B. Metzler seel. Sohn & Co. AG Has $3.67 Million Holdings 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 increased its position in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) by 60.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,119 shares of the company's stock after buying an additional 12,888 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned about 0.11% of Boot Barn worth $3,665,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BOOT. Invesco Ltd. raised its position in shares of Boot Barn by 24.8% during the first quarter. Invesco Ltd. now owns 903,453 shares of the company's stock worth $97,058,000 after purchasing an additional 179,710 shares during the period. Artemis Investment Management LLP increased its position in Boot Barn by 206.5% in the 1st quarter. Artemis Investment Management LLP now owns 734,023 shares of the company's stock worth $78,856,000 after purchasing an additional 494,523 shares during the last quarter. American Century Companies Inc. increased its position in Boot Barn by 15.3% in the 1st quarter. American Century Companies Inc. now owns 569,390 shares of the company's stock worth $61,170,000 after purchasing an additional 75,413 shares during the last quarter. Ameriprise Financial Inc. increased its position in Boot Barn by 42.1% in the 1st quarter. Ameriprise Financial Inc. now owns 503,619 shares of the company's stock worth $54,110,000 after purchasing an additional 149,115 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in Boot Barn by 51.4% in the 1st quarter. Stephens Investment Management Group LLC now owns 465,787 shares of the company's stock worth $50,039,000 after purchasing an additional 158,195 shares during the last quarter.

Boot Barn Trading Up 0.9%

NYSE:BOOT traded up $1.56 during mid-day trading on Friday, hitting $178.03. 478,531 shares of the company's stock traded hands, compared to its average volume of 532,776. The firm has a 50 day moving average of $167.70 and a two-hundred day moving average of $139.74. Boot Barn Holdings, Inc. has a 12 month low of $86.17 and a 12 month high of $183.60. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 1.81 and a beta of 1.62.

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

Boot Barn declared that its board has approved a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to buy up to 4.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on BOOT. Bank of America upped their target price on Boot Barn from $160.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Cowen reiterated a "buy" rating on shares of Boot Barn in a research note on Monday, July 28th. UBS Group upped their price target on Boot Barn from $156.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group downgraded Boot Barn from a "buy" rating to a "hold" rating and decreased their price target for the stock from $187.00 to $175.00 in a research note on Wednesday, July 23rd. Finally, Citigroup upped their price target on Boot Barn from $137.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $182.54.

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.