Boot Barn Holdings Inc

BOOT remains entrenched in a Stage 3 downtrend below declining short‐ and intermediate‐term EMAs and SMAs. A decisive support failure has set the tone, but price is currently extended without a clear supply zone. Relief rallies into the 9- and 20-day EMAs or the 50-day SMA should be met with selling. Execution is deferred until rallies approach those resistance areas.

• ↑Q1 revenue +18% YoY to $594M driven by 27 new stores and 4.7% comp sales.
• ↑Plans 70 new stores in FY2027, targeting 1,200 total; new locations expected to generate ~$3.2M each annually.
• ↓Boot Barn trades at P/E of 20.8 amid negative earnings yield, raising valuation concerns.