Boot Barn (NYSE:BOOT) Updates Q2 2027 Earnings Guidance

Boot Barn (NYSE:BOOT) updated its second quarter 2027 earnings guidance on Wednesday. The company provided earnings per share (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.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BOOT. Robert W. Baird decreased their price objective on Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Jefferies Financial Group upgraded 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. Piper Sandler decreased their price target on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, UBS Group set a $225.00 target price on shares of Boot Barn in a report on Wednesday, June 17th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.92.

Boot Barn Trading Down 4.8%

BOOT traded down $7.59 during trading on Wednesday, hitting $151.03. The company’s stock had a trading volume of 1,180,686 shares, compared to its average volume of 703,891. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.09 and a beta of 1.69. Boot Barn has a twelve month low of $133.18 and a twelve month high of $210.25. The business’s fifty day simple moving average is $162.68 and its 200 day simple moving average is $168.76.

Boot Barn (NYSE:BOOT) last announced its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The business had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. 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 forecast that Boot Barn will post 8.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boot Barn

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Boot Barn by 83.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock valued at $194,725,000 after buying an additional 502,275 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Boot Barn by 2,547.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock valued at $78,086,000 after acquiring an additional 453,396 shares during the period. Invesco Ltd. lifted its holdings in shares of Boot Barn by 46.3% in the 3rd quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after acquiring an additional 290,493 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Boot Barn in the fourth quarter valued at approximately $26,471,000. Finally, Scopus Asset Management L.P. acquired a new position in Boot Barn during the third quarter worth $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.