Boot Barn Holdings, Inc.

Description

Boot Barn Holdings, Inc. operates specialty retail stores in the United States and internationally. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, safety-toe boots, and flame-resistant and high-visibility clothing, as well as gifts and home merchandise under the Shyanne, Cody James, Moonshine Spirit, Idyllwind, Hawx, Cody James Work, Cleo + Wolf, Brothers & Sons, Rank 45, Blue Ranchwear, and Cody James Black 1978 brands. The company also sells its products through websites, including bootbarn.com, sheplers.com, countryoutfitter.com, and idyllwind.com, as well as third-party marketplaces. 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.

About

CEO
Mr. John Hazen
Employees
3,100
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Apparel Retail
MIC code
XNYS
Address
15345 Barranca Parkway, Irvine, CA 92618, United States
Phone
949 453 4400
Website
Chart Image
× Enlarged Chart
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Summary
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Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Oct 27, 2025
Aug 6, 2025
May 12, 2025
Jan 31, 2025 2.36 2.43 0.07 2.97%
Oct 29, 2024 0.95 0.95 0.00 0.00%

Earnings estimate

Current Quarter
(Mar 2025)
Next Quarter
(Jun 2025)
Current Year
(Mar 2025)
Next Year
(Mar 2026)
Number of analysts 13 10 10 14
Average estimate 1.24 1.47 5.89 6.85
Low estimate 1.17 1.43 5.82 6.47
High estimate 1.27 1.50 5.91 7.15
Last year EPS 0.96 1.26 4.80 5.89
[stock_revenue_estimate]

Growth estimates

Current qtr (Mar 2025)
29.580%
Next qtr. (Jun 2025)
18.520%
Current year (Mar 2025)
22.430%
Next year (Mar 2026)
17.050%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 31, 2025
Piper Sandler
Peter Keith
Reiterates Overweight ▲ Raises $179 → $181
Jan 31, 2025
JP Morgan
Matthew Boss
Maintains Overweight ▲ Raises $200 → $209
Jan 23, 2025
Keybanc
Ashley Owens
Upgrade Overweight Announces $190
Jan 15, 2025
B of A Securities
Jason Haas
Maintains Buy ▲ Raises $187 → $192
Jan 13, 2025
BTIG
Janine Stichter
Maintains Buy ▲ Raises $185 → $190
Jan 13, 2025
JP Morgan
Matthew Boss
Maintains Overweight ▲ Raises $188 → $200
Jan 10, 2025
UBS
Jay Sole
Upgrade Buy ▲ Raises $155 → $210
Jan 8, 2025
JP Morgan
Matthew Boss
Maintains Overweight ▲ Raises $181 → $188
Oct 30, 2024
Baird
Jonathan Komp
Upgrade Outperform Maintains $167
Oct 29, 2024
BTIG
Janine Stichter
Maintains Buy ▲ Raises $165 → $185
Oct 29, 2024
Williams Trading
Sam Poser
Reiterates Buy Maintains $173
Oct 29, 2024
Citigroup
Steven Zaccone
Maintains Buy ▼ Lowers $194 → $178
Oct 29, 2024
Benchmark
John Lawrence
Reiterates Buy Maintains $192
Oct 29, 2024
Piper Sandler
Peter Keith
Reiterates Overweight Maintains $179
Oct 29, 2024
Craig-Hallum
Jeremy Hamblin
Maintains Hold ▼ Lowers $162 → $160
Oct 29, 2024
JP Morgan
Matthew Boss
Maintains Overweight ▲ Raises $160 → $181
Oct 25, 2024
Craig-Hallum
Jeremy Hamblin
Downgrade Hold ▲ Raises $154 → $162
Oct 16, 2024
UBS
Jay Sole
Maintains Neutral ▲ Raises $127 → $165
Oct 14, 2024
Piper Sandler
Peter Keith
Maintains Overweight ▲ Raises $147 → $179
Oct 9, 2024
Benchmark
John Lawrence
Maintains Buy ▲ Raises $140 → $192
Oct 1, 2024
Baird
Jonathan Komp
Maintains Neutral ▲ Raises $140 → $167
Sep 11, 2024
Benchmark
John Lawrence
Reiterates Buy Maintains $140
Sep 10, 2024
BTIG
Janine Stichter
Maintains Buy ▲ Raises $150 → $165
Sep 10, 2024
JP Morgan
Matthew Boss
Maintains Overweight ▲ Raises $146 → $160
Aug 8, 2024
UBS
Jay Sole
Maintains Neutral ▲ Raises $125 → $127
Aug 8, 2024
Baird
Jonathan Komp
Maintains Neutral ▲ Raises $132 → $140
Aug 8, 2024
Piper Sandler
Peter Keith
Maintains Overweight ▲ Raises $144 → $147
Aug 6, 2024
Benchmark
John Lawrence
Reiterates Buy Maintains $140
Jul 24, 2024
UBS
Jay Sole
Downgrade Neutral ▼ Lowers $140 → $125
Jul 22, 2024
JP Morgan
Matthew Boss
Maintains Overweight ▲ Raises $125 → $146

