| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 58 | 18.3x | 17.8x | Around median | |
Growth | 83 | 17.6% | 7.1% | Top tier | |
Quality | 64 | 12.2% | 4.5% | Around median | |
Safety | 70 | 1.6x | 2.6x | Top tier | |
Capital Return | 26 | — | 2.12% | Bottom tier | |
Momentum | 26 | 0.8% | 2.9% | Bottom tier | |
Sentiment | 84 | 11 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Boot Barn Holdings, Inc. is a specialty retailer of Western footwear and apparel and work-related products, selling through its store network and digital platforms, led by bootbarn.com. Its offering is divided between exclusive brands such as Cody James, Hawx, Idyllwind, Cleo, and Cheyenne, and third-party brands that play an important role, particularly in work boots; the company benefits from serving essential occupational demand alongside demand associated with the Western lifestyle. At the end of Q1 FY2027, the network comprised 566 stores across 49 states after opening 27 stores during the quarter.
In Q1 FY2027, revenue rose 18% to $593.5 million according to EDGAR data, and gross profit reached $239.9 million, equivalent to a gross margin of approximately 40.4%. Net income reached $70.1 million, representing a net margin of approximately 11.8%, while diluted earnings per share were $2.29, up 32% from $1.74 in the comparable period. The company also reported operating income of $91 million and an operating margin of 15.3%.
Growth was broad but uneven across channels and categories: same-store sales increased 3.8% and comparable e-commerce sales rose 13.4%, while consolidated same-store sales increased 4.7%. Men's and women's apparel grew at a high-single-digit rate, denim led with double-digit growth, and work boots delivered high-single-digit growth for the fifth consecutive quarter, while women's Western boots declined at a mid-single-digit rate after growing in the mid-teens in the comparable period.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $217 and a relatively narrow range between $207 and $226; the average is above the 52-week range high of $210.25, while the stock's full range extends from $133.18 to $210.25. This valuation is supported by expected earnings-per-share growth of 26% to $9.23 in FY2027, but the quality of the comparison requires considering that $0.46 of expected earnings is associated with nonrecurring tariff refunds.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue increased 18% to $593.5 million, driven by the opening of 27 stores and 4.7% growth in consolidated same-store sales. Same-store sales increased 3.8%, while comparable e-commerce sales rose 13.4% due to double-digit growth at bootbarn.com. Work boots, men's and women's apparel, and denim also supported performance, while net income reached $70.1 million and diluted earnings per share reached $2.29.
The company is targeting 70 store openings during FY2027 after adding 27 stores in Q1, bringing the network to 566 locations across 49 states. Management expects a new store to generate average annual revenue of $3.2 million with an investment payback period of less than two years. The company says all its stores generate earnings before interest, taxes, depreciation, and amortization at the store level, while it estimates its long-term opportunity at approximately 1,200 stores within the United States.
Consolidated same-store sales were nearly flat during the first four weeks of Q2 FY2027, after growing 4.7% in the previous quarter. Management attributed the weakness in July 2026 to fewer Western lifestyle events and televised World Cup matches, in addition to the comparison with 11% same-store growth in July 2025. Based on July performance and historical seasonality, the company set the upper end of quarterly guidance at revenue of $582 million, same-store growth of 2%, and diluted earnings per share of $1.65.
Work boots delivered high-single-digit same-store growth in Q1 FY2027 for the fifth consecutive quarter, and this rate continued in July 2026. The growth followed improved in-store presentation, increased marketing, the addition of third-party brands, and deeper inventory of popular products, with greater strength in lace-up boots than pull-on boots. The success of third-party brands reduced exclusive-brand penetration below plan, so management expects penetration in FY2027 to be flat or slightly lower, while maintaining its long-term target of 50%.
The refunds added $14.7 million to merchandise margin in Q1 FY2027, equivalent to 250 basis points, and also added $0.5 million to interest income. The benefit to diluted earnings per share was $0.38 during the quarter, out of reported earnings of $2.29. Management expects an annual benefit of $17.8 million, 70 basis points in merchandise margin, and $0.46 in earnings per share during FY2027.
At the upper end, Boot Barn expects revenue of $2.6 billion, representing 16% growth over FY2026, with same-store sales growth of 4%. It expects a gross margin of 38.7%, an operating margin of 14.3%, and operating income of $374 million. It is also targeting net income of $281 million and diluted earnings per share of $9.23, along with net capital expenditures of $130 million.
