B. Metzler seel. Sohn & Co. AG Has $3.67 Million Position in Boot Barn Holdings, Inc. $BOOT

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Boot Barn Holdings, Inc. by 60.7%, owning approximately $3.67 million worth of shares after acquiring an additional 12,888 shares in the first quarter.
• Boot Barn reported $1.74 EPS, surpassing the estimate of $1.55, with revenue of $504.07 million, up 19.1% year-over-year, and provided guidance for Q2 2026 of 1.190-1.270 EPS.
• The company has initiated a $200 million stock repurchase plan, allowing it to buy back up to 4.8% of its outstanding shares, reflecting management's belief that the stock is undervalued.

B. Metzler seel. Sohn & Co. AG raised its position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 60.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,119 shares of the company's stock after purchasing an additional 12,888 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.11% of Boot Barn worth $3,665,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in shares of Boot Barn during the 1st quarter valued at $29,000. Golden State Wealth Management LLC grew its holdings in shares of Boot Barn by 263.6% during the 1st quarter. Golden State Wealth Management LLC now owns 280 shares of the company's stock valued at $30,000 after acquiring an additional 203 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Boot Barn by 210.8% during the 1st quarter. Versant Capital Management Inc now owns 317 shares of the company's stock valued at $34,000 after acquiring an additional 215 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Boot Barn during the 1st quarter valued at $44,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Boot Barn during the 1st quarter valued at $48,000.

Analyst Upgrades and Downgrades

BOOT has been the topic of several research analyst reports. Bank of America boosted their price target on shares of Boot Barn from $160.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Citigroup upped their price objective on shares of Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Jefferies Financial Group cut shares of Boot Barn from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $187.00 to $175.00 in a report on Wednesday, July 23rd. BTIG Research upped their price objective on shares of Boot Barn from $200.00 to $218.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Piper Sandler upped their price objective on shares of Boot Barn from $184.00 to $185.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $182.54.

Boot Barn Trading Down 0.1%

Boot Barn stock traded down $0.09 on Wednesday, reaching $181.78. 114,516 shares of the stock were exchanged, compared to its average volume of 865,959. The firm has a fifty day moving average price of $168.65 and a two-hundred day moving average price of $140.31. The stock has a market cap of $5.56 billion, a PE ratio of 28.69, a PEG ratio of 1.81 and a beta of 1.62. Boot Barn Holdings, Inc. has a twelve month low of $86.17 and a twelve month high of $185.85.

Boot Barn (NYSE:BOOT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.74 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.19. The business had revenue of $504.07 million during the quarter, compared to analyst estimates of $489.49 million. Boot Barn had a net margin of 9.81% and a return on equity of 17.73%. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 earnings per share. Boot Barn has set its Q2 2026 guidance at 1.190-1.270 EPS. FY 2026 guidance at 5.800-6.700 EPS. Equities analysts anticipate that Boot Barn Holdings, Inc. will post 5.82 EPS for the current fiscal year.

Boot Barn declared that its Board of Directors has approved a share buyback plan on Wednesday, May 14th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

Boot Barn Company Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.