BOOT trades 28.5% below Wall Street's consensus target of $223.83.
Last 12 months price action with 12-month analyst target path
The base valuation assumes BOOT achieves its forward estimates and maintains a stable P/E multiple of 23.8x. This scenario reflects the blended consensus of 29 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 21, 2026, Boot Barn Holdings, Inc. (BOOT) has a Wall Street consensus price target of $223.83, based on estimates from 29 covering analysts. With the stock currently trading at $174.22, this represents a potential upside of +28.5%. The company has a market capitalization of $5.29B.
Analyst price targets range from a low of $195.00 to a high of $237.00, representing a 19% spread in expectations. The median target of $225.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 22 analysts rating the stock as a Buy or Strong Buy,7 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, BOOT trades at a trailing P/E of 23.7x and forward P/E of 23.8x. The forward PEG ratio of 0.80 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow -0.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $198.57, with bear and bull scenarios of $125.10 and $261.64 respectively. Model confidence stands at 55/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
RCKYRocky Brands, Inc. | $314M | $41.67 | $52.00 | +24.8% | Buy | 11.4x | 4 |
WTTRSelect Water Solutions, Inc. | $2.0B | $17.70 | $22.00 | +24.3% | Buy | 33.4x | 15 |
CATOThe Cato Corporation | $59M | $3.30 | — | — | — | — | — |
BKEThe Buckle, Inc. | $2.3B | $45.17 | $47.00 | +4.1% | Hold | 11.1x | 20 |
TLYSTilly's, Inc. | $133M | $4.43 | $5.50 | +24.2% | Hold | — | 17 |
SCVLShoe Carnival, Inc. | $437M | $15.91 | $22.00 | +38.3% | Hold | 8.4x | 14 |
CALCaleres, Inc. | $443M | $13.14 | $28.25 | +115.0% | Buy | 24.8x | 13 |
CROXCrocs, Inc. | $6.3B | $125.05 | $119.00 | -4.8% | Buy | 9.2x | 37 |
WWWWolverine World Wide, Inc. | $1.4B | $17.60 | $21.25 | +20.7% | Hold | 13.2x | 38 |
VFCV.F. Corporation | $6.8B | $17.33 | $20.50 | +18.3% | Hold | 21.0x | 58 |
Quick answers to the most common questions about buying BOOT stock.
The consensus Wall Street price target for BOOT is $223.83, representing 28.5% upside from the current price of $174.22. With 29 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
BOOT has a consensus rating of "Buy" based on 29 Wall Street analysts. The rating breakdown is predominantly bullish, with 22 Buy/Strong Buy ratings. The consensus 12-month price target of $223.83 implies 28.5% upside from current levels.
BOOT trades at a forward P/E of 23.7749x, representing a moderate valuation. With analysts targeting $223.83 (28.5% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $237 for BOOT, while the most conservative target is $195. The consensus of $223.83 represents the median expectation. Our quantitative valuation model projects a bull case target of $262 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
BOOT is heavily covered by Wall Street, with 29 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 22 have Buy ratings, 7 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month BOOT stock forecast based on 29 Wall Street analysts shows a consensus price target of $223.83, with estimates ranging from $195 (bear case) to $237 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $199, with bear/bull scenarios of $125/$262.
Our quantitative valuation model calculates BOOT's fair value at $199 (base case), with a bear case of $125 and bull case of $262. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 55/100.
BOOT trades at a forward P/E ratio of 23.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 23.7x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on BOOT, with a "Buy" consensus rating and $223.83 price target (28.5% upside). 22 of 29 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
BOOT analyst price targets range from $195 to $237, a 19% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $223.83 consensus represents the middle ground. Our model's $125-$262 range provides an independent fundamental perspective.
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