Stephens Upgrades Boot Barn Holdings, Inc. (BOOT) to Overweight from Equal Weight and Raises its Price Target to $237

Boot Barn Holdings, Inc. (NYSE:BOOT) is among the 12 Best Consumer Stocks to Buy According to Wall Street.

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.

While we acknowledge the potential of BOOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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