Boot Barn (NYSE:BOOT) Releases FY 2026 Earnings Guidance

by · The Cerbat Gem

Boot Barn (NYSE:BOOT – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 7.250-7.350 for the period, compared to the consensus estimate of 7.320. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion. Boot Barn also updated its Q4 2026 guidance to 1.350-1.450 EPS.

Boot Barn Stock Performance

BOOT stock traded up $14.97 during midday trading on Friday, reaching $203.45. 661,816 shares of the company traded hands, compared to its average volume of 795,576. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 1.36 and a beta of 1.67. Boot Barn has a 52-week low of $86.17 and a 52-week high of $210.25. The business has a 50 day moving average of $190.56 and a 200-day moving average of $182.29.

Boot Barn (NYSE:BOOT – Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $2.79 EPS for the quarter, hitting analysts’ consensus estimates of $2.79. Boot Barn had a return on equity of 18.73% and a net margin of 10.10%.The firm had revenue of $705.64 million during the quarter, compared to analysts’ expectations of $700.71 million. During the same quarter in the previous year, the business earned $2.43 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. Research analysts anticipate that Boot Barn will post 5.82 earnings per share for the current year.

Analysts Set New Price Targets

BOOT has been the topic of a number of analyst reports. BTIG Research reiterated a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a research report on Thursday. Seaport Research Partners downgraded shares of Boot Barn from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. The Goldman Sachs Group began coverage on shares of Boot Barn in a research report on Thursday, December 11th. They issued a “buy” rating and a $225.00 price objective on the stock. Jefferies Financial Group raised their price objective on shares of Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Boot Barn in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $217.00.

Check Out Our Latest Stock Report on BOOT

Insider Activity at Boot Barn

In related news, Director Gene Eddie Burt sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $191.41, for a total value of $229,692.00. Following the completion of the sale, the director owned 3,338 shares in the company, valued at approximately $638,926.58. The trade was a 26.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.

Boot Barn News Roundup

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

  • Positive Sentiment: Q3 outcomes and guidance raise — Boot Barn reported Q3 revenue of $705.6M (+16% Y/Y) and EPS of $2.79; management raised FY26 revenue and EPS outlook (FY26 EPS guidance 7.25–7.35; Q4 EPS 1.35–1.45), citing store expansion, same‑store and e‑commerce strength. Read More.
  • Positive Sentiment: Multiple analyst upgrades and price-target increases — Stephens upgraded BOOT to overweight with a $237 PT, BTIG reaffirmed buy with a $235 PT, and Zacks moved BOOT to “strong-buy,” signaling increased analyst conviction and a notable upside to consensus. Read More. • Read More. • Read More.
  • Positive Sentiment: Bullish research commentary — Piper Sandler highlighted strong fundamentals, forecasting ~20% EPS growth and pointing to multiple‑expansion drivers (margin improvement, store growth and e‑commerce). Such sell‑side narrative supports further valuation re-rating. Read More.
  • Neutral Sentiment: Investor materials and call transcripts available — Management’s slide deck and the Q3 earnings call transcript are posted (useful for digging into LFL dynamics, inventory and store openings, but mostly confirm the points above). Read More.
  • Neutral Sentiment: Sector context — Zacks ran a sector comparison piece showing BOOT’s year‑to‑date performance versus peers, which helps place the stock’s move in a broader retail/wholesale context rather than company‑specific news alone. Read More.

Institutional Trading of Boot Barn

A number of hedge funds have recently bought and sold shares of BOOT. Caitong International Asset Management Co. Ltd acquired a new stake in Boot Barn in the third quarter worth about $49,000. Johnson Financial Group Inc. purchased a new position in shares of Boot Barn in the 3rd quarter valued at approximately $60,000. Smartleaf Asset Management LLC boosted its stake in Boot Barn by 33.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 848 shares of the company’s stock worth $131,000 after purchasing an additional 211 shares in the last quarter. United Services Automobile Association purchased a new stake in Boot Barn during the 1st quarter worth approximately $209,000. Finally, Corient Private Wealth LLC acquired a new position in Boot Barn during the 2nd quarter valued at approximately $221,000.

Boot Barn Company Profile

(Get Free Report)

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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