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

First National Bank of Omaha bought a new stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) in the third quarter, Holdings Channel reports. The fund bought 4,043 shares of the company’s stock, valued at approximately $670,000.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Boot Barn by 132.4% during the 3rd quarter. Principal Financial Group Inc. now owns 352,816 shares of the company’s stock worth $58,469,000 after acquiring an additional 201,026 shares during the period. Federated Hermes Inc. bought a new stake in Boot Barn during the 3rd quarter valued at $13,407,000. GatePass Capital LLC purchased a new stake in shares of Boot Barn during the third quarter worth $1,662,000. Sequoia Financial Advisors LLC purchased a new position in shares of Boot Barn in the second quarter valued at $239,000. Finally, Fisher Asset Management LLC lifted its holdings in Boot Barn by 4,784.7% during the 2nd quarter. Fisher Asset Management LLC now owns 165,494 shares of the company’s stock worth $25,155,000 after purchasing an additional 162,106 shares in the last quarter.

Analyst Ratings Changes

BOOT has been the subject of a number of analyst reports. BTIG Research restated a “buy” rating and issued a $235.00 price objective on shares of Boot Barn in a research report on Thursday, February 5th. Piper Sandler boosted their price target on shares of Boot Barn from $229.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. The Goldman Sachs Group started coverage on Boot Barn in a research note on Thursday, December 11th. They set a “buy” rating and a $225.00 price objective for the company. Citigroup upped their target price on Boot Barn from $230.00 to $232.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Jefferies Financial Group boosted their price objective on Boot Barn from $180.00 to $195.00 and gave the stock a “hold” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $217.00.

Insider Activity

In related news, Director Gene Eddie Burt sold 1,200 shares of Boot Barn stock in a transaction on Monday, December 1st. The shares were sold at an average price of $191.41, for a total value of $229,692.00. Following the transaction, the director directly owned 3,338 shares of the company’s stock, valued at $638,926.58. The trade was a 26.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.66% of the company’s stock.

Boot Barn Stock Performance

BOOT stock opened at $196.59 on Friday. The firm has a market cap of $5.98 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.40 and a beta of 1.67. The firm’s fifty day moving average is $189.59 and its 200 day moving average is $183.73. Boot Barn Holdings, Inc. has a 52 week low of $86.17 and a 52 week high of $210.25.

Boot Barn (NYSE:BOOT) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $2.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.79. Boot Barn had a return on equity of 18.28% and a net margin of 10.10%.The firm had revenue of $705.64 million for the quarter, compared to analysts’ expectations of $700.71 million. During the same period last year, the firm earned $2.43 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Boot Barn has set its FY 2026 guidance at 7.250-7.350 EPS and its Q4 2026 guidance at 1.350-1.450 EPS. As a group, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

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.