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 EPS guidance of 1.550-1.650 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

A number of brokerages have issued reports on BOOT. BTIG Research cut their price target on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird set a $212.00 target price on shares of Boot Barn in a report on Thursday. Piper Sandler cut their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Citigroup restated a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Finally, Jefferies Financial Group raised Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research report on Monday, April 6th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $221.25.

Boot Barn Price Performance

Boot Barn stock traded up $4.79 during mid-day trading on Thursday, reaching $155.69. 1,233,668 shares of the company traded hands, compared to its average volume of 706,680. The firm’s fifty day moving average is $162.86 and its two-hundred day moving average is $168.46. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.11 and a beta of 1.69. Boot Barn has a fifty-two week low of $133.18 and a fifty-two week high of $210.25.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.69 by $0.60. The business had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 earnings per share. 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. As a group, equities research analysts predict that Boot Barn will post 8.56 earnings per share for the current year.

Boot Barn News Roundup

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

• Positive Sentiment: First-quarter results topped expectations. Boot Barn reported adjusted EPS of $2.29 versus the $1.69 consensus estimate, while revenue rose 17.7% year over year to approximately $593.5 million, above expectations of $583.2 million. Same-store sales increased 4.7%, supported by retail stores and e-commerce. Boot Barn First-Quarter Fiscal 2027 Results
• Positive Sentiment: Full-year guidance was raised. Boot Barn now expects fiscal 2027 EPS of $8.80 to $9.23, above the prior outlook and the $8.54 analyst consensus. The company projects roughly $2.6 billion in revenue. Tariff refunds are expected to contribute about $0.46 per share, providing a near-term earnings lift. Boot Barn Q1 Earnings Beat and Outlook
• Positive Sentiment: Expansion remains a growth driver. Store growth, including a planned location in a Gilroy, California, shopping center, is reinforcing the company’s long-term sales strategy. Boot Barn Gilroy Store Expansion
• Neutral Sentiment: Analyst sentiment remains constructive but more cautious. TD Cowen retained a Buy rating but lowered its price target from $225 to $190, indicating upside from recent levels while reflecting a more measured valuation view. TD Cowen Boot Barn Price Target
• Negative Sentiment: Second-quarter guidance was below consensus. Boot Barn forecast EPS of $1.55 to $1.65 and revenue of $572 million to $582 million, below analysts’ estimates of $1.69 and $593.9 million, respectively. Investors may also be cautious that part of the full-year earnings increase comes from tariff refunds rather than recurring operations. Boot Barn Fiscal 2027 Outlook

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in shares of Boot Barn in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Boot Barn in the 3rd quarter worth approximately $49,000. Johnson Financial Group Inc. acquired a new position in Boot Barn in the 3rd quarter worth approximately $60,000. Kemnay Advisory Services Inc. purchased a new position in Boot Barn during the 4th quarter worth approximately $91,000. Finally, Kestra Advisory Services LLC purchased a new position in Boot Barn during the 4th quarter worth approximately $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.