Boot Barn (BOOT) AI Stock Analysis

• Market Cap: $4.92B
• Dividend Yield: N/A
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): 27.8
• Beta (1Y): 1.63
• Revenue Growth: 14.64%
• EPS Growth: 21.68%
• Country: US
• Employees: 3,100
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Apparel - Retail
• EPS (TTM): 1.22
• Shares Outstanding: 30,594,093
• 10 Day Avg. Volume: 1,298,060
• 30 Day Avg. Volume: 1,169,386
• PEG Ratio: 5.77
• Price to Book (P/B): 4.23
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.37K
• Enterprise Value/Market Cap: 1.07
• Enterprise Value/Revenue: 0.73
• Enterprise Value/Gross Profit: 7.37
• Enterprise Value/Ebitda: 5.03
• 1Y Price Target: $178.85
• Price Target Upside: 9.82% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

Boot Barn's strong financial performance and positive earnings call sentiment underpin its stable outlook, despite technical indicators suggesting caution. The fair valuation and strategic initiatives like the share repurchase program provide additional support, but rising debt and potential market risks require careful monitoring.

Positive Factors

Leadership and Strategy

New CEO, John Hazen, is bringing more targeted merchandise planning, and has installed traffic counters into the stores to monitor conversion rate.

Market Position

BOOT remains the best growth story in retail, dominating western and work wear categories in the U.S.

Tariff Mitigation

BOOT's tariff mitigation strategy, including plans to reduce China sourcing on exclusive brand products, is much better than expected.

Negative Factors

Cost Pressures

Most of BOOT's third party vendors are planning to raise prices this summer.

Revenue and Earnings

Boot Barn reported fiscal fourth-quarter results that missed consensus expectations for revenue and earnings.

Tariff Impact

There will be tariff headwinds beginning in 3Q26.

Boot Barn Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Boot Barn generates revenue primarily through the sale of its extensive range of products including boots, jeans, shirts, hats, belts, and accessories. The company's revenue model is based on retail sales through its physical store locations and e-commerce platform. Key revenue streams include the sale of exclusive private label brands, such as Cody James, Idyllwind, and Shyanne, alongside popular third-party brands like Ariat, Wrangler, and Carhartt. Boot Barn also benefits from strategic partnerships with well-known brands and suppliers, which help to enhance its product offerings and appeal to a wide customer base. Seasonal promotions, loyalty programs, and in-store services further contribute to driving sales and customer retention.

Boot Barn Financial Statement Overview

Summary

Boot Barn exhibits robust financial health characterized by strong revenue growth and profitability improvements. The balance sheet reveals prudent financial management with controlled leverage, although rising debt levels should be monitored. Cash flow management shows areas for improvement, particularly in sustaining positive free cash flow. Overall, the company is well-positioned with potential for future growth, albeit with some attention required on cash flow management.

Income Statement

Boot Barn has demonstrated strong revenue growth with a consistent upward trajectory over the years. The gross profit margin has remained healthy, indicating efficient cost management. The net profit margin has also improved, reflecting enhanced profitability. The stability of EBIT and EBITDA margins signals robust operational efficiency, contributing positively to the income statement's strength.

Balance Sheet

The company's balance sheet shows a sound equity position with a reasonable debt-to-equity ratio, indicating balanced leverage. The return on equity has improved, showcasing effective use of shareholders' funds. The equity ratio suggests a solid asset base relative to liabilities, although the increase in debt levels requires monitoring to prevent potential leverage risks.

Cash Flow

Cash flow from operations has shown fluctuations, with a decrease in recent periods. Despite a drop in free cash flow, the operating cash flow to net income ratio remains stable, indicating good conversion of net income into cash. However, the negative free cash flow growth rate highlights potential challenges in managing capital expenditures and financing activities.

