Boot Barn (NYSE:BOOT) Issues FY 2026 Earnings Guidance

Boot Barn (NYSE:BOOT) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 7.250-7.350 for the period, compared to the consensus estimate of 7.320. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion. Boot Barn also updated its Q4 2026 guidance to 1.350-1.450 EPS.

Boot Barn Stock Performance

BOOT traded up $5.93 during midday trading on Thursday, reaching $189.13. 1,704,169 shares of the company were exchanged, compared to its average volume of 791,029. The stock has a market capitalization of $5.77 billion, a P/E ratio of 27.98, a PEG ratio of 1.35 and a beta of 1.67. Boot Barn has a one year low of $86.17 and a one year high of $210.25. The stock’s 50-day simple moving average is $190.67 and its 200 day simple moving average is $182.24.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share for the quarter, hitting the consensus estimate of $2.79. Boot Barn had a net margin of 10.05% and a return on equity of 18.11%. The business had revenue of $705.64 million for the quarter, compared to analyst estimates of $700.71 million. During the same quarter last year, the firm earned $2.43 EPS. Boot Barn’s quarterly revenue was up 16.0% compared to the same quarter last year. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. On average, research analysts anticipate that Boot Barn will post 5.82 earnings per share for the current year.

Analyst Ratings Changes

BOOT has been the subject of several research analyst reports. BTIG Research reiterated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Boot Barn from $276.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. UBS Group raised their price objective on shares of Boot Barn from $265.00 to $267.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group assumed coverage on shares of Boot Barn in a research note on Thursday, December 11th. They issued a “buy” rating and a $225.00 target price for the company. Finally, Jefferies Financial Group upped their price objective on Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.31.

Insider Activity at Boot Barn

In other news, Director Gene Eddie Burt sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $191.41, for a total value of $229,692.00. Following the transaction, the director owned 3,338 shares in the company, valued at $638,926.58. This trade represents a 26.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.66% of the stock is currently owned by company insiders.

Boot Barn News Summary

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

• Positive Sentiment: Q3 results: Net sales rose 16% to $705.6M, same-store sales +5.7%, and EPS of $2.79 matched estimates; management raised FY26 revenue and EPS targets — the core operational beat and guidance lift are the primary drivers of the stock move. Boot Barn Q3 Earnings & Sales Meet Estimates, FY26 Guidance Up
• Positive Sentiment: Analyst upgrades: BTIG reaffirmed a “buy” and set a $235 price target, and Zacks upgraded BOOT from “hold” to “strong-buy” — these research actions support further upside and likely contributed to buying interest. Benzinga
• Positive Sentiment: Guidance detail: Q4 EPS guidance of $1.35–1.45 and FY26 EPS of $7.25–7.35 (and revenue guidance toward $2.2–$2.3B) show management expects continued growth — guidance raise seen as confirmation the holiday strength is sustainable. Business Wire: Q3 Financial Results
• Neutral Sentiment: Wider coverage & investor materials: Multiple outlets ran earnings snapshots and the company posted its earnings call transcript and slide deck — useful for investors doing deeper diligence but less likely to move price alone. Seeking Alpha: Earnings Call Transcript
• Neutral Sentiment: Market reaction context: Several headlines note shares surged after the report; elevated volume suggests institutional interest — watch next-day trading and whether upgrades/earnings momentum sustain the move. Investing.com: Shares Surge as Holiday Sales Drive Earnings Beat

Hedge Funds Weigh In On Boot Barn

Several institutional investors have recently added to or reduced their stakes in BOOT. Invesco Ltd. boosted its position in Boot Barn by 46.3% during the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after purchasing an additional 290,493 shares during the period. Ameriprise Financial Inc. raised its position in shares of Boot Barn by 24.2% in the third quarter. Ameriprise Financial Inc. now owns 579,680 shares of the company’s stock worth $96,065,000 after buying an additional 112,918 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Boot Barn by 2,547.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock valued at $78,086,000 after acquiring an additional 453,396 shares during the last quarter. Raymond James Financial Inc. grew its stake in Boot Barn by 25.1% in the 2nd quarter. Raymond James Financial Inc. now owns 413,387 shares of the company’s stock worth $62,835,000 after buying an additional 82,938 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Boot Barn by 43.4% in the second quarter. Bank of America Corp DE now owns 384,404 shares of the company’s stock worth $58,429,000 after acquiring an additional 116,269 shares in the last quarter.

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.