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

Boot Barn (NYSE:BOOT) posted its quarterly earnings data on Thursday. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.43 by $0.02, FiscalAI reports. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The business had revenue of $538.75 million during the quarter, compared to analyst estimates of $531.23 million. During the same quarter last year, the firm posted $1.22 earnings per share. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. 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 Stock Performance

NYSE:BOOT traded up $1.07 during trading hours on Thursday, hitting $146.31. The company’s stock had a trading volume of 1,243,116 shares, compared to its average volume of 636,588. The company has a market capitalization of $4.45 billion, a PE ratio of 20.55, a PEG ratio of 0.89 and a beta of 1.73. Boot Barn has a 52-week low of $133.18 and a 52-week high of $210.25. The business’s 50-day moving average is $159.66 and its two-hundred day moving average is $179.24.

Wall Street Analyst Weigh In

BOOT has been the subject of a number of recent research reports. Zacks Research downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Stephens upgraded shares of Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective for the company in a research report on Friday, February 6th. BTIG Research restated a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a research report on Thursday, February 5th. UBS Group boosted their price objective on shares of Boot Barn from $267.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Sandler boosted their price objective on shares of Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $224.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC acquired a new stake in Boot Barn in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in Boot Barn in the 3rd quarter valued at about $49,000. Johnson Financial Group Inc. acquired a new stake in Boot Barn in the 3rd quarter valued at about $60,000. Kemnay Advisory Services Inc. acquired a new stake in Boot Barn in the 4th quarter valued at about $91,000. Finally, Kestra Advisory Services LLC acquired a new stake in Boot Barn in the 4th quarter valued at about $99,000.

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.