BOOT
Boot Barn Holdings, Inc.
Next earnings Jul 29, 2026 · consensus $1.74 EPS, $596M rev
Last earnings +0.8% on 2026-05-14
$157.72
▼ -4.15%$157.72▲ +2.05%
over 1Y
L $135.16H $207.98
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-4.2%
1W-10.0%
1M-8.2%
3M+16.7%
YTD-15.5%
1Y+2.1%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 23 analysts
Strong Buy
Western/workwear retailer compounding revenue and earnings ~20-25% via store expansion, at a reasonable 24x with strong cash flow.
Revenue $2.25B · FY2026
The read
Quality fundamentals and an attractive price line up (~77% below fair value) — the rarer case where both the business and the entry look good.
Boot Barn is a specialty retailer of western and work footwear, apparel and accessories executing a textbook store-expansion growth model. FY2026 was excellent: revenue grew 17.9% to $2.25B, net income rose 24.8% to $226M, operating income climbed 25.0%, and diluted EPS hit $7.35 (+25.0%). The multi-year record confirms durable momentum — revenue has compounded from $1.49B in FY2022 to $2.25B — and FY2026 marked a clear re-acceleration after a softer FY2024. Margins are healthy for retail: 38.1% gross, 13.3% operating and a strong 17.1% ROE.
The cash and balance-sheet profile supports continued expansion. Operating cash flow more than doubled (+106.7%) to $305M, cash grew to $141M, and the company reinvested $179M in capex (new stores) while still buying back $50M of stock. Liabilities/equity of 0.86x is reasonable; long-term debt rose but remains modest relative to equity of $1.32B (+16.6%) and the growing earnings base. This is a self-funding growth retailer, not a leveraged one.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:59 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $1.49B | $1.66B | $1.67B | $1.91B | $2.25B |
| Gross profit | $575M | $611M | $614M | $717M | $858M |
| Operating income | $258M | $232M | $198M | $239M | $299M |
| Net income | $192M | $171M | $147M | $181M | $226M |
| Diluted EPS | $6.33 | $5.62 | $4.80 | $5.88 | $7.35 |
| Net margin | 12.9% | 10.3% | 8.8% | 9.5% | 10.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$4.89B
EV / EBITDA—
EV / Sales2.2
EV / FCF38.7
P / FCF37.9
PEG (trailing)0.86
Earnings yield4.7%
FCF yield2.6%
Quality & risk
ROIC (est.)15.1%
Free cash flow$126M
Total debt$247M
Net cash-$106M
Altman Z-Score4.82 safe
Piotroski F-Score7/9
Capital returns
Buyback yield1.0%
Dividend yield (est.)0.9%
Shareholder yield1.9%
Shares Δ YoY-0.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-05-262026-05-26open ↗144Filing2026-05-26open ↗4Period ending 2026-05-162026-05-20open ↗4Period ending 2026-05-162026-05-20open ↗4Period ending 2026-05-182026-05-20open ↗4Period ending 2026-05-162026-05-20open ↗4Period ending 2026-05-162026-05-20open ↗4Period ending 2026-05-182026-05-20open ↗4Period ending 2026-05-182026-05-20open ↗4Period ending 2026-05-182026-05-20open ↗4Period ending 2026-05-182026-05-20open ↗4Period ending 2026-05-182026-05-20open ↗
Frequently asked
- Is Boot Barn Holdings, Inc. (BOOT) a buy?
- BOOT currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. Western/workwear retailer compounding revenue and earnings ~20-25% via store expansion, at a reasonable 24x with strong cash flow.
- What is BOOT's fair value?
- A Modified-Graham model based on BOOT's SEC fundamentals estimates a fair value of about $279.30. It is an estimate from reported earnings, not a price target.
- Is BOOT overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, BOOT currently appears undervalued relative to its SEC-grounded earnings power.
- What is Boot Barn Holdings, Inc.'s quality score?
- BOOT scores 70.73034537528005/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001610250, latest 10-K filed 2026-05-14) · EODHD · Proprietary analysis · as of 6/21/2026, 8:59:06 PM.
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