Income statement

2024 2023 2022 2021 2020
Fiscal date 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Total reported revenue 1.67B 1.66B 1.49B 893.49M 845.58M
Cost of revenue 1.05B 1.05B 913.18M 598.61M 569.08M
Gross profit 614.42M 610.57M 575.07M 294.88M 276.49M
Operating expense
Research & development
Selling general and admin 416.21M 378.79M 316.74M 208.55M 202.82M
Other operating expenses
Operating income 198.21M 231.79M 258.34M 86.33M 73.67M
Non operating interest income
Income
Expense 2.24M 5.88M 5.78M 9.44M 13.31M
Other income expense 1.40M -29,000 35,000 366,000 -45,000
Pretax income 197.37M 225.88M 252.59M 77.25M 60.31M
Tax provision 50.38M 55.33M 60.14M 17.86M 12.36M
Net income 147.00M 170.55M 192.45M 59.39M 47.95M
Basic EPS 4.87 5.72 6.51 2.05 1.68
Diluted EPS 4.80 5.62 6.33 2.01 1.64
Basic average shares 30.17M 29.81M 29.56M 28.93M 28.58M
Diluted average shares 30.17M 29.81M 29.56M 28.93M 28.58M
EBITDA 249.20M 267.70M 285.73M 110.84M 95.01M
Net income from continuing op. 147.00M 170.55M 192.45M 59.39M 47.95M
Minority interests
Preferred stock dividends

Balance sheet

2024 2023 2022 2021 2020
Fiscal date 2024-03-31 2023-03-31 2022-03-31 2021-03-31 2020-03-31
Total assets 1.71B 1.52B 1.20B 933.58M 924.71M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 75.85M 18.19M 20.67M 73.15M 69.56M
Other short term investments
Accounts receivable 9.96M 13.15M 9.66M 12.77M 12.09M
Other receivables
Inventory 599.12M 589.49M 474.30M 275.76M 288.72M
Prepaid assets 23.94M 37.42M 28.15M 9.61M 6.72M
Restricted cash
Assets held for sale
Hedging assets
Other current assets 10.51M 10.92M 6.66M 2.92M 2.02M
Non current assets
Properties 390.50M 326.62M 241.15M 186.83M 170.24M
Land and improvements
Machinery furniture equipment 270.52M 197.50M 140.93M 109.21M 102.28M
Construction in progress 27.74M 61.49M 25.36M 5.36M 9.74M
Leases 211.51M 136.49M 92.15M 71.97M 59.72M
Accumulated depreciation -186.11M -138.34M -103.19M -76.10M -62.13M
Goodwill 453.70M 455.76M 455.82M 455.89M 455.98M
Investment properties
Financial assets
Intangible assets 58.70M 60.75M 60.81M 60.89M 60.97M
Investments and advances
Other non current assets 5.58M 6.19M 3.32M 3.47M 1.74M
Total liabilities 761.95M 740.93M 600.18M 538.69M 603.02M
Current liabilities
Accounts payable 132.88M 134.25M 131.39M 104.64M 95.33M
Accrued expenses 38.29M 45.41M 46.71M 22.46M 10.20M
Short term debt 63.45M 117.64M 71.67M 39.40M 164.68M
Deferred revenue 26.38M 22.27M 18.52M 14.42M 11.11M
Tax payable 13.47M 20.23M 32.44M 13.79M 6.47M
Pensions 26.03M 24.71M 27.23M 23.54M 12.86M
Other current liabilities 4.76M 1.97M 1.08M 621,000 10.33M
Non current liabilities
Long term debt 403.30M 330.08M 234.58M 291.62M 269.96M
Provision for risks and charges
Deferred liabilities 42.03M 33.26M 26.90M 21.99M 19.80M
Derivative product liabilities
Other non current liabilities 3.81M 2.75M 2.23M 3.42M 635,000
Shareholders equity
Common stock 3,000 3,000 3,000 3,000 3,000
Retained earnings 723.03M 576.03M 405.48M 213.03M 153.64M
Other shareholders equity
Total shareholders equity 943.64M 776.45M 599.68M 394.89M 321.69M
Additional paid in capital 232.64M 209.96M 199.05M 183.82M 169.25M
Treasury stock 12.02M 9.55M 4.86M 1.95M 1.20M
Minority interest

