Boot Barn (NYSE:BOOT) Releases Q1 2027 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.620-1.710 for the period, compared to the consensus estimate of 1.940. The company issued revenue guidance of $574.0 million-$584.0 million, compared to the consensus revenue estimate of $573.1 million. Boot Barn also updated its FY 2027 guidance to 8.210-8.640 EPS.

Boot Barn Stock Up 0.7%

Shares of BOOT stock opened at $146.31 on Friday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 0.89 and a beta of 1.73. The company’s 50 day moving average is $159.66 and its 200 day moving average is $179.24. Boot Barn has a 52-week low of $133.18 and a 52-week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.02. The company had revenue of $538.75 million for the quarter, compared to analyst estimates of $531.23 million. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. Boot Barn’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share. 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. Analysts anticipate that Boot Barn will post 7.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BOOT shares. Stephens raised shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective on the stock in a report on Friday, February 6th. Weiss Ratings downgraded shares of Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 4th. BTIG Research restated a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research note on Friday. Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price for the company in a research note on Monday, April 6th. Finally, Robert W. Baird lowered their target price on shares of Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a research note on Friday. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $233.27.

Institutional Investors Weigh In On Boot Barn

Institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in Boot Barn in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Boot Barn during the third quarter worth $49,000. Johnson Financial Group Inc. acquired a new stake in shares of Boot Barn during the third quarter worth $60,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Boot Barn during the fourth quarter worth $91,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Boot Barn during the fourth quarter worth $99,000.

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.