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

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. BTIG Research restated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a research report on Thursday, February 5th. Weiss Ratings downgraded Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 4th. Stephens upgraded Boot Barn from an “equal weight” rating to an “overweight” rating and set a $237.00 price objective on the stock in a research report on Friday, February 6th. Piper Sandler boosted 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. Finally, Citigroup reiterated a “buy” rating on shares of Boot Barn in a research report on Monday, May 4th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $224.50.

Boot Barn Stock Up 0.7%

NYSE BOOT traded up $1.07 during trading hours on Thursday, hitting $146.31. 1,158,106 shares of the company were exchanged, compared to its average volume of 687,507. The stock has a 50-day moving average price of $160.47 and a 200 day moving average price of $179.60. Boot Barn has a 52 week low of $133.18 and a 52 week high of $210.25. The stock has a market cap of $4.45 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 0.88 and a beta of 1.73.

Boot Barn (NYSE:BOOT) last issued 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. The company had revenue of $538.75 million for the quarter, compared to analysts’ expectations of $531.23 million. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.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. As a group, sell-side analysts anticipate that Boot Barn will post 7.33 earnings per share for the current year.

Institutional Trading of Boot Barn

A number of large investors have recently modified their holdings of BOOT. Virtus Advisers LLC purchased a new stake in shares of Boot Barn during the 4th quarter valued at $176,000. Smartleaf Asset Management LLC increased its position in shares of Boot Barn by 11.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the company’s stock valued at $184,000 after acquiring an additional 104 shares during the period. Advisors Asset Management Inc. increased its position in shares of Boot Barn by 24.6% in the 4th quarter. Advisors Asset Management Inc. now owns 825 shares of the company’s stock valued at $146,000 after acquiring an additional 163 shares during the period. DRW Securities LLC acquired a new position in shares of Boot Barn in the 4th quarter valued at $204,000. Finally, Corient Private Wealth LLC acquired a new stake in Boot Barn during the 2nd quarter worth about $221,000.

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.