(BOOT) Boot Barn Holdings - Overview
Sector: Consumer Cyclical | Industry: Apparel Retail | Exchange: NYSE (USA) | Market Cap: 4.693m USD | Total Return: -5.2% in 12m
Avg Turnover: 97.4M
EPS Trend: 79.8%
Qual. Beats: 0
Rev. Trend: 95.1%
Qual. Beats: 1
Warnings
Choppy
Tailwinds
No distinct edge detected
Boot Barn Holdings, Inc. is a specialty retailer focused on Western and work-related apparel, footwear, and accessories. Based in Irvine, California, the company operates a multi-channel business model through a national network of physical stores and several e-commerce platforms, including bootbarn.com and sheplers.com. Its inventory encompasses a mix of third-party brands and high-margin private labels such as Cody James and Shyanne.
The company operates within the fragmented western wear sector, which relies heavily on niche consumer loyalty and functional demand for rugged workwear. Unlike general apparel retailers, Boot Barn’s business model benefits from a high percentage of destination shoppers seeking technical specifications like safety-toe boots or flame-resistant clothing. For a deeper look at company valuation metrics, consider reviewing the data on ValueRay.
Boot Barn serves a diverse demographic including men, women, and children, offering products ranging from traditional equestrian gear to lifestyle fashion and industrial safety equipment. The firm transitioned from its original name, WW Top Investment Corporation, in 2014 and has since expanded its market share through both organic store growth and strategic acquisitions of regional competitors.
- Higher margin private label brand penetration drives overall corporate profitability
- Strategic physical store expansion into new geographical markets increases total revenue
- Consumer discretionary spending fluctuations impact demand for premium western lifestyle apparel
- Supply chain logistics and freight costs fluctuate impacting gross merchandise margins
- Agricultural and industrial employment levels dictate volume in core workwear segments
| Net Income: 225.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 4.77 > 1.0 |
| NWC/Revenue: 28.47% < 20% (prev 26.72%; Δ 1.75% < -1%) |
| CFO/TA 0.11 > 3% & CFO 304.9m > Net Income 225.9m |
| Net Debt (632.4m) to EBITDA (377.8m): 1.67 < 3 |
| Current Ratio: 2.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.7m) vs 12m ago -0.19% < -2% |
| Gross Margin: 38.08% > 18% (prev 0.38%; Δ 3.77k% > 0.5%) |
| Asset Turnover: 96.24% > 50% (prev 94.70%; Δ 1.54% > 0%) |
| Interest Coverage Ratio: 195.9 > 6 (EBITDA TTM 377.8m / Interest Expense TTM 1.53m) |
| A: 0.24 (Total Current Assets 1.03b - Total Current Liabilities 391.0m) / Total Assets 2.67b |
| B: 0.42 (Retained Earnings 1.13b / Total Assets 2.67b) |
| C: 0.13 (EBIT TTM 299.1m / Avg Total Assets 2.34b) |
| D: 0.84 (Book Value of Equity 1.13b / Total Liabilities 1.35b) |
| Altman-Z'' = 4.70 = AA |
| DSRI: 1.06 (Receivables 23.4m/18.7m, Revenue 2.25b/1.91b) |
| GMI: 0.99 (GM 38.08% / 37.52%) |
| AQI: 1.39 (AQ_t 0.18 / AQ_t-1 0.13) |
| SGI: 1.18 (Revenue 2.25b / 1.91b) |
| TATA: -0.03 (NI 225.9m - CFO 304.9m) / TA 2.67b) |
| Beneish M = -2.66 (Cap -4..+1) = A |
As of May 26, 2026, the stock is trading at USD 154.65 with a total of 597,300 shares traded.
Over the past week, the price has changed by +7.51%,
over one month by -9.18%,
over three months by -21.72% and
over the past year by -5.19%.
Boot Barn Holdings has received a consensus analysts rating of 4.73. Therefore, it is recommended to buy BOOT.
