BOOT

Boot Barn Holdings, Inc.

Fundamental data last updated:September 30, 2026

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company profile

SECTOR

Consumer Cyclical

industry

Apparel - Retail

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Boot Barn Holdings, Inc., a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing. The company also provides gifts and home merchandise. As of May 10, 2022, it operated 304 stores in 38 states. The company also sells its products through e-commerce websites, including bootbarn.com; sheplers.com; and countryoutfitter.com. The company was formerly known as WW Top Investment Corporation and changed its name to Boot Barn Holdings, Inc. in June 2014. Boot Barn Holdings, Inc. was founded in 1978 and is based in Irvine, California.

 


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VALUATION

P/E

22.99

Market Cap ($M USD)

$5.18B

Forward P/E

18.24

PEG

0.70

PRICE TO SALES

2.30

PRICE TO BOOK

3.94

EV / EBITDA

15.39

5-Year Average P/E

Free Cash Flow Yield

2.43%

DCF Value

$34.47

Graham Number

$85.12

Price to FCF

41.12

EV to FCF

46.14

Earnings Yield

4.35%

FCF Yield

2.43%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$7.43

Next Year EPS Growth Estimate

$9.36

Next Year Revenue Growth Estimate

$3.25B

Return on Equity (ROE)

18.15%

FREE CASH FLOW

Operating Margin

13.27%

Debt-to-Equity

0.59

Piotroski F-Score

6

Altman Z-Score

4.32

Return on Invested Capital (ROIC)

13.15%

Current Ratio

2.64

Quick Ratio

0.48

Net Debt to EBITDA

1.67

Interest Coverage

195.90

Gross Profit margin

38.08%

FCF PER SHARE

$4.14

REVENUE PER SHARE

$74.11

Analyze BOOT on TradingView

Gainseekers Quantitative Analysis

Summary

BOOT’s current valuation raises eyebrows. The stock traded significantly above its DCF value, suggesting a potential overvaluation. However, the Forward P/E of 17.45 and a PEG ratio under 1.0 indicate that growth expectations might justify this premium. The Altman Z-score of 4.92 signals robust financial health, while an Earnings Yield of 4.4% suggests moderate returns. Overall, the market seems to be pricing in strong future growth, but the gap between the snapshot price and intrinsic value warrants caution.

AI Exposure / Tech Reliance

In the apparel retail industry, Boot Barn Holdings is not directly tied to AI or tech shifts. However, its ability to leverage data analytics for inventory management and customer insights could enhance operational efficiency. The company's focus on niche markets may shield it from broader tech disruptions.

The Bull Case

For the value-driven investor, Boot Barn offers compelling reasons to buy. A robust ROIC of 14.9% underscores efficient capital use, while a Piotroski F-Score of 7 indicates strong financial health. Despite a modest FCF Yield, the company's operating margin of 13.45% reflects solid pricing power. These metrics suggest a well-managed company capable of delivering shareholder value.

The Bear Case

Despite its strengths, Boot Barn faces notable risks. The Price/Book ratio of 3.88 and Price/Sales of 2.29 suggest a potentially inflated valuation. Additionally, the stock's proximity to its 52-week high raises concerns about technical overextension. With a Price to FCF of 55.52, cash flow generation appears weak relative to its market cap, posing a risk for long-term investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$230.71

Institutional Ownership %

1-Year Beta

1.73

Insider Buying % (6 Mo)

Distance to 52-Week High

23.12%

Distance to 52-Week Low

22.01%

EARNINGS SURPRISE %

1.40%

50-DAY SMA

$157.10

200-DAY SMA

$177.19

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.