B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Boot Barn Holdings, Inc. (NYSE:BOOT)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,455 shares of the company’s stock, valued at approximately $5,931,000.

Other hedge funds have also recently bought and sold shares of the company. UniSuper Management Pty Ltd acquired a new stake in shares of Boot Barn during the 1st quarter valued at $695,000. Capital Research Global Investors acquired a new position in shares of Boot Barn during the 1st quarter valued at about $32,779,000. Public Sector Pension Investment Board raised its position in shares of Boot Barn by 7.7% in the second quarter. Public Sector Pension Investment Board now owns 66,902 shares of the company’s stock valued at $8,626,000 after purchasing an additional 4,785 shares during the period. Raymond James & Associates raised its holdings in Boot Barn by 1.8% in the 2nd quarter. Raymond James & Associates now owns 49,263 shares of the company’s stock worth $6,351,000 after acquiring an additional 875 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Boot Barn in the second quarter worth about $554,000.

Wall Street Analyst Weigh In

Several research firms recently commented on BOOT. Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $192.00 price target on shares of Boot Barn in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upped their price objective on shares of Boot Barn from $160.00 to $181.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and raised their target price for the company from $154.00 to $162.00 in a research note on Friday, October 25th. Finally, UBS Group upped their price objective on Boot Barn from $127.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.55.

Boot Barn Stock Performance

Shares of BOOT opened at $132.81 on Wednesday. The firm has a market capitalization of $4.05 billion, a PE ratio of 26.67 and a beta of 2.16. Boot Barn Holdings, Inc. has a 52-week low of $68.37 and a 52-week high of $169.83. The stock has a 50 day simple moving average of $152.36 and a 200 day simple moving average of $135.29.

Boot Barn (NYSE:BOOT) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The business had revenue of $425.80 million during the quarter, compared to the consensus estimate of $424.42 million. During the same period last year, the company earned $0.91 earnings per share. Boot Barn’s quarterly revenue was up 13.7% on a year-over-year basis. Equities research analysts predict that Boot Barn Holdings, Inc. will post 5.48 EPS for the current fiscal year.

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.