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

Key Points

• Boot Barn raised or reaffirmed FY 2027 EPS guidance at $8.80–$9.23, above the analyst consensus of $8.54, while revenue guidance of approximately $2.6 billion matched expectations. Q2 2027 EPS guidance was set at $1.55–$1.65.
• The company’s latest quarterly results exceeded estimates, with EPS of $2.29 versus the $1.69 consensus and revenue of $593.51 million versus $583.15 million expected.
• Shares fell $7.59 to $151.03 in Wednesday trading, despite analysts maintaining a “Moderate Buy” consensus and an average price target of $226.92.

Boot Barn (NYSE:BOOT - Get Free Report) issued an update on 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 Price Performance

BOOT traded down $7.59 during trading on Wednesday, hitting $151.03. The company's stock had a trading volume of 1,180,686 shares, compared to its average volume of 703,891. Boot Barn has a twelve month low of $133.18 and a twelve month high of $210.25. The stock has a market cap of $4.58 billion, a PE ratio of 20.55, a PEG ratio of 1.09 and a beta of 1.69. The firm's 50 day moving average price is $162.68 and its 200-day moving average price is $168.76.

Boot Barn (NYSE:BOOT - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The firm had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. 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 analysts anticipate that Boot Barn will post 8.56 earnings per share for the current year.

Wall Street Analyst Weigh In

BOOT has been the topic of a number of recent analyst reports. UBS Group set a $225.00 price target on shares of Boot Barn in a research note on Wednesday, June 17th. Bank of America cut their target price on Boot Barn from $224.00 to $206.00 and set a "buy" rating on the stock in a research report on Friday, May 15th. Citigroup reissued a "buy" rating on shares of Boot Barn in a research report on Monday, May 4th. Piper Sandler dropped their price target on Boot Barn from $230.00 to $226.00 and set an "overweight" rating for the company in a research note on Friday, May 15th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $235.00 price objective on shares of Boot Barn in a research note on Monday. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $226.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new stake in shares of Boot Barn during the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Boot Barn during the third quarter worth about $49,000. Johnson Financial Group Inc. bought a new stake in Boot Barn in the third quarter worth about $60,000. Kemnay Advisory Services Inc. acquired a new stake in Boot Barn in the 4th quarter valued at about $91,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Boot Barn during the 4th quarter valued at about $99,000.

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.

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