratio of 29.20, a PEG ratio of 2.05 and a beta of 1.69. Boot Barn has a twelve month low of $86.17 and a twelve month high of $179.89. The firm's 50-day moving average price is $164.16 and its two-hundred day moving average price is $137.51.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.53 by $0.21. Boot Barn had a net margin of 9.47% and a return on equity of 16.98%. On average, equities research analysts anticipate that Boot Barn will post 5.82 EPS for the current fiscal year.

Boot Barn declared that its board has authorized a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to purchase up to 4.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BOOT. Jefferies Financial Group downgraded shares of Boot Barn from a "buy" rating to a "hold" rating and cut their price target for the stock from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Craig Hallum upgraded Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 price objective for the company in a research note on Wednesday, April 23rd. Citigroup raised their target price on shares of Boot Barn from $137.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Stephens initiated coverage on shares of Boot Barn in a research report on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price objective for the company. Finally, Robert W. Baird increased their price target on Boot Barn from $140.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boot Barn presently has a consensus rating of "Moderate Buy" and an average price target of $179.23.

Insider Buying and Selling at Boot Barn

In related news, insider Michael A. Love sold 4,154 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $155.34, for a total transaction of $645,282.36. Following the transaction, the insider directly owned 2,112 shares in the company, valued at approximately $328,078.08. The trade was a 66.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laurie Marie Grijalva sold 2,438 shares of Boot Barn stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $160.67, for a total value of $391,713.46. Following the sale, the insider owned 14,593 shares in the company, valued at $2,344,657.31. The trade was a 14.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Boot Barn

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings 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 acquiring an additional 11,598 shares in the last quarter. AQR Capital Management LLC increased its position in Boot Barn by 198.0% in the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Boot Barn by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company's stock valued at $1,894,000 after purchasing an additional 779 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings 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 worth $34,771,000 after buying an additional 61,719 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Boot Barn during the first quarter valued at approximately $209,000.

Boot Barn Company Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.

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