Burlington Stores (NYSE:BURL – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 7.660-7.960 for the period, compared to the consensus earnings per share estimate of 7.690. The company issued revenue guidance of $10.6 billion-$10.7 billion, compared to the consensus revenue estimate of $10.6 billion. Burlington Stores also updated its FY25 guidance to $7.66-7.96 EPS.
Burlington Stores Stock Down 1.2 %
Shares of NYSE:BURL traded down $3.27 during trading on Friday, reaching $263.90. The stock had a trading volume of 121,676 shares, compared to its average volume of 913,924. Burlington Stores has a one year low of $115.66 and a one year high of $282.49. The company has a market capitalization of $16.84 billion, a P/E ratio of 44.87, a PEG ratio of 1.36 and a beta of 1.61. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The firm’s 50-day simple moving average is $251.63 and its 200 day simple moving average is $221.96.
Burlington Stores (NYSE:BURL – Get Free Report) last released its earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. Burlington Stores’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. As a group, research analysts expect that Burlington Stores will post 7.61 EPS for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Stock Report on Burlington Stores
Insider Activity at Burlington Stores
In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by corporate 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.
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