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

Boot Barn (NYSE:BOOT) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 8.210-8.640 for the period, compared to the consensus estimate of 8.520. 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 Q1 2027 guidance to 1.620-1.710 EPS.

Boot Barn Trading Up 0.7%

Shares of BOOT stock opened at $146.31 on Friday. The firm’s fifty day simple moving average is $159.66 and its 200 day simple moving average is $179.24. 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 $4.45 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 0.89 and a beta of 1.73.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.43 by $0.02. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm had revenue of $538.75 million during the quarter, compared to analysts’ expectations of $531.23 million. During the same quarter in the prior year, the firm posted $1.22 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Equities research analysts anticipate that Boot Barn will post 7.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BOOT. BTIG Research restated a “buy” rating and set a $235.00 target price on shares of Boot Barn in a research report on Friday. Stephens upgraded shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 target price for the company in a research report on Friday, February 6th. Robert W. Baird reduced their price target on Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup reiterated a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Finally, Jefferies Financial Group raised Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research report on Monday, April 6th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $232.91.

Key Boot Barn News

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

• Positive Sentiment: Boot Barn reported fiscal Q4 results that beat estimates, with earnings of $1.45 per share versus $1.43 expected and revenue of $538.75 million versus $531.23 million expected. Revenue rose 18.7% year over year, reinforcing momentum in the business. Boot Barn’s (NYSE:BOOT) Q1 CY2026 Sales Beat Estimates
• Positive Sentiment: The company outlined fiscal 2027 targets of about $2.6 billion in sales and $8.64 in EPS, suggesting continued store expansion and long-term growth expectations. Boot Barn BOOT Q4 2026 earnings: Company touts ‘record year’
• Positive Sentiment: Analyst commentary remained supportive, with BTIG reiterating a buy rating and Robert W. Baird maintaining an outperform call, even after trimming its price target. Both targets still imply meaningful upside from current levels. Benzinga analyst update
• Neutral Sentiment: Several follow-up articles and transcript coverage focused on the earnings call and key metrics, but did not add major new catalysts beyond the already-reported results and guidance. Boot Barn Holdings, Inc. (BOOT) Q4 2026 Earnings Call Transcript
• Negative Sentiment: While revenue guidance for Q1 FY2027 was solid, EPS guidance of $1.62 to $1.71 came in below consensus, which may cap some of the enthusiasm around the quarter. Boot Barn outlines fiscal ’27 outlook with $2.6B sales and $8.64 EPS targets as store expansion continues
• Negative Sentiment: Robert W. Baird lowered its price target from $244 to $225, indicating some caution on valuation or near-term expectations despite keeping an outperform rating. Benzinga analyst update

Institutional Investors Weigh In On Boot Barn

A number of institutional investors have recently added to or reduced their stakes in BOOT. Royal Bank of Canada raised its stake in Boot Barn by 50.3% in the 1st 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 during the period. AQR Capital Management LLC raised its holdings in Boot Barn by 198.0% during the 1st 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $1,894,000 after purchasing an additional 779 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Boot Barn by 23.6% in the 1st 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 purchased a new position in Boot Barn during the 1st quarter valued at $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.