Boot Barn (NYSE:BOOT) Issues Q2 2027 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its second quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.550-1.650 for the period, compared to the consensus estimate of 1.690. The company issued revenue guidance of $572.0 million-$582.0 million, compared to the consensus revenue estimate of $593.9 million. Boot Barn also updated its FY 2027 guidance to 8.800-9.230 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BOOT shares. Weiss Ratings lowered shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. BTIG Research restated a “buy” rating and set a $235.00 price target on shares of Boot Barn in a report on Monday. Bank of America dropped their price target on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Piper Sandler cut their price objective on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Finally, Citigroup reiterated a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Boot Barn currently has an average rating of “Moderate Buy” and an average target price of $226.92.

Boot Barn Stock Performance

Shares of BOOT traded down $7.59 during mid-day 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 566,141. Boot Barn has a one year low of $133.18 and a one year high of $210.25. The firm has a market capitalization of $4.58 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.69. The stock’s 50-day moving average is $162.86 and its two-hundred day moving average is $168.46.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. The business had revenue of $593.51 million during the quarter, compared to analyst estimates of $583.15 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share. 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. Analysts expect that Boot Barn will post 8.56 EPS for the current fiscal year.

Key Headlines Impacting Boot Barn

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

• Positive Sentiment: Boot Barn reported fiscal Q1 2027 adjusted earnings of $2.29 per share, well above the $1.69 analyst consensus and up from $1.74 a year earlier. Revenue increased 17.7% year over year to $593.5 million, topping the $583.15 million estimate. Boot Barn fiscal first-quarter results
• Positive Sentiment: Comparable-store sales rose 4.7%, including a 3.8% increase in retail-store same-store sales, indicating continued demand for Boot Barn’s Western and workwear products. The quarter also produced a 10.02% net margin and 18.15% return on equity. Boot Barn key first-quarter metrics
• Positive Sentiment: Full-year fiscal 2027 EPS guidance of $8.80 to $9.23 is above the $8.54 consensus estimate, supporting the longer-term earnings outlook. Full-year revenue guidance was broadly in line with expectations. Boot Barn earnings report
• Neutral Sentiment: The strong quarterly beat confirms positive operating momentum, but investors are focusing more heavily on forward guidance than on the recently completed quarter.
• Negative Sentiment: Second-quarter fiscal 2027 guidance is below consensus: EPS of $1.55 to $1.65 versus $1.69 expected, and revenue of $572 million to $582 million versus $593.9 million expected. This cautious near-term outlook is the primary reason the stock has moved lower despite the earnings beat. Boot Barn guidance announcement

Hedge Funds Weigh In On Boot Barn

Institutional investors have recently added to or reduced their stakes in the company. Teza Capital Management LLC bought a new stake in Boot Barn in the second quarter valued at about $247,000. Corient Private Wealth LLC bought a new position in Boot Barn during the second quarter worth about $221,000. United Services Automobile Association bought a new position in Boot Barn during the first quarter worth about $209,000. DRW Securities LLC bought a new position in Boot Barn during the fourth quarter worth about $204,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Boot Barn by 11.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the company’s stock worth $184,000 after buying an additional 104 shares during the period.

About Boot Barn

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.