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

Boot Barn (NYSE:BOOT) 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.

Boot Barn Price Performance

Shares of Boot Barn stock traded up $1.50 during midday trading on Friday, reaching $131.98. The company had a trading volume of 192,635 shares, compared to its average volume of 717,806. Boot Barn has a fifty-two week low of $110.53 and a fifty-two week high of $210.25. The stock has a fifty day moving average price of $131.72 and a 200 day moving average price of $158.68. The firm has a market cap of $4.00 billion, a PE ratio of 15.98, a P/E/G ratio of 0.74 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. Boot Barn had a return on equity of 19.04% and a net margin of 10.45%. The firm had revenue of $581.81 million for the quarter, compared to analysts’ expectations of $580.80 million. During the same period in the prior year, the business earned $1.37 EPS. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Boot Barn will post 9.06 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on BOOT. UBS Group reduced their price objective on Boot Barn from $232.00 to $194.00 and set a “buy” rating for the company in a research note on Thursday. Craig Hallum reissued a “buy” rating and issued a $225.00 price objective on shares of Boot Barn in a research note on Thursday. Needham & Company LLC initiated coverage on Boot Barn in a report on Friday, October 16th. They issued a “buy” rating and a $150.00 target price on the stock. BTIG Research cut their target price on Boot Barn from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group set a $203.00 price target on Boot Barn in a report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Key Boot Barn News

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

• Positive Sentiment: Boot Barn reported fiscal Q2 EPS of $1.73, above the $1.63 consensus estimate, while revenue rose 15.1% year over year to approximately $581.8 million. Improved margins, store expansion and stronger cash flow supported the earnings beat. Boot Barn Q2 earnings report
• Positive Sentiment: The company authorized an additional $400 million for share repurchases, which could support per-share results and signal confidence in the long-term business outlook. Boot Barn results and share repurchase announcement
• Positive Sentiment: Boot Barn raised its full-year store-opening target to as many as 80 locations and highlighted the growing Boot Barn Workforce commercial business, which generated about $100 million in sales last fiscal year. Boot Barn long-term investor takeaways

About Boot Barn

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.