Boot Barn (NYSE:BOOT – Get Free Report) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 8.800-9.230 for the period, compared to the consensus estimate of 8.540. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Boot Barn also updated its Q2 2027 guidance to 1.550-1.650 EPS.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Boot Barn in a report on Monday, May 4th. Robert W. Baird cut their price objective on Boot Barn from $244.00 to $225.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. TD Cowen reaffirmed a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Bank of America decreased their target price on shares of Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, BTIG Research reissued a “buy” rating and issued a $235.00 target price on shares of Boot Barn in a research report on Monday. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $226.92.
Check Out Our Latest Report on Boot Barn
Boot Barn Trading Down 4.8%
Boot Barn (NYSE:BOOT – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.60. The company had revenue of $593.51 million during the quarter, compared to the consensus estimate of $583.15 million. Boot Barn had a net margin of 10.02% and a return on equity of 18.15%. 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. On average, research analysts forecast that Boot Barn will post 8.56 EPS for the current fiscal year.
Institutional Investors Weigh In On Boot Barn
Several institutional investors have recently made changes to their positions in BOOT. Los Angeles Capital Management LLC acquired a new position in Boot Barn in the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd bought a new position in Boot Barn during the third quarter valued at about $49,000. Johnson Financial Group Inc. acquired a new stake in shares of Boot Barn in the third quarter worth about $60,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Boot Barn in the fourth quarter worth about $91,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Boot Barn during the 4th quarter valued at about $99,000.
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.
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