B. Metzler seel. Sohn & Co. Holding AG Invests $5.93 Million in Boot Barn Holdings, Inc. (NYSE:BOOT)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,455 shares of the company's stock, valued at approximately $5,931,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.12% of Boot Barn as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BOOT. GHP Investment Advisors Inc. bought a new position in shares of Boot Barn during the 3rd quarter worth approximately $25,000. GAMMA Investing LLC raised its holdings in shares of Boot Barn by 111.1% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the company's stock worth $34,000 after purchasing an additional 140 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Boot Barn in the 2nd quarter worth approximately $64,000. 1620 Investment Advisors Inc. bought a new stake in shares of Boot Barn in the 2nd quarter worth approximately $84,000. Finally, USA Financial Formulas bought a new stake in shares of Boot Barn in the 3rd quarter worth approximately $92,000.

Analyst Ratings Changes

A number of research firms recently commented on BOOT. JPMorgan Chase & Co. lifted their price target on shares of Boot Barn from $160.00 to $181.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Craig Hallum cut shares of Boot Barn from a "buy" rating to a "hold" rating and lifted their price target for the stock from $154.00 to $162.00 in a report on Friday, October 25th. Citigroup lowered their price target on shares of Boot Barn from $194.00 to $178.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Robert W. Baird raised shares of Boot Barn from a "neutral" rating to an "outperform" rating and set a $167.00 target price on the stock in a report on Wednesday, October 30th. Finally, BTIG Research boosted their target price on shares of Boot Barn from $165.00 to $185.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $164.55.

Boot Barn Trading Down 0.2 %

NYSE:BOOT traded down $0.21 during trading hours on Wednesday, reaching $132.65. The company had a trading volume of 636,597 shares, compared to its average volume of 771,358. Boot Barn Holdings, Inc. has a 52 week low of $68.37 and a 52 week high of $169.83. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 26.64 and a beta of 2.16. The firm's 50 day moving average price is $152.05 and its 200-day moving average price is $135.27.

Boot Barn (NYSE:BOOT - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The business had revenue of $425.80 million for the quarter, compared to analysts' expectations of $424.42 million. During the same quarter last year, the company posted $0.91 EPS. The company's revenue was up 13.7% compared to the same quarter last year. On average, analysts forecast that Boot Barn Holdings, Inc. will post 5.48 earnings per share for the current fiscal year.

About Boot Barn

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.