Burlington Stores (NYSE:BURL) Updates Q4 Earnings Guidance

Burlington Stores (NYSE:BURL) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $3.55-3.75 for the period, compared to the consensus earnings per share estimate of $3.78. The company issued revenue guidance of +5-7% yr/yr to ~$3.28-3.34 billion, compared to the consensus revenue estimate of $3.27 billion. Burlington Stores also updated its FY 2024 guidance to 7.760-7.960 EPS.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of research reports. Loop Capital lifted their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Bank of America boosted their price target on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group restated an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a research note on Thursday, August 29th. Wells Fargo & Company raised their price objective on Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.44.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $291.66 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The company has a market cap of $18.57 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 1.46 and a beta of 1.64. The firm has a fifty day moving average price of $261.73 and a two-hundred day moving average price of $248.76. Burlington Stores has a fifty-two week low of $168.49 and a fifty-two week high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Analysts expect that Burlington Stores will post 7.94 EPS for the current year.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by insiders.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.