Burlington Stores (NYSE:BURL) Issues Q4 Earnings Guidance

Burlington Stores (NYSE:BURL) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.55-3.75 for the period, compared to the consensus 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

A number of brokerages have recently issued reports on BURL. Robert W. Baird upped their price target on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen upped their target price on Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a research report on Monday. The Goldman Sachs Group raised their price target on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Morgan Stanley boosted their price target on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, Citigroup lifted their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $304.50.

Burlington Stores Stock Down 1.6 %

Burlington Stores stock opened at $286.94 on Wednesday. The business’s 50-day moving average price is $261.73 and its 200 day moving average price is $248.76. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a market cap of $18.27 billion, a price-to-earnings ratio of 43.15, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. Burlington Stores has a 52 week low of $168.49 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Burlington Stores will post 7.94 earnings per share for the current year.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores 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 in the company, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is owned by company insiders.

About Burlington Stores

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.