BOOT · NYSE · STOCK
Boot Barn Holdings (BOOT) Stock Analysis
$119.76
52W $118.79 – $210.25
66/100
$3.63B
15.1
1.76
Is BOOT Bullish or Bearish?
Bullish.
Innellis AI committee rates Boot Barn Holdings, Inc. (BOOT) Buy with a composite score of 66/100
, based on 6 analysts with 83% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +8.96 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -11.04 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. News Analyst sees a compelling case — news sentiment is positive (+0.69 across 13 articles, 14d). Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 18.8% shows genuine earnings power backing the valuation — Value
- EPS growing 25.1% YoY — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.01) -- balance sheet can absorb a shock — Risk
- News sentiment is positive (+0.69 across 13 articles, 14d) — News
Bear Case
- Price structure making lower highs and lower lows — Technical
- Daily trend (downtrend) conflicts with the weekly trend (uptrend) -- fighting the larger trend — Technical
- Weekly RSI at 21 -- oversold on the larger timeframe too — Technical
- Bollinger bandwidth of 16.0% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
66/100
Agreement
83%
Analysts
6
Conviction
High
Sector Rank
Top 6%
of 178 Consumer Cyclical peers
Value Analyst
bullish
65
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ ROE of 18.8% shows genuine earnings power backing the valuation
Growth Analyst
bullish
78
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 25.1% YoY
Technical Analyst
neutral
46
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− Price structure making lower highs and lower lows
Risk Analyst
bullish
62
/ 100 · Moderate confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.01) -- balance sheet can absorb a shock
− Bollinger bandwidth of 16.0% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
80
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.69 across 13 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 66.3 to 66.0.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Risk Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
32.3
Neutral
MACD Histogram
0.794
Bullish Momentum
Trend Direction
Downtrend
Weekly: Uptrend
Market Structure
Mixed
Support
$86.44
Resistance
$170.04
Bollinger %B
0.26
Inside Bands
Price vs Moving Averages
EMA 9
$122.42
Below
EMA 21
$127.53
Below
EMA 50
$138.57
Below
EMA 200
$156.62
Below
Fundamental Analysis
Valuation
94
Growth
72
Profitability
67
Financial Health
98
Cash Flow
70
Valuation
P/E Ratio
15.1×
P/B Ratio
2.68×
PEG Ratio
0.61
Dividend Yield
0.00%
52W High
$210.25
52W Low
$118.79
Quality & Growth
ROE
1713.0%
ROA
847.3%
Gross Margin
3845.1%
Operating Margin
1361.1%
Revenue Growth YoY
—
Debt / Equity
0.59
AI Fundamental Assessment
P/E ratio of 15.1 (inexpensive relative to a 15-40x range); Price-to-book of 2.7x; PEG ratio of 0.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 17.1%; Return on assets of 8.5%; Net margin of 10.4%; Gross margin of 38.5%; Current ratio of 2.53 (healthy short-term liquidity); Debt-to-equity of 0.59; Free cash flow per share is positive (3.83); Most recent quarter beat estimates by 31.9%; EPS growth accelerating (-48.0% -> +57.9% QoQ); Analyst estimates falling over recent quarters
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