B. Metzler seel. Sohn & Co. AG Buys Shares of 19,156 Boot Barn Holdings, Inc. $BOOT

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 19,156 Boot Barn shares worth approximately $3.15 million, representing about 0.06% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $219.55, despite some firms recently lowering their targets.
• Boot Barn reported quarterly EPS of $2.29, beating estimates of $1.69, while revenue rose 17.7% year over year to $593.51 million.

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,156 shares of the company's stock, valued at approximately $3,147,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of Boot Barn as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several research firms recently issued reports on BOOT. UBS Group set a $225.00 price target on Boot Barn in a research note on Wednesday, June 17th. Robert W. Baird set a $212.00 target price on shares of Boot Barn in a research report on Thursday, July 30th. TD Cowen decreased their price target on shares of Boot Barn from $225.00 to $190.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Citigroup reaffirmed a "buy" rating on shares of Boot Barn in a research report on Monday, May 4th. Finally, Piper Sandler dropped their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Boot Barn currently has a consensus rating of "Buy" and a consensus target price of $219.55.

Boot Barn Stock Performance

Shares of BOOT opened at $164.44 on Friday. Boot Barn Holdings, Inc. has a 52-week low of $133.18 and a 52-week high of $210.25. The business's fifty day moving average is $161.33 and its 200-day moving average is $165.54. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.07 and a beta of 1.71.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.29 earnings per share for the quarter, topping 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 the consensus estimate of $583.15 million. During the same period in the prior year, the company earned $1.74 EPS. Boot Barn's revenue for the quarter 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. As a group, research analysts forecast that Boot Barn Holdings, Inc. will post 9.18 EPS for the current fiscal 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.

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