Fifth Third Bancorp Has $5.02 Million Stake in Boot Barn Holdings, Inc. $BOOT

Fifth Third Bancorp lifted its stake in shares of Boot Barn Holdings, Inc. (NYSE:BOOT) by 15,768.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,276 shares of the company’s stock after purchasing an additional 34,060 shares during the quarter. Fifth Third Bancorp’s holdings in Boot Barn were worth $5,017,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BOOT. Principal Financial Group Inc. raised its position in Boot Barn by 11.4% in the fourth quarter. Principal Financial Group Inc. now owns 393,098 shares of the company’s stock valued at $69,370,000 after purchasing an additional 40,282 shares during the last quarter. UBS Group AG lifted its stake in shares of Boot Barn by 16.4% in the 4th quarter. UBS Group AG now owns 172,380 shares of the company’s stock valued at $30,420,000 after purchasing an additional 24,229 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Boot Barn during the fourth quarter valued at about $2,644,000. Comerica Bank grew its stake in shares of Boot Barn by 71.5% in the 4th quarter. Comerica Bank now owns 34,439 shares of the company’s stock valued at $6,077,000 after buying an additional 14,354 shares during the period. Finally, Aberdeen Group plc raised its stake in Boot Barn by 15.4% during the 4th quarter. Aberdeen Group plc now owns 170,443 shares of the company’s stock worth $30,078,000 after buying an additional 22,738 shares during the period.

Analyst Ratings Changes

A number of research analysts have weighed in on BOOT shares. TD Cowen reaffirmed a “buy” rating on shares of Boot Barn in a research note on Wednesday, June 17th. Jefferies Financial Group upgraded shares of Boot Barn from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research report on Monday, April 6th. Robert W. Baird decreased their price objective on Boot Barn from $244.00 to $225.00 and set an “outperform” rating for the company in a report on Friday, May 15th. BTIG Research reiterated a “buy” rating and set a $235.00 price objective on shares of Boot Barn in a research note on Friday, May 15th. Finally, Piper Sandler reduced their target price on Boot Barn from $230.00 to $226.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $226.92.

Boot Barn Stock Performance

NYSE:BOOT opened at $152.96 on Friday. Boot Barn Holdings, Inc. has a fifty-two week low of $133.18 and a fifty-two week high of $210.25. The firm has a market cap of $4.64 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.08 and a beta of 1.69. The business has a 50 day moving average price of $161.80 and a 200-day moving average price of $170.50.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, May 14th. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.02. Boot Barn had a return on equity of 18.15% and a net margin of 10.02%.The company had revenue of $538.75 million during the quarter, compared to the consensus estimate of $531.43 million. During the same quarter in the prior year, the company earned $1.22 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. Boot Barn has set its Q1 2027 guidance at 1.620-1.710 EPS and its FY 2027 guidance at 8.210-8.640 EPS. Research analysts predict that Boot Barn Holdings, Inc. will post 8.56 EPS for the current year.

Boot Barn Company 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.