Boot Barn (NYSE:BOOT – Get Free Report) updated its third quarter 2027 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 3.030-3.190 for the period, compared to the consensus 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.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. BTIG Research cut their target price on shares of Boot Barn from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group reiterated a “buy” rating and set a $175.00 price objective on shares of Boot Barn in a report on Friday. Zacks Research downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings lowered Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Finally, TD Cowen decreased their target price on Boot Barn from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $191.46.
View Our Latest Report on Boot Barn
Boot Barn Trading Up 1.0%
NYSE BOOT opened at $131.77 on Friday. The business has a fifty day simple moving average of $131.15 and a 200 day simple moving average of $158.33. The firm has a market capitalization of $3.94 billion, a P/E ratio of 15.95, a PEG ratio of 0.86 and a beta of 1.76. Boot Barn has a 12 month low of $110.53 and a 12 month high of $210.25.
Boot Barn (NYSE:BOOT – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.63 by $0.10. The business had revenue of $581.81 million for the quarter, compared to the consensus estimate of $580.80 million. Boot Barn had a return on equity of 18.82% and a net margin of 10.45%. Boot Barn’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. As a group, sell-side analysts predict that Boot Barn will post 9.00 EPS for the current fiscal year.
Trending Headlines about Boot Barn
Here are the key news stories impacting Boot Barn this week:
- Positive Sentiment: Boot Barn exceeded quarterly EPS expectations, with earnings of approximately $1.68 per share versus the $1.63 consensus estimate. Margin gains and year-over-year profit growth helped offset weaker-than-expected sales. BOOT Q2 Earnings Beat Estimates on Margin Gains, Sales Miss
- Positive Sentiment: The retailer raised its store expansion ambitions, planning to open 75 to 80 new locations in fiscal 2027. Management also highlighted Boot Barn Workforce, which generated about $100 million in commercial sales last fiscal year, supporting the longer-term growth narrative. Boot Barn outlines fiscal 2027 outlook
- Positive Sentiment: Boot Barn authorized an additional $400 million for share repurchases, potentially providing support for earnings per share and signaling confidence in the company’s financial position. Boot Barn announces results and share repurchase authorization
- Neutral Sentiment: Robert W. Baird maintained an “outperform” rating but reduced its price target from $160 to $145, while Zacks downgraded the stock to “hold.” The mixed analyst actions reflect stronger near-term profitability but more cautious growth expectations.
- Negative Sentiment: Fiscal third-quarter guidance calls for EPS of $3.03–$3.19 and revenue of $785 million–$802 million, below analyst expectations of $3.42 and $816.2 million, respectively.
- Negative Sentiment: Fiscal 2027 EPS guidance was reduced to $8.72–$9.00, below the $9.02 consensus. Although projected revenue of approximately $2.6 billion matches expectations, the lower profit outlook suggests pressure from sales trends, costs, or investment in expansion. Boot Barn posts higher profit and trims guidance
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.
Featured Stories
- Five stocks we like better than Boot Barn
- The Factories Behind AI Servers Just Raised Their Outlooks—3 Contract Manufacturers to Watch
- MarketBeat Week in Review – 10/26 – 10/30
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
Receive News & Ratings for Boot Barn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boot Barn and related companies with MarketBeat.com's FREE daily email newsletter.
