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

Boot Barn (NYSE:BOOT) updated its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 8.210-8.640 for the period, compared to the consensus EPS estimate of 8.520. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Boot Barn also updated its Q1 2027 guidance to 1.620-1.710 EPS.

Analyst Ratings Changes

BOOT has been the subject of several recent analyst reports. Citigroup restated a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. Stephens upgraded 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. UBS Group lifted their price target on Boot Barn from $267.00 to $270.00 and gave the company a “buy” rating in a research note on Monday. Zacks Research lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Finally, Weiss Ratings lowered Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, March 4th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and an average price target of $224.50.

Boot Barn Trading Up 0.7%

NYSE:BOOT traded up $1.07 during trading hours on Thursday, hitting $146.31. 1,238,706 shares of the stock were exchanged, compared to its average volume of 687,639. Boot Barn has a 52-week low of $133.18 and a 52-week high of $210.25. The firm’s fifty day moving average price is $160.47 and its 200 day moving average price is $179.60. The company has a market cap of $4.45 billion, a P/E ratio of 20.55, a P/E/G ratio of 0.88 and a beta of 1.73.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.43 by $0.02. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The company had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.23 million. 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. Equities analysts expect that Boot Barn will post 7.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Boot Barn

Several large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Boot Barn by 4.3% during the 4th quarter. Wellington Management Group LLP now owns 1,206,107 shares of the company’s stock worth $212,842,000 after buying an additional 49,790 shares in the last quarter. State Street Corp boosted its holdings in shares of Boot Barn by 0.6% during the 4th quarter. State Street Corp now owns 1,176,193 shares of the company’s stock worth $207,563,000 after purchasing an additional 7,410 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Boot Barn by 83.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after purchasing an additional 502,275 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Boot Barn by 15.7% during the 4th quarter. Invesco Ltd. now owns 1,061,668 shares of the company’s stock worth $187,353,000 after purchasing an additional 144,262 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Boot Barn by 24.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 579,680 shares of the company’s stock worth $96,065,000 after purchasing an additional 112,918 shares during the last quarter.

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.