12 Best Consumer Stocks to Buy According to Wall Street

7. Boot Barn Holdings, Inc. (NYSE:BOOT)

Potential upside: 27.15%

Number of Hedge Fund Holders: 40

On February 6, 2026, Stephens upgraded Boot Barn to Overweight from Equal Weight and raised its price target to $237 from $196. The firm said the company has a clearly defined earnings growth model and described management as “confident, in control and pulling the right levers.” The upgrade was framed as both a tactical call tied to a potential spring consumer trade and tax refund beneficiaries, as well as a longer-term investment view where near-term stock appreciation could be disproportionate.

Supportive commentary followed strong results. On February 5, 2026, BofA analyst Christopher Nardone increased his price target to $240 from $235 and maintained a Buy rating. He noted that third-quarter results were in line with the company’s preannouncement at the ICR Conference and that quarter-to-date comparable sales rose 5.7% in the first five weeks, or 9.1% excluding winter storm impacts, which the firm called a positive signal. BofA raised its Q4 and FY27 EPS estimates by 1% and 2%, respectively, on a higher sales outlook and said growth remains broad-based across regions and categories.

Boot Barn reported third-quarter revenue of $705.643 million on February 4, 2026, slightly above the $704.84 million consensus estimate. CEO John Hazen said sales increased 16% year over year, with strength across merchandise categories, channels, and geographies. Merchandise margin expanded 110 basis points, helping drive diluted EPS of $2.79. The company guided fiscal 2026 revenue to $2.24 billion to $2.25 billion, compared with the consensus of $2.24 billion.

Boot Barn Holdings, Inc. (NYSE:BOOT) operates specialty retail stores in the United States and internationally. The company’s lifestyle retail chain engages in the sale of western and work-related footwear, apparel and accessories for men, women, and kids.