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

Boot Barn (NYSE:BOOT) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 8.210-8.640 for the period, compared to the consensus earnings per share 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.

Boot Barn Trading Up 0.7%

NYSE BOOT traded up $1.07 on Thursday, hitting $146.31. The company’s stock had a trading volume of 1,158,106 shares, compared to its average volume of 687,507. Boot Barn has a 52-week low of $133.18 and a 52-week high of $210.25. The company’s 50-day simple moving average is $160.47 and its 200 day simple moving average is $179.60. The firm has a market cap of $4.45 billion, a P/E ratio of 20.55, a PEG ratio of 0.88 and a beta of 1.73.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share 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 business had revenue of $538.75 million during the quarter, compared to analysts’ expectations 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. On average, research analysts forecast that Boot Barn will post 7.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Zacks Research lowered Boot Barn from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Weiss Ratings lowered Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 4th. BTIG Research reissued a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research report on Thursday, February 5th. UBS Group increased their target price on Boot Barn from $267.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Sandler increased their target price on Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Twelve investment analysts have rated the stock with a Buy rating and two have issued 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.

Hedge Funds Weigh In On Boot Barn

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