- StrongBuy: 12
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 225.1 | 45.6% |
P/E Trailing = 21.0408
P/E Forward = 17.8891
P/S = 2.0823
P/B = 3.5591
P/EG = 1.72
Revenue TTM = 2.25b USD
EBIT TTM = 299.1m USD
EBITDA TTM = 377.8m USD
Long Term Debt = 683.7m USD (estimated: total debt 773.5m - short term 89.7m)
Short Term Debt = 89.7m USD (from shortTermDebt, last quarter)
Debt = 773.5m USD (from shortLongTermDebtTotal, last quarter) (leases 773.5m already included)
Net Debt = 632.4m USD (calculated: Debt 773.5m - CCE 141.0m)
Enterprise Value = 5.33b USD (4.69b + Debt 773.5m - CCE 141.0m)
Interest Coverage Ratio = 195.9 (Ebit TTM 299.1m / Interest Expense TTM 1.53m)
EV/FCF = 42.25x (Enterprise Value 5.33b / FCF TTM 126.0m)
FCF Yield = 2.37% (FCF TTM 126.0m / Enterprise Value 5.33b)
FCF Margin = 5.59% (FCF TTM 126.0m / Revenue TTM 2.25b)
Net Margin = 10.02% (Net Income TTM 225.9m / Revenue TTM 2.25b)
Gross Margin = 38.08% ((Revenue TTM 2.25b - Cost of Revenue TTM 1.40b) / Revenue TTM)
Gross Margin QoQ = 36.33% (prev 39.86%)
Tobins Q-Ratio = 2.00 (Enterprise Value 5.33b / Total Assets 2.67b)
Interest Expense / Debt = 0.20% (Interest Expense 1.53m / Debt 773.5m)
Taxrate = 22.88% (13.2m / 57.6m)
NOPAT = 230.7m (EBIT 299.1m * (1 - 22.88%))
Current Ratio = 2.64 (Total Current Assets 1.03b / Total Current Liabilities 391.0m)
Debt / Equity = 0.59 (Debt 773.5m / totalStockholderEquity, last quarter 1.32b)
Debt / EBITDA = 1.67 (Net Debt 632.4m / EBITDA 377.8m)
Debt / FCF = 5.02 (Net Debt 632.4m / FCF TTM 126.0m)
Total Stockholder Equity = 1.24b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.65% (Net Income 225.9m / Total Assets 2.67b)
RoE = 18.15% (Net Income TTM 225.9m / Total Stockholder Equity 1.24b)
RoCE = 15.51% (EBIT 299.1m / Capital Employed (Equity 1.24b + L.T.Debt 683.7m))
RoIC = 9.76% (NOPAT 230.7m / Invested Capital 2.36b)
WACC = 10.42% (E(4.69b)/V(5.47b) * Re(12.11%) + D(773.5m)/V(5.47b) * Rd(0.20%) * (1-Tc(0.23)))
Discount Rate = 12.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -17.98 | Cagr: 0.10%
[DCF] Terminal Value 68.54% ; FCFF base≈126.0m ; Y1≈126.6m ; Y5≈134.1m
[DCF] Fair Price = 29.99 (EV 1.54b - Net Debt 632.4m = Equity 910.2m / Shares 30.3m; r=10.42% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 79.78 | EPS CAGR: 12.44% | SUE: 0.21 | # QB: 0
Revenue Correlation: 95.13 | Revenue CAGR: 12.01% | SUE: 1.48 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.70 | Chg30d=-11.95% | Revisions=-67% | Analysts=14
EPS next Quarter (2026-09-30): EPS=1.69 | Chg30d=+7.89% | Revisions=+50% | Analysts=14
EPS current Year (2027-03-31): EPS=8.54 | Chg30d=+0.56% | Revisions=-33% | GrowthEPS=+16.2% | GrowthRev=+16.0%
EPS next Year (2028-03-31): EPS=9.89 | Chg30d=+1.53% | Revisions=+25% | GrowthEPS=+15.8% | GrowthRev=+12.7%
[Analyst] Revisions Ratio: -67%