These Analysts Slash Their Forecasts On Boot Barn After Q2 Results

Benzinga · 2d ago

Boot Barn Holdings (NYSE:BOOT) reported upbeat earnings for the second quarter, but lowered its FY 2027 guidance.

The company posted quarterly earnings of $1.73 per share which beat the analyst consensus estimate of $1.63 per share. The company reported quarterly sales of $581.809 million which beat the analyst consensus estimate of $580.458 million.

Boot Barn cut its FY2027 GAAP EPS guidance from $8.80-$9.23 to $8.72-$9.00 and cut sales guidance from $2.580 billion-$2.625 billion to $2.565 billion-$2.593 billion.

John Hazen, Chief Executive Officer, said, “We are pleased with our second quarter results, as continued revenue growth and merchandise margin expansion contributed to a 26% increase in earnings per diluted share. Our new stores continue to exceed expectations, with recent openings generating sales above our original projections. This performance reflects the growing national reach of the Boot Barn brand and reinforces our confidence in the company’s long-term expansion opportunity.”

Boot Barn shares jumped 17.4% to $213.00 in pre-market trading

These analysts made changes to their price targets on Boot Barn following earnings announcement.

  • Baird analyst Jonathan Komp maintained the stock with an Outperform rating and lowered the price target from $160 to $145.
  • BTIG analyst Janine Stichter maintained the stock with a Buy and lowered the price target from $215 to $195.

Considering buying BOOT stock? Here’s what analysts think:

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