Boot Barn (NYSE:BOOT) Updates Q2 2027 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its second quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.550-1.650 for the period, compared to the consensus earnings per share estimate of 1.690. The company issued revenue guidance of $572.0 million-$582.0 million, compared to the consensus revenue estimate of $593.9 million. Boot Barn also updated its FY 2027 guidance to 8.800-9.230 EPS.

Analysts Set New Price Targets

Several analysts have recently issued reports on BOOT shares. TD Cowen reduced their price objective on Boot Barn from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday. UBS Group set a $225.00 price target on Boot Barn in a report on Wednesday, June 17th. BTIG Research decreased their price objective on Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup reissued a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Finally, Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research note on Monday, April 6th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and an average target price of $221.25.

Boot Barn Trading Down 2.4%

Shares of BOOT stock traded down $3.67 on Friday, reaching $150.71. 270,101 shares of the stock were exchanged, compared to its average volume of 707,905. The business’s 50 day moving average price is $162.87 and its 200 day moving average price is $168.18. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.06 and a beta of 1.69. Boot Barn has a twelve month low of $133.18 and a twelve month high of $210.25.

Boot Barn (NYSE:BOOT) last posted its earnings results on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 19.12% and a net margin of 10.35%.The firm had revenue of $593.51 million for the quarter, compared to analyst estimates of $583.15 million. During the same quarter in the prior year, the company posted $1.74 earnings per share. Boot Barn’s revenue for the quarter was up 17.7% compared to the same quarter last year. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. Equities research analysts forecast that Boot Barn will post 8.55 earnings per share for the current year.

Key Boot Barn News

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

• Positive Sentiment: Boot Barn reported fiscal Q1 2027 revenue of $593.5 million, up 17.7% year over year, while earnings of $2.29 per share exceeded the $1.69 analyst consensus. Same-store sales rose 4.7%, supported by retail store growth and e-commerce. Boot Barn fiscal first-quarter financial results
• Positive Sentiment: Management raised its fiscal 2027 outlook, projecting approximately $2.6 billion in revenue and $8.80 to $9.23 in adjusted EPS, above the prior consensus EPS estimate of $8.54. The high end includes an estimated $0.46 benefit from tariff refunds. Boot Barn fiscal 2027 outlook
• Positive Sentiment: Store expansion, digital sales strength and the tariff-refund benefit were cited as key drivers of the quarterly beat and improved full-year outlook. Boot Barn earnings beat and outlook
• Neutral Sentiment: TD Cowen maintained a Buy rating but reduced its price target from $225 to $190, reflecting more cautious valuation or near-term growth assumptions while still implying potential upside. TD Cowen price target update
• Negative Sentiment: Fiscal Q2 guidance came in below expectations: EPS of $1.55 to $1.65 versus consensus of $1.69 and revenue of $572 million to $582 million versus approximately $593.9 million expected. The weaker forecast is the primary pressure on the stock despite the first-quarter beat.
• Negative Sentiment: Reports indicated July sales slowed, raising concerns that consumer demand and same-store sales momentum may weaken after the strong quarter. Analysts also cautioned that store expansion alone may not justify the company’s valuation. Boot Barn July sales slowdown

Institutional Trading of Boot Barn

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in Boot Barn by 50.3% during the 1st quarter. Royal Bank of Canada now owns 34,676 shares of the company’s stock worth $3,725,000 after acquiring an additional 11,598 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Boot Barn by 198.0% during the first quarter. AQR Capital Management LLC now owns 8,906 shares of the company’s stock worth $957,000 after purchasing an additional 5,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Boot Barn by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,628 shares of the company’s stock worth $1,894,000 after purchasing an additional 779 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Boot Barn by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 323,664 shares of the company’s stock worth $34,771,000 after purchasing an additional 61,719 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Boot Barn during the first quarter worth about $209,000.

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.