First National Bank of Omaha Acquires New Stake in Boot Barn Holdings, Inc. $BOOT

First National Bank of Omaha bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,975 shares of the company’s stock, valued at approximately $489,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Boot Barn during the 2nd quarter valued at about $840,629,000. Price T Rowe Associates Inc. MD increased its stake in Boot Barn by 83.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,103,441 shares of the company’s stock worth $194,725,000 after purchasing an additional 502,275 shares during the period. Balyasny Asset Management L.P. increased its stake in Boot Barn by 2,547.7% during the third quarter. Balyasny Asset Management L.P. now owns 471,192 shares of the company’s stock worth $78,086,000 after purchasing an additional 453,396 shares during the period. Bank of America Corp DE lifted its position in shares of Boot Barn by 114.6% during the first quarter. Bank of America Corp DE now owns 655,374 shares of the company’s stock worth $95,921,000 after purchasing an additional 349,985 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Boot Barn by 46.3% during the third quarter. Invesco Ltd. now owns 917,406 shares of the company’s stock worth $152,033,000 after purchasing an additional 290,493 shares in the last quarter.

Boot Barn Price Performance

Shares of NYSE BOOT opened at $168.64 on Thursday. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71. The stock’s 50-day moving average is $161.74 and its two-hundred day moving average is $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 announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.60. Boot Barn had a return on equity of 18.78% and a net margin of 10.35%.The business had revenue of $593.51 million during the quarter, compared to analysts’ expectations of $583.15 million. During the same quarter last year, the business posted $1.74 EPS. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. 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. Equities research analysts anticipate that Boot Barn Holdings, Inc. will post 9.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BOOT shares. BTIG Research lowered their price objective on shares of Boot Barn from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Zacks Research raised shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Piper Sandler reduced their target price on shares of Boot Barn from $230.00 to $226.00 and set an “overweight” rating on the stock in a report 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. Finally, Weiss Ratings downgraded shares of Boot Barn from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $219.55.

Boot Barn Profile

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.