Yes. If you're into that sort of thing. Otherwise, the movies are fine. Personally, I always enjoyed The Complete Chronicles of Conan from Howard, as my "go to" sword and sorcery. It predates LoTR and the writing is superior. However, if you start with the Hobbit, and go into the Lord of the Rings are still interested, there is the Silmarillion, which is a bit dense. I had a copy signed by Chris Tolkien. Sad to say, while I was on a deployment, my mother donated it to the library to exchange for a handful of romance novels. If you liked Lord of the Rings, but aren't quite up to the Silmarillion, "The Rift War Saga" by Raymond Feist is pretty good. It's written in easy to read language and expands the Tolkien universe and explains the diaspora of the Elven races across multiple galaxies.