BlackRock Inc. disclosed a new stake in Boot Barn Holdings in an August 23, 2026, filing. The asset manager purchased over 5.1 million shares. This investment is valued at approximately $840.63 million. The purchase grants BlackRock 16.9% ownership of the western and workwear retailer.
The investment follows Boot Barn’s recent quarterly earnings beat. The company reported an earnings per share of $2.29. Revenue reached $593.5 million, marking a 17.7% year-over-year increase.
An analyst report published today cited store expansion and e-commerce as primary growth catalysts. The report projects 16% total sales growth for the current fiscal year. Wall Street maintains a consensus Buy rating on the stock.