Boot Barn Holdings Inc

BOOT remains in a Stage 4 decline with confirmed lower highs and lows, trading below the 9/21 EMAs and the 50 DMA. The medium-term bias is bearish, while the short-term is oversold and timing remains neutral, so we defer aggressive selling and opt to trim into failed rally attempts near EMAs or swing highs. Under a High Momentum framework, execution is selective, focusing on resistance rejection.

• ↑Revenue up 19% YoY to $2.25B in FY26 with 7.2% comp store growth
• ↑70 new stores planned, targeting 1,200 total locations at ~$3.2M/store
• ↓Margin guidance cut to ~37.1-37.3% in Q1 2027 from 39.1% prior