Boot Barn (NYSE:BOOT) Releases Q3 2027 Earnings Guidance

Boot Barn (NYSE:BOOT) issued an update on its third quarter 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 3.030-3.190 for the period, compared to the consensus EPS 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

A number of brokerages recently commented on BOOT. The Goldman Sachs Group set a $203.00 target price on Boot Barn in a research report on Thursday. Zacks Research downgraded Boot Barn from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Piper Sandler reiterated an “overweight” rating and issued a $187.00 price target (down from $226.00) on shares of Boot Barn in a report on Thursday. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 price objective on shares of Boot Barn in a research note on Friday. Finally, BTIG Research reduced their price objective on Boot Barn from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.46.

Boot Barn Trading Up 1.0%

Shares of BOOT stock opened at $131.77 on Friday. The firm has a fifty day simple moving average of $131.15 and a two-hundred day simple moving average of $158.33. Boot Barn has a 12 month low of $110.53 and a 12 month high of $210.25. The firm has a market capitalization of $3.94 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.87 and a beta of 1.76.

Boot Barn (NYSE:BOOT) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.10. The firm had revenue of $581.81 million for the quarter, compared to analyst estimates of $580.80 million. Boot Barn had a net margin of 10.45% and a return on equity of 18.82%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $1.37 earnings per share. On average, equities analysts predict that Boot Barn will post 8.91 earnings per share for the current fiscal year.

Boot Barn News Roundup

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

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.