MetLife Investment Management LLC Sells 260 Shares of Boot Barn Holdings, Inc. (NYSE:BOOT)

MetLife Investment Management LLC lowered its position in Boot Barn Holdings, Inc. (NYSE:BOOT) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,820 shares of the company’s stock after selling 260 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Boot Barn worth $2,814,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BOOT. Price T Rowe Associates Inc. MD grew its stake in Boot Barn by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 18,722 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,188 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Boot Barn by 111.1% during the second quarter. GAMMA Investing LLC now owns 266 shares of the company’s stock worth $34,000 after buying an additional 140 shares during the period. OLD National Bancorp IN purchased a new stake in Boot Barn during the second quarter worth $288,000. SG Americas Securities LLC lifted its holdings in Boot Barn by 68.1% during the second quarter. SG Americas Securities LLC now owns 4,399 shares of the company’s stock worth $567,000 after buying an additional 1,782 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in Boot Barn during the second quarter worth $554,000.

Wall Street Analyst Weigh In

BOOT has been the subject of several analyst reports. UBS Group increased their price objective on Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Craig Hallum lowered Boot Barn from a “buy” rating to a “hold” rating and increased their price objective for the company from $154.00 to $162.00 in a report on Friday, October 25th. BTIG Research increased their price objective on Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Williams Trading reiterated a “buy” rating and set a $173.00 price objective on shares of Boot Barn in a report on Tuesday, October 29th. Finally, Piper Sandler restated an “overweight” rating and issued a $179.00 target price on shares of Boot Barn in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.55.

Boot Barn Stock Performance

Shares of BOOT opened at $145.74 on Thursday. The business’s 50-day moving average is $148.43 and its two-hundred day moving average is $137.56. The company has a market capitalization of $4.45 billion, a P/E ratio of 29.41 and a beta of 2.14. Boot Barn Holdings, Inc. has a fifty-two week low of $68.37 and a fifty-two week high of $169.83.

Boot Barn (NYSE:BOOT) last announced 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. The company had revenue of $425.80 million for the quarter, compared to the consensus estimate of $424.42 million. Boot Barn had a return on equity of 15.89% and a net margin of 8.73%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Analysts forecast that Boot Barn Holdings, Inc. will post 5.48 EPS for the current year.

Boot Barn 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.