These Analysts Increase Their Forecasts On Boot Barn Following Better-Than-Expected Results

Financial Performance - Boot Barn Holdings Inc reported quarterly earnings of $1.74 per share, exceeding the analyst consensus estimate of $1.52 per share [1] - The company reported quarterly sales of $504.067 million, surpassing the analyst consensus estimate of $492.339 million [1] Guidance Update - Boot Barn raised its FY2026 GAAP EPS guidance from $5.50-$6.40 to $5.80-$6.70 [2] - The sales guidance was boosted from $2.070 billion-$2.150 billion to $2.100 billion-$2.180 billion [2] Growth Highlights - CEO John Hazen noted a strong start to fiscal 2026, with high-single digit consolidated same-store sales growth and 19% overall revenue growth [3] - Demand was broad-based, showing strength across all major merchandise categories and geographies [3] Stock Performance - Boot Barn shares gained 0.2% to trade at $172.16 following the earnings announcement [3] Analyst Ratings - Piper Sandler analyst Peter Keith maintained an Overweight rating and raised the price target from $185 to $218 [5] - Keybanc analyst Ashley Owens also maintained an Overweight rating, increasing the price target from $195 to $210 [5] - BTIG analyst Janine Stichter maintained a Buy rating and raised the price target from $200 to $218 [5]