Update shared on04 Aug 2025
Fair value Increased 12%The consensus analyst price target for Boot Barn Holdings has increased notably, primarily reflecting an expanded future P/E multiple despite stable net profit margins, resulting in a new fair value of $213.29.
What's in the News
- Boot Barn issued updated guidance forecasting Q2 sales of $487–495 million (14%–16% growth) and FY26 sales of $2.10–2.18 billion (10%–14% growth), with net income per share expected at $1.19–$1.27 for Q2 and $5.80–$6.70 for FY26.
- The company repurchased 77,959 shares for $12.44 million, completing a tranche under its $200 million share buyback program.
- Boot Barn plans to open 65–70 new stores in fiscal 2026.
- Same-store sales growth guidance for FY26 ranges from (2.0)% decline to 2.0% growth, with e-commerce expected to outpace retail same-store sales growth.
- The Board of Directors authorized a $200 million share repurchase program with no expiration date.
Valuation Changes
Summary of Valuation Changes for Boot Barn Holdings
- The Consensus Analyst Price Target has significantly risen from $190.43 to $213.29.
- The Future P/E for Boot Barn Holdings has risen from 27.69x to 30.42x.
- The Net Profit Margin for Boot Barn Holdings remained effectively unchanged, moving only marginally from 9.50% to 9.34%.
Disclaimer
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