NYSE · BOOT

Boot Barn Holdings, Inc.

Consumer Cyclical · Apparel - Retail

$136.62▼ 4.35% ($6.22)today

As of 9:35 AM ET

52-week

$133.18$210.25

Market cap

$4.14B

P/E

17.23

Volume

59.12K

Shares outstanding

30.28M

What the market price implies · Reverse DCF

To support a price of $136.62, this model requires revenue to grow by 31.45%/yr over the next 10 years, compounded annually.

Historical revenue grew by 10.93%/yr over the past 4 years. The required annual growth rate is 20.51 percentage points higher.

Selected forecast · Base scenario

9.21%/yr · actual 10-year annualized revenue growth

Year 1 growth: 14.44%

Market-implied · Base operating assumptions + edited margins

31.45%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$136.62

Estimated value / share

$48.32

Base scenario

This estimate is 64.63% below the price used.

USD · TTM ending 2026-06-27

Year 1 growth 14.44% · Ending margin 13.61% · Discount rate 14.36%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 15, 2026, 1:35 PM UTC
Financial statement period: TTM ending 2026-06-27
Data refreshed: Sep 15, 2026, 1:35 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 1 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionHigh confidence

1Y Price: -20.99%Revenue (TTM): 17.65%FCF (TTM): 324.99%P/FCF: 65th pct

What changed

The stock fell 20.99% over the last year. Revenue grew 17.65% over the trailing twelve months. Operating margin moved from 13.05% to 13.61%. Free cash flow grew 324.99% over the trailing twelve months.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently 13.61%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Boot Barn Holdings, Inc. engages in the operation of retail stores of western and work-related footwear, apparel, and accessories.

CEOJohn Hazen

SectorConsumer Cyclical

IndustryApparel - Retail

Employees12,700

IPO dateOct 30, 2014

https://www.bootbarn.com

Market multiples

Forward P/E—

EV/EBITDA13.62

Enterprise value$5.18B

Stock splits

Oct 29, 2014↓ Reverse

Every 25 shares became 1

-96%

Profitability & growth

Revenue growth17.75%

Gross margin (FY2026)38.08%▲0.6ppvs FY2025

Operating margin (FY2026)13.27%▲0.7ppvs FY2025

ROE19.18%▲0.7ppvs FY2026

Analyst consensus

RatingBuy

Target price$217.00▲58.83%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Nov 4, 2026

Q4 FY26 · EPS est $1.63 · Revenue est $582.39M

View