Boot Barn (NYSE:BOOT) Updates Q1 2027 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its first quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.620-1.710 for the period, compared to the consensus earnings per share estimate of 1.940. The company issued revenue guidance of $574.0 million-$584.0 million, compared to the consensus revenue estimate of $573.1 million. Boot Barn also updated its FY 2027 guidance to 8.210-8.640 EPS.

Boot Barn Trading Up 0.7%

Shares of NYSE:BOOT traded up $1.07 during midday trading on Thursday, hitting $146.31. The stock had a trading volume of 1,158,106 shares, compared to its average volume of 687,507. The company has a market capitalization of $4.45 billion, a PE ratio of 20.55, a P/E/G ratio of 0.88 and a beta of 1.73. The stock has a 50 day moving average price of $160.47 and a two-hundred day moving average price of $179.60. Boot Barn has a 1 year low of $133.18 and a 1 year high of $210.25.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Thursday, May 14th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a net margin of 10.10% and a return on equity of 18.28%. The business had revenue of $538.75 million during the quarter, compared to analyst estimates 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. As a group, equities analysts expect that Boot Barn will post 7.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BOOT shares. BTIG Research reissued a “buy” rating and set a $235.00 price target on shares of Boot Barn in a research report on Thursday, February 5th. Stephens upgraded shares of 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. Zacks Research cut shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Citigroup reiterated a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Finally, Piper Sandler raised their price target on shares of Boot Barn from $229.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Boot Barn currently has a consensus rating of “Moderate Buy” and an average target price of $224.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BOOT. Price T Rowe Associates Inc. MD raised its holdings in Boot Barn by 83.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after purchasing an additional 502,275 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in Boot Barn by 2,547.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after acquiring an additional 453,396 shares during the last quarter. Invesco Ltd. raised its stake in shares of Boot Barn by 46.3% during the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after purchasing an additional 290,493 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Boot Barn during the 4th quarter worth approximately $26,471,000. Finally, Scopus Asset Management L.P. bought a new stake in shares of Boot Barn during the 3rd quarter worth approximately $21,573,000.

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.