Cash flow statement

202420232022202120202019201820172016201520142013
Operating Activities
Net Income147.00M170.55M192.45M59.39M47.95M39.02M28.88M14.20M9.87M13.73M5.66M680,000
Depreciation49.59M35.95M27.35M24.15M21.38M18.90M17.13M16.71M14.02M9.21M8.13M5.59M
Deferred Taxes8.77M6.37M4.90M2.19M2.60M4.17M1.86M6.18M981,0001.40M-1.87M-633,000
Stock-Based Compensation12.94M9.71M9.48M7.16M4.91M2.87M2.25M3.02M2.88M2.05M1.29M787,000
Other Non-Cash Items55.26M48.00M40.91M35.41M31.85M1.21M1.20M1.11M1.70M3.54M3.14M9.40M
Accounts Receivable3.28M-2.72M5.22M8.05M5.72M-3.71M-35,000-223,0001.52M-1.67M-710,000-209,000
Accounts Payable425,000-2.64M25.50M12.36M-13.81M14.19M13.06M10.50M6.84M7.36M3.19M4.92M
Other Assets & Liabilities-41.14M-146.85M-275.57M-53.29M-79.85M-22.80M-22.46M-2.41M-12.58M-23.77M-12.11M-13.05M
Operating Cash Flow236.11M118.37M30.23M95.41M20.75M53.86M41.88M49.09M25.23M11.84M6.72M7.49M
Investing Activities
Capital Expenditures-118.78M-124.53M-60.44M-28.42M-37.20M-27.53M-24.42M-22.29M-36.13M-14.07M-11.38M-3.79M
Net Intangibles-200,000
Net Acquisitions-3.69M-4.42M-1.31M-146.54M-15.70M-41.91M
Purchase of Investments
Sale of Investments
Investing Cash Flow-118.78M-124.53M-60.44M-28.42M-40.17M-31.77M-23.55M-23.60M-182.67M-14.07M-27.07M-45.70M
Financing Activities
Long-Term Debt Issuance200.94M104.94M100.00M36.08M
Long-Term Debt Payments-863,000-838,000-112.30M-667,000-65.55M-10.55M-10.45M-2.38M-77.90M-130.33M-70.13M-1.46M
Other Financing Charges-2.48M-4.69M-2.90M-754,000-1.75M-474,000-645,000-69,000-2.87M-680,000-25.17M-6.57M
Financing Cash Flow-69.38M31.97M-86.66M-131.32M62.59M-32.03M-23.36M-17.99M152.79M2.43M14.42M34.37M
Other Cash Details
End Cash Position75.85M18.19M20.67M73.15M69.56M16.61M9.02M8.04M7.20M1.45M1.12M1.19M
Income Tax Paid57.16M60.17M41.68M11.46M13.39M649,000614,0004.19M3.30M8.30M4.85M3.34M
Interest Paid2.39M5.84M3.81M8.80M11.96M14.95M13.74M13.65M10.33M11.17M9.11M6.28M
Free Cash Flow117.30M-35.65M28.42M127.50M-11.88M35.74M19.78M18.86M-3.20M-2.57M1.18M8.08M

Top Institutional Holders

Holder Date Reported Shares Value % Held
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AB Cap Fd.-AB Small Cap Growth Port Dec 31, 2024 434,644 62.68M 1.42%
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