Boot Barn Holdings, Inc. (NYSE:BOOT) posted upbeat earnings for its fourth quarter, but issued soft FY24 forecast on Tuesday.

Boot Barn posted GAAP earnings of 96 cents per share, beating market estimates of 91 cents per share. The company's quarterly sales came in at $388.50 million versus expectations of $384.89 million. Its same store sales fell 5.9% year-over-year last quarter, according to data from Benzinga Pro.

Boot Barn said it sees FY24 earnings of $4.55 to $4.85 per share, versus estimates of $5.16 per share. It expects total sales of $1.766 billion to $1.8 billion versus expectations of $1.82 billion.

For the first quarter, Boot Barn sees EPS of 94 cents to $1.00, versus estimates of $1.09. The company projects total sales of $399 million to $407 million versus expectations of $398.23 million.

Boot Barn shares gained 0.2% to close at $107.03 on Tuesday.

These analysts made changes to their price targets on Boot Barn after the company reported quarterly results.

• Baird raised the price target on Boot Barn from $90 to $100. Baird analyst Jonathan Komp maintained a Neutral rating.
• Benchmark increased Boot Barn price target from $88 to $110. Benchmark analyst John Lawrence maintained a Buy rating.

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