Boot Barn Holdings, Inc.

NYSE:BOOT Stock Report

Market Cap: US$4.5b

Boot Barn Holdings Valuation

Is BOOT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BOOT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BOOT ($148.33) is trading above our estimate of fair value ($119.99)

Significantly Below Fair Value: BOOT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BOOT?

Key metric: As BOOT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BOOT. This is calculated by dividing BOOT's market cap by their current earnings.
What is BOOT's PE Ratio?
PE Ratio29.5x
EarningsUS$153.40m
Market CapUS$4.53b

Price to Earnings Ratio vs Peers

How does BOOT's PE Ratio compare to its peers?

The above table shows the PE ratio for BOOT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.2x
URBN Urban Outfitters
15.3x5.6%US$5.0b
AEO American Eagle Outfitters
13.7x19.1%US$3.2b
ANF Abercrombie & Fitch
14.3x5.6%US$7.7b
VSCO Victoria's Secret
21.4x3.6%US$3.3b
BOOT Boot Barn Holdings
29.5x16.8%US$4.5b

Price-To-Earnings vs Peers: BOOT is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the peer average (16.2x).

Price to Earnings Ratio vs Industry

How does BOOT's PE Ratio compare vs other companies in the US Specialty Retail Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TKLF Tokyo Lifestyle
1.9xn/aUS$13.26m
SSOK Sunstock
1xn/aUS$756.28k
MASN Maison Luxe
0.1xn/aUS$192.03k
FTCH.Q Farfetch
n/an/aUS$395.00
BOOT 29.5xIndustry Avg. 16.4xNo. of Companies10PE01224364860+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BOOT is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the US Specialty Retail industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is BOOT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BOOT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.5x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: BOOT is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BOOT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$148.33
US$176.67
+19.1%
6.6%US$195.00US$155.00n/a12
Dec ’25US$137.14
US$176.67
+28.8%
6.6%US$195.00US$155.00n/a12
Nov ’25US$125.47
US$176.67
+40.8%
6.6%US$195.00US$155.00n/a12
Oct ’25US$166.52
US$159.67
-4.1%
10.0%US$185.00US$127.00n/a12
Sep ’25US$134.17
US$145.92
+8.8%
5.2%US$157.00US$127.00n/a12
Aug ’25US$127.53
US$141.08
+10.6%
7.9%US$154.00US$115.00n/a12
Jul ’25US$130.13
US$134.17
+3.1%
8.6%US$150.00US$115.00n/a12
Jun ’25US$118.93
US$119.50
+0.5%
8.0%US$140.00US$100.00n/a12
May ’25US$102.06
US$104.00
+1.9%
13.5%US$127.00US$85.00n/a12
Apr ’25US$99.64
US$93.38
-6.3%
10.4%US$115.00US$80.00n/a13
Mar ’25US$92.15
US$91.36
-0.9%
12.4%US$115.00US$70.00n/a14
Feb ’25US$79.14
US$93.93
+18.7%
15.5%US$130.00US$70.00n/a15
Jan ’25US$76.76
US$95.60
+24.5%
15.9%US$130.00US$73.00n/a15
Dec ’24US$78.45
US$95.60
+21.9%
15.9%US$130.00US$73.00US$137.1415
Nov ’24US$68.57
US$111.29
+62.3%
11.5%US$130.00US$88.00US$125.4714
Oct ’24US$81.19
US$114.50
+41.0%
9.0%US$130.00US$88.00US$166.5214
Sep ’24US$92.54
US$114.50
+23.7%
9.0%US$130.00US$88.00US$134.1714
Aug ’24US$92.56
US$97.14
+5.0%
17.9%US$130.00US$70.00US$127.5314
Jul ’24US$84.69
US$83.85
-1.0%
9.7%US$100.00US$70.00US$130.1313
Jun ’24US$65.45
US$83.08
+26.9%
9.6%US$100.00US$70.00US$118.9313
May ’24US$73.34
US$93.69
+27.8%
9.5%US$110.00US$76.00US$102.0613
Apr ’24US$76.64
US$93.69
+22.2%
9.5%US$110.00US$76.00US$99.6413
Mar ’24US$76.62
US$93.77
+22.4%
9.3%US$110.00US$77.00US$92.1513
Feb ’24US$86.12
US$92.42
+7.3%
8.3%US$103.00US$77.00US$79.1412
Jan ’24US$62.52
US$89.27
+42.8%
11.8%US$100.00US$64.00US$76.7611
Dec ’23US$66.69
US$89.27
+33.9%
11.8%US$100.00US$64.00US$78.4511

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 07:25
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/28
Annual Earnings2024/03/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Boot Barn Holdings, Inc. is covered by 22 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan KompBaird
John LawrenceBenchmark Company
Jason HaasBofA Global Research