First National Bank of Omaha Makes New $489,000 Investment in Boot Barn Holdings, Inc. $BOOT

First National Bank of Omaha purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,975 shares of the company’s stock, valued at approximately $489,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BOOT. Los Angeles Capital Management LLC acquired a new stake in Boot Barn during the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd purchased a new position in Boot Barn during the third quarter worth about $49,000. Danske Bank A S raised its stake in Boot Barn by 200.0% during the fourth quarter. Danske Bank A S now owns 300 shares of the company’s stock worth $53,000 after purchasing an additional 200 shares during the period. Hantz Financial Services Inc. boosted its holdings in Boot Barn by 284.1% in the 4th quarter. Hantz Financial Services Inc. now owns 338 shares of the company’s stock valued at $60,000 after purchasing an additional 250 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Boot Barn in the 3rd quarter valued at about $60,000.

Boot Barn Price Performance

Shares of BOOT stock opened at $168.64 on Thursday. The firm has a market cap of $5.11 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71. The company has a 50-day moving average of $161.74 and a two-hundred day moving average of $165.68. Boot Barn Holdings, Inc. has a 1-year low of $133.18 and a 1-year high of $210.25.

Boot Barn (NYSE:BOOT) last released its quarterly earnings results on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.60. Boot Barn had a net margin of 10.35% and a return on equity of 18.78%. The business had revenue of $593.51 million for the quarter, compared to the consensus estimate of $583.15 million. During the same period in the previous year, the firm earned $1.74 EPS. The business’s revenue was up 17.7% on a year-over-year basis. Boot Barn has set its FY 2027 guidance at 8.800-9.230 EPS and its Q2 2027 guidance at 1.550-1.650 EPS. Sell-side analysts anticipate that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BOOT shares. Piper Sandler dropped their price target on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. UBS Group set a $225.00 price target on shares of Boot Barn in a research report on Wednesday, June 17th. Zacks Research upgraded Boot Barn from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Robert W. Baird set a $212.00 price objective on Boot Barn in a research report on Thursday, July 30th. Finally, Bank of America cut their target price on Boot Barn from $224.00 to $206.00 and set a “buy” rating for the company in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $219.55.

About Boot Barn

Boot Barn, Inc is a leading specialty retailer focused on western and work-related footwear, apparel and accessories. The company operates full-price and outlet retail stores under the Boot Barn and BootBarn.com brands, offering a wide assortment of cowboy boots, work boots, casual and fashion footwear, western and work apparel, hats, belts and related accessories. In addition to its brick-and-mortar network, Boot Barn maintains an e-commerce platform to serve customers seeking ranch-and-rodeo style clothing and rugged workwear from coast to coast.

Founded in 1978 in Southern California, Boot Barn began as a single store catering to ranchers, farmworkers and western enthusiasts.