Western Retail Giant | Boot Barn, the largest specialty chain for western and work-related apparel, faces market volatility amid leadership changes and ambitious expansion plans |
Expansion Strategy | Delve into Boot Barn's aggressive growth plan, aiming for 900+ domestic units with a 15% annual store count increase, driving projected revenue and earnings growth |
Financial Outlook | Explore Boot Barn's raised guidance for FY2025, with analyst targets ranging from $155 to $195 per share, and long-term projections of sustained revenue growth |
Market Challenges | Uncover the hurdles Boot Barn faces, including underperformance in ladies' apparel, tariff pressures, and the potential risks of rapid expansion in a competitive landscape |
Metrics to compare | BOOT | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipBOOTPeersSector | |
|---|---|---|---|---|
P/E Ratio | 21.8x | 24.6x | 10.3x | |
PEG Ratio | 0.87 | 0.86 | 0.02 | |
Price/Book | 3.7x | 2.6x | 1.4x | |
Price / LTM Sales | 2.2x | 0.5x | 0.9x | |
Upside (Analyst Target) | 37.2% | 19.1% | 29.0% | |
Fair Value Upside | Unlock | −1.2% | 12.5% | Unlock |
Boot Barn Holdings, Inc. operates specialty retail stores in the United States and internationally. The company’s lifestyle retail chain engages in the sale of western and work-related footwear, apparel and accessories for men, women, and kids. It offers denim, western shirts, cowboy hats, belts and belt buckles, rugged footwear, outerwear, overalls, shirts, safety-toe boots, hats, flame-resistant and high-visibility clothing, and western-style jewelry and accessories, as well as gifts and home merchandise. The company provides its products under the Ariat, Cinch, Cody James, Dan Post, Durango, Horsepower, Idyllwind, Justin, Kimes Ranch, Laredo, Levi’s, Miss Me, Montana Silversmiths, Moonshine Spirit, Resistol, Shyanne, Stetson, Tony Lama, Twisted X, Wrangler, Brunt, Carhartt, Cody James Work, Georgia Boot, Hawx, Thorogood, Timberland Pro, Wolverine, Rank 45, Cody James Black 1978, Gibson, Cleo + Wolf, and El Dorado brand names. It sells its products through various e-commerce platform, including websites, mobile app, and third-party marketplaces, as well as retail stores under the Boot Barn brand name. The company was formerly known as WW Top Investment Corporation and changed its name to Boot Barn Holdings, Inc. in June 2014. Boot Barn Holdings, Inc. was founded in 1978 and is based in Irvine, California.