Boot Barn (NYSE:BOOT) Releases Quarterly Earnings Results

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

Shares of NYSE:BOOT traded up $1.07 during trading hours on Thursday, hitting $146.31. 1,243,116 shares of the company’s stock traded hands, compared to its average volume of 636,588. The company’s fifty day simple moving average is $159.66 and its two-hundred day simple moving average is $179.24. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth 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.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BOOT. Citigroup reiterated a “buy” rating on shares of Boot Barn in a research note on Monday, May 4th. UBS Group boosted their target price on shares of Boot Barn from $267.00 to $270.00 and gave the company a “buy” rating in a research note on Monday. Stephens upgraded 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. Weiss Ratings lowered Boot Barn from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 4th. Finally, Piper Sandler boosted their price objective on Boot Barn from $229.00 to $230.00 and gave the company 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $224.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its holdings in shares of Boot Barn by 15.7% in the fourth quarter. Invesco Ltd. now owns 1,061,668 shares of the company’s stock valued at $187,353,000 after buying an additional 144,262 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Boot Barn by 7.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 434,996 shares of the company’s stock valued at $76,764,000 after buying an additional 31,039 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Boot Barn in the fourth quarter valued at $3,826,000. XTX Topco Ltd increased its holdings in shares of Boot Barn by 174.9% in the fourth quarter. XTX Topco Ltd now owns 5,833 shares of the company’s stock valued at $1,029,000 after buying an additional 3,711 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Boot Barn by 4.3% in the fourth quarter. Wellington Management Group LLP now owns 1,206,107 shares of the company’s stock valued at $212,842,000 after buying an additional 49,790 shares in the last quarter.

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.