Boot Barn Holdings, Inc. (BOOT) AI Stock Analysis

Boot Barn Holdings, Inc. operates a lifestyle retail chain across the United States, specializing in western and work-related apparel, footwear, and accessories. Founded in 1978 and headquartered in Irvine, California, the company had expanded to 322 stores across 40 states as of October 26, 2022. Its merchandise includes boots, shirts, jackets, hats, belts, denim, and protective workwear such as flame-resistant and high-visibility garments, alongside gifts and home items. Physical retail operations are supported by e-commerce websites including bootbarn.com, sheplers.com, and countryoutfitter.com.

Boot Barn grew its revenue from $1.49B in FY2022 to $2.25B in FY2026, delivering a 5-year revenue CAGR of 20.3% from FY2021 to FY2026. For FY2026, revenue increased 17.9%, gross margin reached 38.1%, and operating margin was 13.3%. Net income rose to $225.9M in FY2026 with diluted EPS of $7.13, up from $180.9M and $5.64 in FY2025. In the trailing twelve months ended June 30, 2026, revenue totaled $2.34B with a profit margin of 10.3% and EPS of $7.90. For the quarter ended June 30, 2026, revenue grew 17.7% and earnings grew 31.6% year-over-year.

As of June 30, 2026, Boot Barn held $139.3M in cash and short-term investments against total debt of $806.0M, resulting in net debt of $666.8M. Total assets were $2.57B and shareholders' equity stood at $1.36B, yielding a debt-to-equity ratio of 0.59 and a current ratio of 2.53. In FY2026, operating cash flow was $304.9M and free cash flow was $126.3M. The company deployed $178.6M to capital expenditures and $57.3M to share buybacks during the year.

Boot Barn trades at a trailing P/E of 15.4x and a forward P/E of 14.4x, compared to medians of 18.0x and 14.1x for its US-listed Consumer Cyclical peers. Its EV/EBITDA of 10.9x is slightly below the peer median of 11.1x, while its price-to-sales multiple of 1.6x is above the peer median of 0.7x. Over the past year, the stock fell 34.9%, trailing the 16.8% return of the S&P 500 (SPY). Over five years, the stock returned 26.2% compared to 83.0% for the index.

Wall Street analyst coverage includes 13 Strong Buy, 2 Buy, and 1 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target is $210.87, representing an implied upside of 73.2% from the last close of $121.72. For the fiscal year ending March 31, 2027, consensus estimates project revenue of $2.61B and EPS of $9.02, reflecting expected EPS growth of 22.7%. Boot Barn beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 4, 2026.

This page is an AI-written research summary of Boot Barn Holdings, Inc. (BOOT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: BOOT income statement, BOOT balance sheet, BOOT key metrics, BOOT analyst forecast, BOOT chart. See the BOOT stock overview for the latest quote and news.