April kicked off with sharp drops in the market after President Donald Trump announced his aggressive tariff policy. That bombshell could have been disruptive enough on its own, but Trump’s famously unpredictable style turned turbulence into a storm. One day, tariffs were on; the next, they were off – or wildly recalibrated depending on the country. The result? A cocktail of confusion that markets despise.
After nearly four weeks, however, the initial panic has cooled and now investors and analysts alike are again on the lookout for buys. The S&P 500 is up nearly 11% from its April 8 low point but there are still opportunities for bargain hunters to pick up beaten-down stocks that remain down but are primed for a bounce back.
Right now, some of Wall Street’s analysts are eyeing a few bruised names – stocks that have plunged more than 30% this year but look set for a strong rebound. Let’s dive into two promising setups, and with help from the TipRanks database, we can also gauge overall Street sentiment toward these names.
Boot Barn Holdings(BOOT)
First up is a retail name, Boot Barn Holdings. This Western-themed lifestyle retailer holds a leading position in its retail niche, offers customers a wide range of men’s and women’s apparel, footwear, and accessories with a cowboy flavor. The company’s cowboy boots, work clothes, and cold-weather gear are its best-known product lines, and Boot Barn has always taken particular pride in its position as a purveyor of high-end leather cowboy boots. Among the other products the company offers are lines of jeans, shirts, and jackets.
Boot Barn was founded in 1978, and today it is the largest Western style company operating in the US market. At the end of fiscal 3Q25, the quarter ending on December 28 of last year, Boot Barn boasted a network of 441 stores in 46 states, and a strong e-commerce business based on three websites, bootbarn.com, sheplers.com, and countryoutfitter.com. While Boot Barn is primarily a brick-and-mortar retailer, the online business accounts for some 12% of the company’s total annual sales.
This brings us to the company’s financial results. Boot Barn last reported results for its third quarter of fiscal year 2025 – and in that quarter, the company had revenue of $608.17 million, up 17% year-over-year and in-line with the pre-release estimates. At the bottom line, EPS came to $2.43, 2 cents per share better than expected. The company’s sound results reflected an 8.2% year-over-year bump up in same-store retail sales, as well as an 11.1% year-over-year increase in online sales. During the quarter, the company expanded its retail network with 13 new stores.
However, shares dropped in the aftermath as the FQ4 EPS forecast fell short of expectations and the downtrend has continued from there. All told, BOOT shares are down 32% so far this year.
Piper Sandler analyst Peter Keith has taken a deep dive into Boot Barn’s workings, and believes that the pullback on the stock, based on tariff fears, has gone too far. He says, “BOOT shares are -32% YTD and appear oversold on tariff concerns. Our read is that sales trends remain steady and within guidance based on supplier conversations, our Q1 Farm & Ranch survey, and Placer traffic data. We note BOOT has ~30% of its exclusive brands imported from China placing China tariff exposure on ~12% of sales. We have adjusted our FY26E EPS to $6.23 to account for lower sales and tariff impact. Shares currently trade at 16x our reduced EPS (despite 15% unit growth).”
Looking ahead, Keith outlines some reasons why Boot Barn should see continued success going forward, based on the company’s appeal and brand line-up, writing, “Separately, our recently completed Spring Teen Survey continues to show a strong ranking for Carhartt, and a strong growing preference for Ariat. Considering Ariat and Carhartt are the two top-selling brands at BOOT, we believe this dynamic has made shopping at BOOT more attractive to a wider group of consumers. All in, ahead of BOOT’s mid-May earnings report, we think shares have a solid risk/reward.”
The 5-star analyst puts an Overweight (i.e., Buy) rating on BOOT shares, and his $162 price target implies a 56% gain for the stock in the next 12 months. (To watch Keith’s track record, click here)
The Street is bullish on Boot Barn, as is clear from the 11 recent Buy reviews on the stock. These overpower the single Hold for a Strong Buy consensus rating. The shares are priced at $104 and their $159.91 average price target points toward a 54% gain for the coming year. (See BOOT stock forecast)
Warby Parker(WRBY)
Next on our list is Warby Parker, another niche retail company. Warby Parker brings style and sense of mission to the world of eyewear. The company, which was founded in 2010, has shown that it’s possible to do good in the world while building up a billion-dollar-plus business and keeping prices within reach for all of its customers.
Warby Parker designs quality eyeglasses with designer style, offers prescription lenses, and even offers contact lenses and vision tests. The company has 276 stores across the US and Canada – that number includes 41 that were opened during 4Q24 – and supplements that with an active e-commerce side.
In February of this year, Warby Parker announced a partnership with Target Stores, introducing its newest ‘shop-in-shop,’ Warby Parker at Target. The partnership aims to introduce the eyewear company to a broader customer base, making affordable eyewear available to more customers. We should note here that Warby Parker continues to maintain its ‘Buy a Pair, Give a Pair’ program, under which the company will match every pair of glasses or sunglasses sold by donating a pair of glasses to a person in need. Warby Parker has, to date, donated 15 million pairs of glasses through this program, working with non-profit charitable organizations as partners.
On the financial side, Warby Parker currently operates at a loss. Its 4Q24 EPS figure came to ($0.06) per share, and missed the forecast by 1 cent. At the top line, however, the company’s quarterly revenue at the end of 2024 was up 18% year-over-year to reach $190.64 million – and it beat the estimates by just over $3 million.
We should add that Warby Parker’s business has a large exposure to Chinese sources and supply chains for raw materials and components, making the company vulnerable to tariffs. Meanwhile, WRBY shares are down 36% so far this year.
That said, Loop Capital analyst Anthony Chukumba isn’t worried about this company. He believes that the pullback has gone too far, and that Warby Parker has strengths on which to rebound. The analyst writes, “We believe the sell-off in Warby Parker shares year to date is well overdone and provides a long-awaited attractive entry point. In addition, our channel checks indicate the company’s demand trends remained healthy in 1Q 2025. While we do not believe Warby Parker would be completely immune from a potential economic downturn, we think the company would be a relative outperformer for three primary reasons: (1) vision correction products are a non-discretionary medical necessity; (2) the US optical industry is highly fragmented, thereby providing Warby Parker with an ample market share gain opportunity; and (3) the company has a compelling consumer value proposition, including offering high quality, stylish eyeglasses at value price points in a vibrant and exciting store environment.”
Chukumba rates WRBY as a Buy, and his $27 price target indicates room for the stock to gain as much as 74.5% this coming year. (To watch Chukumba’s track record, click here)
The 15 recent analyst reviews here include 9 to Buy, 5 to Hold, and 1 to Sell, for a Moderate Buy consensus rating. The shares are currently trading at a price of $15.46 and their $24.79 average target price suggests that there is a 60% gain in store for the stock on the 12-month horizon. (See WRBY stock forecast)
To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
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