Boot Barn (NYSE:BOOT) Issues Q3 2027 Earnings Guidance

Boot Barn (NYSE:BOOT) updated its third quarter 2027 earnings guidance on Friday. The company provided EPS guidance of 3.030-3.190 for the period, compared to the consensus EPS estimate of 3.420. The company issued revenue guidance of $785.0 million-$802.0 million, compared to the consensus revenue estimate of $816.2 million. Boot Barn also updated its FY 2027 guidance to 8.720-9.000 EPS.

Analyst Ratings Changes

A number of brokerages recently commented on BOOT. Piper Sandler restated an “overweight” rating and set a $187.00 price objective (down from $226.00) on shares of Boot Barn in a research note on Thursday. TD Cowen reduced their price objective on shares of Boot Barn from $160.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday. Craig Hallum reiterated a “buy” rating and issued a $225.00 price objective on shares of Boot Barn in a research note on Thursday. Stephens upped their price objective on shares of Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Finally, UBS Group dropped their target price on shares of Boot Barn from $232.00 to $194.00 and set a “buy” rating on the stock in a report on Thursday. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

Boot Barn Stock Performance

Shares of BOOT stock opened at $128.07 on Friday. Boot Barn has a 52 week low of $110.53 and a 52 week high of $210.25. The stock has a market capitalization of $3.88 billion, a PE ratio of 15.66, a PEG ratio of 0.74 and a beta of 1.76. The stock’s fifty day moving average is $131.72 and its 200-day moving average is $158.68.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. Boot Barn had a return on equity of 19.04% and a net margin of 10.45%. The firm had revenue of $581.81 million during the quarter, compared to analyst estimates of $580.80 million. During the same period last year, the company earned $1.37 earnings per share. The company’s revenue was up 15.1% on a year-over-year basis. As a group, analysts forecast that Boot Barn will post 9.06 earnings per share for the current fiscal year.

More Boot Barn News

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

• Positive Sentiment: Boot Barn reported fiscal Q2 revenue of approximately $581.8 million, up 15.1% year over year, while diluted EPS rose 26.3% to $1.73, beating the $1.63 consensus estimate. Gross profit, operating income and operating cash flow also increased, reflecting margin gains and improved profitability. Boot Barn fiscal Q2 results
• Positive Sentiment: The company authorized an additional $400 million for share repurchases, which could support per-share earnings and signal management confidence in the long-term outlook. Boot Barn also raised its full-year store-opening target to approximately 80 locations and plans to continue expanding its retail footprint. Boot Barn share repurchase authorization
• Neutral Sentiment: Boot Barn’s commercial business, Boot Barn Workforce, generated about $100 million in sales during the previous fiscal year, providing an additional growth channel beyond consumer retail. Boot Barn long-term investor takeaways
• Negative Sentiment: Management’s fiscal Q3 guidance calls for EPS of $3.03–$3.19 and revenue of $785 million–$802 million, below consensus estimates of $3.42 and $816.2 million, respectively. Full-year fiscal 2027 EPS guidance of $8.72–$9.00 also trails the $9.02 consensus, although the $2.6 billion revenue outlook is in line with expectations.
• Negative Sentiment: The combination of a sales shortfall and lower outlook has prompted cautious analyst reactions. Robert W. Baird reduced its price target from $160 to $145 while retaining an “outperform” rating, and Zacks Research downgraded the stock from “strong buy” to “hold.” Baird Boot Barn rating

Boot Barn Company Profile

Boot Barn Holdings, Inc is a specialty retailer focused on Western and work-related apparel, footwear and accessories. The company sells products including cowboy boots, work boots, jeans, shirts, hats, outerwear, belts and other accessories from a range of national and private-label brands.

Boot Barn serves customers through a network of retail stores across the United States, as well as through its e-commerce platform. Its merchandise is marketed to Western lifestyle customers, workers who need durable clothing and footwear, and consumers participating in activities such as rodeo, riding and outdoor recreation.

The company traces its beginnings to 1978 and is headquartered in Irvine, California.