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BOOTBoot Barn Holdings, Inc.
$130.96$4.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
BOOT logo

Boot Barn Holdings, Inc.

BOOT
NYSE · Apparel & Department Stores
$130.96
At close - Nov 6, 4:00 PM EST - USD
Market Cap$3.97B
P/E15.8x
52W High$210.25
Volume1.03M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q1

Accelerating Growth with Expanding Margins and Leverage

Boot Barn is executing a compelling growth strategy, evidenced by 17.7% revenue growth and a 340 bps gross margin expansion in Q1 FY2027, driven by private brand penetration and operating leverage.

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

BOOT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

+22% Peers

P/E is 22% above peer median

03

Market leadership

RS 33 · Lag

Laggard (Underperforming 67% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 17.7% YoY in Q1 FY2027, with gross margin expanding 340 bps to 40.4% and operating margin reaching 15.3%, the highest in the reported period.

Analyst Consensus+42.6% target
Buy(29 analysts)
23 Buy6 Hold0 Sell

The Bull Case

Upside Catalysts

Store expansion opportunity

Boot Barn has a clear expansion plan with a target of 1,200 stores in the U.S., indicating significant growth potential.

Proven business model

The company has demonstrated sustained positive comps and double-digit operating margins, validating its concept.

Raised sales guidance

Boot Barn's raised 2026 sales guidance suggests confidence in future performance and growth trajectory.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
BOOT-29.83%
S&P 500 (^GSPC)+7.63%
1-Year Return
BOOT-28.36%
S&P 500 (^GSPC)+9.69%
3-Year Return
BOOT+72.77%
S&P 500 (^GSPC)+58.95%
5-Year Return
BOOT+9.94%
S&P 500 (^GSPC)+48.42%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
15.8x
Forward P/E
17.9x
EV/EBITDA20th %ile
10.9x
FCF YieldCash Flow
3.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
15.8x
17.7x
40th· Fair
EV/EBITDA
10.9x
12.3x
20th· Low
Price/FCF
31.1x
36.3x
33rd· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$32.57-75.1%
Base (Fair)$91.88-29.8%
Bull$122.51-6.5%
$32.57 Bear$91.88 Base$122.51 Bull
Current Market Price: $130.96
Trades at a 42.5% premium to Base DCF ($91.88)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$2.25B+17.9% YoY
Net income FY26
$226M+24.8% YoY
Free cash flow FY26
$126M+16878.5% YoY
Operating margin FY26
13.3%+0.7 pts YoY
ROIC (FY26)12.6%
Avg ROIC 5Y15.6%
ROE (TTM)18.9%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 28, 2026
$1.68+2.4%
vs $1.64
$582M+0.2%
vs $581M
Q3 2026
Jul 29, 2026
$2.29+35.5%
vs $1.69
$594M+1.8%
vs $583M
Q2 2026
May 14, 2026
$1.45+2.1%
vs $1.42
$539M+1.4%
vs $531M
Q1 2026
Feb 4, 2026
$2.79+0.0%
vs $2.79
$706M+0.1%
vs $705M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·5d ago
Boot Barn: Q2 Earnings Results Indicate Strong Future Growth Potential

Boot Barn delivered strong Q2 FY27 results with 15% revenue growth and 26% EPS growth, beating consensus estimates. BOOT's omnichannel strategy, store expansion, and merchandising margin improvements underpin the investment thesis for sustained double-digit earnings growth. The stock trades at an attractive PEG ratio of 1.02, below the sector median, supporting a bullish outlook as growth drivers remain intact.

Zacks Investment Research·Oct 29, 2026
BOOT Q2 Earnings Beat Estimates on Margin Gains, Sales Miss

Boot Barn's Q2 earnings beat estimates on margin gains and store expansion, but sales miss expectations, prompting a lower fiscal 2027 outlook.

Benzinga·Oct 29, 2026
These Analysts Slash Their Forecasts On Boot Barn After Q2 Results

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

The Motley Fool·Oct 29, 2026
Boot Barn: 3 Key Takeaways for Long-Term Investors

Boot Barn raised its full-year store opening target to 80 locations. Boot Barn Workforce generated $100 million in commercial sales last fiscal year.

Filtered for Boot Barn Holdings, Inc.More Headlines
04

Compare before deciding

Benchmark BOOT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Boot Barn Holdings, Inc. (BOOT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BOOT logoBOOTBoot Barn Holdings, Inc.Current
$130.96$3.97B15.7517.93%10.45%18.94%—
RCKY logoRCKYRocky Brands, Inc.
$51.34$387.17M11.346.22%6.62%13.2%1.2%
WTTR logoWTTRSelect Water Solutions, Inc.
$16.18$2.03B63.48-3.08%2.24%3.11%2%
CATO logoCATOThe Cato Corporation
$2.34$41.91M-8.010.62%-0.87%-3.39%—
BKE logoBKEThe Buckle, Inc.
$41.96$2.16B9.696.58%16.62%46.91%10.58%
TLYS logoTLYSTilly's, Inc.
$4.20$126.46M66.67-2.79%0.34%2.37%—

Compare BOOT vs Peers

Boot Barn Holdings, Inc. (BOOT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RCKY

Most directly comparable listed peer for BOOT.

Scale Benchmark

vs RL

Larger-name benchmark to compare BOOT against a more recognizable public peer.

Peer Set

Compare Top 5

vs RCKY, WTTR, CATO, BKE

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

BOOT SEC Filings & Documents

Boot Barn Holdings, Inc. (BOOT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

May 14, 2026·SEC

Material company update

Feb 4, 2026·SEC

10-K Annual Reports

4
FY 2026

May 14, 2026·SEC

FY 2025

May 15, 2025·SEC

FY 2024

May 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 29, 2026·SEC

FY 2026

Feb 5, 2026·SEC

FY 2025

Nov 3, 2025·SEC

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BOOT Frequently Asked Questions

Boot Barn Holdings, Inc. (BOOT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Boot Barn Holdings, Inc.'s revenue?

Boot Barn Holdings, Inc. (BOOT) reported $2.42B in revenue over the trailing twelve months. Revenue was $2.25B in fiscal year 2026. That is 866% more than the $233.2M of fiscal year 2013.

How fast is Boot Barn Holdings, Inc. growing?

Boot Barn Holdings, Inc. (BOOT) grew revenue by 16.8% over the trailing twelve months, compared with the twelve months before.

Is BOOT profitable?

Yes. Boot Barn Holdings, Inc. (BOOT) earned $252.9M in net income over the trailing twelve months (a 10.4% net margin).

Dividend & Returns
What is BOOT's return on equity?

Boot Barn Holdings, Inc. (BOOT) had a return on equity (ROE) of 18.9% over the trailing twelve months. That is above the market's typical 10-15%.

What is Boot Barn Holdings, Inc.'s free cash flow?

Boot Barn Holdings, Inc. (BOOT) generated $127.5M in free cash flow over the trailing twelve months.

What if you invested $1,000 in BOOT back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →