Boot Barn (NYSE:BOOT) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Boot Barn (NYSE:BOOT) issued its quarterly earnings data on Thursday. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.43 by $0.02, FiscalAI reports. The company had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.23 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.Boot Barn’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Boot Barn updated its Q1 2027 guidance to 1.620-1.710 EPS and its FY 2027 guidance to 8.210-8.640 EPS.

Here are the key takeaways from Boot Barn’s conference call:

• Boot Barn reported a strong fiscal 2026, with revenue up 18% to $2.25 billion, same-store sales up 7.2%, and EPS up 25% to $7.35, alongside a record 80 new store openings.
• Fourth quarter results also topped expectations, with revenue up 19%, same-store sales up 6.1%, and EPS up 19% to $1.45; management said current quarter-to-date comps are still running up 5%.
• Management highlighted progress on exclusive brands and sourcing, including exclusive brand penetration reaching 40.8% for the year and new brand websites driving customer acquisition, while the in-house sourcing team helped offset tariff pressure and expand margins.
• The work boot category has reaccelerated, delivering four consecutive quarters of comp growth, and management said it is seeing stronger sell-through from selected third-party work boot brands as it refines the assortment.
• For fiscal 2027, Boot Barn guided to sales of $2.6 billion and EPS of $8.64 at the high end, while noting some near-term pressure from new store openings, higher occupancy costs, and freight/tariff-related uncertainty.

Boot Barn Price Performance

BOOT traded up $1.07 during trading on Thursday, hitting $146.31. 1,243,116 shares of the stock traded hands, compared to its average volume of 636,588. 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 has a 12-month low of $133.18 and a 12-month high of $210.25. The firm has a 50-day moving average of $159.66 and a 200 day moving average of $179.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC bought a new stake in shares of Boot Barn in the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Boot Barn during the third quarter valued at approximately $49,000. Johnson Financial Group Inc. purchased a new stake in Boot Barn in the third quarter worth $60,000. Kemnay Advisory Services Inc. purchased a new stake in Boot Barn in the fourth quarter worth $91,000. Finally, Kestra Advisory Services LLC bought a new stake in Boot Barn in the fourth quarter valued at $99,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BOOT. BTIG Research reissued a “buy” rating and issued a $235.00 price target on shares of Boot Barn in a research note on Thursday, February 5th. Weiss Ratings downgraded shares of Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 4th. UBS Group increased their target price on Boot Barn from $267.00 to $270.00 and gave the company a “buy” rating in a research note on Monday. Citigroup restated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Finally, Stephens raised Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price target for the company in a research note on Friday, February 6th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Boot Barn currently has a consensus rating of “Moderate Buy” and an average target price of $224.50.

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.