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

Boot Barn (NYSE:BOOT) issued an update on its FY 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 8.720-9.000 for the period, compared to the consensus estimate of 9.020. The company issued revenue guidance of $2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Boot Barn also updated its Q3 2027 guidance to 3.030-3.190 EPS.

Boot Barn Trading Up 1.1%

BOOT stock traded up $1.50 during trading on Friday, reaching $131.98. The stock had a trading volume of 192,635 shares, compared to its average volume of 717,806. The firm has a market cap of $4.00 billion, a PE ratio of 15.98, a PEG ratio of 0.74 and a beta of 1.76. The stock’s 50 day moving average is $131.72 and its two-hundred day moving average is $158.68. Boot Barn has a 52 week low of $110.53 and a 52 week high of $210.25.

Boot Barn (NYSE:BOOT) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.10. The firm had revenue of $581.81 million for the quarter, compared to analysts’ expectations of $580.80 million. Boot Barn had a net margin of 10.45% and a return on equity of 19.04%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 EPS. On average, research analysts anticipate that Boot Barn will post 9.06 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stephens raised their price objective on Boot Barn from $196.00 to $207.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. TD Cowen reduced their target price on shares of Boot Barn from $160.00 to $140.00 and set a “buy” rating for the company in a report on Thursday. Zacks Research lowered shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Craig Hallum restated a “buy” rating and set a $225.00 target price on shares of Boot Barn in a research note on Thursday. Finally, UBS Group lowered their price target 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $193.00.

Key Headlines Impacting Boot Barn

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

• Positive Sentiment: Boot Barn reported fiscal Q2 EPS of $1.73, above the $1.63 consensus estimate, while revenue rose 15.1% year over year to approximately $581.8 million. Improved margins, store expansion and stronger cash flow supported the earnings beat. Boot Barn Q2 earnings report
• Positive Sentiment: The company authorized an additional $400 million for share repurchases, which could support per-share results and signal confidence in the long-term business outlook. Boot Barn results and share repurchase announcement
• Positive Sentiment: Boot Barn raised its full-year store-opening target to as many as 80 locations and highlighted the growing Boot Barn Workforce commercial business, which generated about $100 million in sales last fiscal year. Boot Barn long-term investor takeaways

About Boot Barn

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.