Boot Barn Holdings Inc

Boot Barn Holdings Inc maintains a conservative capital structure characterized by zero reported debt, resulting in a debt-to-equity ratio of 0.0. The balance sheet shows total assets of $2.45 billion against total liabilities of $1.13 billion, yielding total equity of $1.32 billion. Liquidity is supported by $141.0 million in cash and equivalents, while operating cash flow stands at $304.9 million, comfortably covering capital expenditures of $178.6 million. The risk assessment indicates low liquidity risk and low dilution risk, with no immediate filing-based flags detected.

Profitability metrics demonstrate strong returns on capital, with a return on equity (ROE) of 17.13% and a return on assets (ROA) of 9.22%. The company generates an operating income of $299.1 million on revenue of $2.25 billion, indicating an operating margin of approximately 13.3%. Net income is reported at $225.9 million. While cohort median comparisons are not provided in the input data, the absolute returns suggest efficient asset utilization within the specialty retail context.

Revenue concentration and segment details are not explicitly broken down in the available financial snapshot or segment sections. The company operates within the Specialty Retail industry, implying a focus on niche consumer goods, but specific geographic or product mix data is absent from the provided structured analysis state.

Growth trajectory analysis is limited by the absence of historical period data in the input. The current revenue base of $2.25 billion serves as the baseline for valuation, with an EV/Revenue multiple of 2.28. Without multi-year historical revenue or net income trends, long-term growth rates cannot be calculated from the provided data.

Risk factors are assessed as low for both liquidity and dilution. The company has 30.4 million basic and diluted shares outstanding, with no indication of recent share issuance or ATM programs in the risk flags. The primary risk exposure appears to be operational within the consumer discretionary sector, though specific geopolitical or regulatory risks are not detailed in the input.

Recent events include analyst coverage with a mean price target of $223.18 and a median target of $220.00, reflecting a positive sentiment with a mean recommendation of 1.59 (where 1 is strong buy). There are 8 strong buy and 8 buy ratings, with only 1 hold rating. News event observations indicate a system-level refusal recovery refire, which is an internal processing event and not a fundamental business development.

Boot Barn Holdings Inc (BOOT.O) experienced a significant shift in shareholder activity, with investor ID 587 modifying their position as of March 31, 2026. The holding was initially recorded at 302 shares, valued at approximately $0.044 million, representing a negligible weight of 0.000026% in the portfolio. This position was subsequently adjusted upward to 4,742 shares, increasing the value to roughly $0.694 million and raising the portfolio weight to 0.000401%. These changes were detected in late June 2026, highlighting a notable increase in this specific investor's stake during the reporting period. This adjustment in holdings is the most material change observed for the company, classified with major severity. The increase from 302 to 4,742 shares represents a substantial relative growth in the investor's commitment to Boot Barn, despite the absolute value remaining small in the context of the company's total market capitalization. The reversal or correction of the share count suggests a dynamic period of portfolio rebalancing or data reconciliation for this specific holder. In terms of broader risk and classification metrics, Boot Barn's risk assessment profile has been updated with new fields indicating low dilution risk and low liquidity risk. These classifications were established based on internal thresholds, providing a baseline for the company's financial stability regarding share issuance and cash flow availability. Additionally, the company's taxonomy classification for both activity and economic sector has been set to "Unclassified," a change marked with medium severity, indicating a lack of specific categorization in the current dataset. The company's operational and analyst landscape remains static, with no reported changes in officer count, analyst coverage, or index membership. Boot Barn continues to be tracked by 36 top holders, providing a broad base of institutional interest. The recent narrative analysis has also been revised, though specific details of the thematic shift are not elaborated in the available data. The combination of low risk metrics and the specific holder adjustment underscores a period of stability punctuated by targeted investor activity.

Revenue grew 17.9% year-over-year to $2.25 billion in fiscal 2026, demonstrating strong top-line expansion momentum.

Net income surged 24.8% to $225.9 million, outpacing revenue growth and indicating significant operating leverage.

Free cash flow increased 32.1% to $125.7 million, highlighting robust cash generation capabilities for shareholders.

Analysts project 48.8% upside to a mean price target of $223.18, reflecting strong market confidence.

Long-term debt increased from $15.3 million in 2024 to $14.4 million in 2025, though it decreased slightly in 2026.

Cash conversion ratio of 1.35 is below the median of 1.37 for the retail cohort, suggesting slight inefficiency.

Net income CAGR of 4.1% over four years is modest compared to the 10.9% revenue CAGR.

Revenue $538.8M, +18,7% YoY; Operating income +15,2% YoY.

• ▍Revenue $538.8M, +18,7% YoY
• ▍Operating income +15,2% YoY
• ▍Net income +18,4% YoY
• ▍Free cash flow +67,5% YoY
• ▍Net margin 8.2%

Revenue $705.6M, +16,0% YoY; Operating income +15,4% YoY.

• ▍Revenue $705.6M, +16,0% YoY
• ▍Operating income +15,4% YoY
• ▍Net income +14,3% YoY
• ▍Free cash flow −8,7% YoY
• ▍Net margin 12.2%

Revenue $505.4M, +18,7% YoY; Operating income +41,1% YoY.

• ▍Revenue $505.4M, +18,7% YoY
• ▍Operating income +41,1% YoY
• ▍Net income +43,5% YoY
• ▍Free cash flow +184,8% YoY
• ▍Net margin 8.4%

Revenue $504.1M, +19,1% YoY; Operating income +40,5% YoY.

• ▍Revenue $504.1M, +19,1% YoY
• ▍Operating income +40,5% YoY
• ▍Net income +36,9% YoY
• ▍Free cash flow +50,5% YoY
• ▍Net margin 10.6%

Revenue $453.7M; Operating income $49.7M.

• ▍Revenue $453.7M
• ▍Operating income $49.7M
• ▍Net margin 8.3%

Revenue $608.2M; Operating income $99.5M.

• ▍Revenue $608.2M
• ▍Operating income $99.5M
• ▍Net margin 12.3%

Revenue $425.8M; Operating income $40.0M.

• ▍Revenue $425.8M
• ▍Operating income $40.0M
• ▍Net margin 6.9%

Revenue $423.4M; Operating income $50.3M.

• ▍Revenue $423.4M
• ▍Operating income $50.3M
• ▍Net margin 9.2%

Revenue $2.25B, +17,9% YoY; Operating income +25,0% YoY.

• ▍Revenue $2.25B, +17,9% YoY
• ▍Operating income +25,0% YoY
• ▍Net income +24,8% YoY
• ▍Free cash flow +32,1% YoY
• ▍Net margin 10.0%

Revenue $1.91B, +14,6% YoY; Operating income +20,7% YoY.

• ▍Revenue $1.91B, +14,6% YoY
• ▍Operating income +20,7% YoY
• ▍Net income +23,0% YoY
• ▍Free cash flow +22,1% YoY
• ▍Net margin 9.5%

Revenue $1.67B, +0,6% YoY; Operating income −14,5% YoY.

• ▍Revenue $1.67B, +0,6% YoY
• ▍Operating income −14,5% YoY
• ▍Net income −13,8% YoY
• ▍Free cash flow −5,1% YoY
• ▍Net margin 8.8%

Revenue $1.66B, +11,4% YoY; Operating income −10,2% YoY.

• ▍Revenue $1.66B, +11,4% YoY
• ▍Operating income −10,2% YoY
• ▍Net income −11,3% YoY
• ▍Free cash flow −48,5% YoY
• ▍Net margin 10.3%