11 Best Russell 2000 Stocks to Buy According to Wall Street Analysts

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

Upside potential: 90.88%

No of hedge funds: 29

Boot Barn Holdings, Inc. (NYSE:BOOT) operates a nationwide retail chain focusing on western and work-related apparel, footwear, and accessories. Headquartered in California, the company targets lifestyle and occupational segments in both rural and urban areas. The company’s competitive advantage is brand exclusivity, store expansion strategy, and a growing e-commerce presence. Boot Barn Holdings, Inc. (NYSE:BOOT) captures the rural economic trends through its vertically integrated private-label products, thereby increasing its resilience to broader retail sector volatility.

The Western-inspired retail strategy of the company has delivered a 28.81% EPS growth over the past five years. In the last quarter, the company opened 13 new stores to meet the rising demands. It brought the total number of units to 39, with a plan to open 21 more in the next quarter. The consolidated same-store sales growth saw an upward 8.6% in the last quarter as well. As per its 2025 guidance, Boot Barn Holdings, Inc. (NYSE:BOOT)’s anticipated total sales stand between $1.908 billion and $1.918 billion (15% higher than 2024). However, with 25% of its orders coming from Mexico, the company may face risks from tariffs.

Holding a Buy rating, the company has a striking upside potential of 90.88%. The stock is backed by 29 hedge funds, according to Insider Monkey’s Q4 2024 database, making it one of the best Russell 2000 stocks in consumer apparel and specialty retail.