Breakdown
Mar 2025	Mar 2024	Jun 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
1.91B	1.67B	1.66B	1.49B	893.49M
	Gross Profit
717.04M	614.42M	610.57M	575.07M	294.88M
	EBIT
239.35M	198.21M	231.79M	258.34M	86.33M
	EBITDA
239.35M	249.19M	315.57M	325.01M	145.07M
	Net Income Common Stockholders
180.94M	147.00M	170.55M	192.45M	59.39M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
69.77M	75.85M	18.19M	20.67M	73.15M
	Total Assets
2.02B	1.71B	1.52B	1.20B	933.58M
	Total Debt
563.04M	466.76M	447.72M	306.25M	331.02M
	Net Debt
493.27M	390.91M	429.53M	285.58M	257.87M
	Total Liabilities
886.96M	761.95M	740.93M	600.18M	538.69M
	Stockholders Equity
1.13B	943.64M	776.45M	599.68M	394.89M
Cash Flow		Free Cash Flow
-753.00K	117.30M	-35.65M	28.42M	127.50M
	Operating Cash Flow
147.54M	236.08M	88.89M	88.86M	155.92M
	Investing Cash Flow
-148.24M	-118.78M	-124.53M	-60.44M	-28.42M
	Financing Cash Flow
-5.38M	-59.64M	33.17M	-80.89M	-123.91M

Boot Barn Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 162.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOOT, the sentiment is Positive. The current price of 162.85 is above the 20-day moving average (MA) of 122.22, above the 50-day MA of 109.78, and above the 200-day MA of 136.40, indicating a bullish trend. The MACD of 14.11 indicates Negative momentum. The RSI at 83.26 is Negative, neither overbought nor oversold. The STOCH value of 96.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BOOT.

Boot Barn Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOLF	81 Outperform	$4.23B	20.01	27.15%	1.22%	2.07%	24.87%
M	72 Outperform	$3.35B	5.82	13.40%	5.85%	-3.60%	442.87%
BOOT	68 Neutral	$4.92B	27.77	17.44%	―	14.64%	21.68%
COLM	63 Neutral	$3.59B	17.04	12.34%	1.80%	-1.69%	-4.01%
UA	62 Neutral	$2.74B	―	-9.95%	―	-7.47%	-131.70%
Sector *	62 Neutral	$6.98B	11.38	2.86%	3.90%	2.64%	-22.07%
UAA	47 Neutral	$2.74B	―	-9.95%	―	-7.47%	-131.70%

Boot Barn Corporate Events

Boot Barn Announces $200 Million Share Buyback Program

Boot Barn Holdings, Inc. reported a strong financial performance for the fourth quarter and fiscal year ending March 29, 2025, with net sales increasing by 16.8% and 14.6% respectively compared to the previous year. The company also announced a $200 million share repurchase program, reflecting confidence in its strategic initiatives and market positioning, as it continues to expand its store count and strengthen its brand appeal.

The most recent analyst rating on (BOOT) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Boot Barn stock, see the BOOT Stock Forecast page.

Spark’s Take on BOOT Stock

According to Spark, TipRanks’ AI Analyst, BOOT is a Outperform.

Boot Barn is in a solid financial position with strong revenue growth and a stable balance sheet, although rising debt and declining cash flow efficiency need monitoring. Technical indicators are currently weak, and while the stock’s valuation appears fair, it lacks a dividend yield. The recent earnings call was positive, highlighting strong performance and growth prospects, offset by some category-specific challenges and external risks. Overall, Boot Barn scores a respectable 74, indicating a stable but cautious outlook.

To see Spark’s full report on BOOT stock, click here.

Boot Barn Appoints John Hazen as CEO

Boot Barn Holdings, Inc. has appointed John Hazen as Chief Executive Officer, effective May 5, 2025, following his interim role since November 2024. The Board of Directors, after a comprehensive search, believes Hazen’s industry knowledge and experience in digital transformation make him well-suited to lead the company. Hazen’s compensation includes a base salary of $900,000 and participation in the company’s incentive bonus program. Peter Starrett will continue as Executive Chairman until the end of 2025 to aid in the transition. The appointment is expected to strengthen Boot Barn’s strategic direction and growth initiatives, enhancing value for customers and stakeholders.

Spark’s Take on BOOT Stock

According to Spark, TipRanks’ AI Analyst, BOOT is a Outperform.

Boot Barn is in a solid financial position with strong revenue growth and a stable balance sheet, although rising debt and declining cash flow efficiency need monitoring. Technical indicators are currently weak, and while the stock’s valuation appears fair, it lacks a dividend yield. The recent earnings call was positive, highlighting strong performance and growth prospects, offset by some category-specific challenges and external risks. Overall, Boot Barn scores a respectable 74, indicating a stable but cautious outlook.

To see Spark’s full report on BOOT stock, click here.