Boot Barn (NYSE:BOOT) Issues Q3 2027 Earnings Guidance

Key Points

• Boot Barn issued below-consensus fiscal Q3 2027 guidance: EPS is projected at $3.03–$3.19 versus the $3.42 consensus, while revenue is expected at $785 million–$802 million versus $816.2 million.
• The company’s latest quarter exceeded expectations, with revenue rising 15.1% year over year to $581.8 million and EPS reaching $1.73 versus the $1.63 consensus. Boot Barn also authorized an additional $400 million for share repurchases and raised its store-opening target to approximately 80 locations.
• Analysts remain broadly positive, with 13 Buy ratings and two Holds and an average price target of $193, although several firms have recently lowered their targets following the cautious outlook.

Boot Barn (NYSE:BOOT - Get Free Report) updated its third quarter 2027 earnings guidance on Friday morning. The company provided earnings per share guidance of 3.030-3.190 for the period, compared to the consensus earnings per share estimate of 3.420. The company issued revenue guidance of $785.0 million-$802.0 million, compared to the consensus revenue estimate of $816.2 million. Boot Barn also updated its FY 2027 guidance to 8.720-9.000 EPS.

Wall Street Analysts Forecast Growth

Several research firms have commented on BOOT. Piper Sandler restated an "overweight" rating and set a $187.00 price objective (down from $226.00) on shares of Boot Barn in a report on Thursday. Craig Hallum reiterated a "buy" rating and issued a $225.00 target price on shares of Boot Barn in a research report on Thursday. Citigroup cut their price objective on shares of Boot Barn from $205.00 to $180.00 and set a "buy" rating on the stock in a research note on Tuesday, October 13th. Stephens raised their target price on shares of Boot Barn from $196.00 to $207.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Finally, TD Cowen decreased their target price on shares of Boot Barn from $160.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $193.00.

Boot Barn Price Performance

BOOT opened at $128.07 on Friday. The business has a fifty day moving average price of $131.72 and a 200 day moving average price of $158.68. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 0.74 and a beta of 1.76. Boot Barn has a 12 month low of $110.53 and a 12 month high of $210.25.

Boot Barn (NYSE:BOOT - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.10. Boot Barn had a return on equity of 19.04% and a net margin of 10.45%. The business had revenue of $581.81 million during the quarter, compared to the consensus estimate of $580.80 million. During the same period in the previous year, the business earned $1.37 EPS. The business's quarterly revenue was up 15.1% on a year-over-year basis. On average, research analysts anticipate that Boot Barn will post 9.06 earnings per share for the current year.

More Boot Barn News

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

• Positive Sentiment: Boot Barn reported fiscal Q2 revenue of approximately $581.8 million, up 15.1% year over year, while diluted EPS rose 26.3% to $1.73, beating the $1.63 consensus estimate. Gross profit, operating income and operating cash flow also increased, reflecting margin gains and improved profitability. Boot Barn fiscal Q2 results
• Positive Sentiment: The company authorized an additional $400 million for share repurchases, which could support per-share earnings and signal management confidence in the long-term outlook. Boot Barn also raised its full-year store-opening target to approximately 80 locations and plans to continue expanding its retail footprint. Boot Barn share repurchase authorization
• Neutral Sentiment: Boot Barn’s commercial business, Boot Barn Workforce, generated about $100 million in sales during the previous fiscal year, providing an additional growth channel beyond consumer retail. Boot Barn long-term investor takeaways
• Negative Sentiment: Management’s fiscal Q3 guidance calls for EPS of $3.03–$3.19 and revenue of $785 million–$802 million, below consensus estimates of $3.42 and $816.2 million, respectively. Full-year fiscal 2027 EPS guidance of $8.72–$9.00 also trails the $9.02 consensus, although the $2.6 billion revenue outlook is in line with expectations.
• Negative Sentiment: The combination of a sales shortfall and lower outlook has prompted cautious analyst reactions. Robert W. Baird reduced its price target from $160 to $145 while retaining an “outperform” rating, and Zacks Research downgraded the stock from “strong buy” to “hold.” Baird Boot Barn rating

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.

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