Burlington Stores (NYSE:BURL) Releases 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 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.

Analysts Set New Price Targets

A number of brokerages recently commented on BURL. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a report on Tuesday. Robert W. Baird boosted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday. Loop Capital increased their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Citigroup upped their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $307.69.

Burlington Stores Price Performance

BURL opened at $288.60 on Thursday. 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 business has a fifty day moving average of $262.06 and a 200 day moving average of $249.44. Burlington Stores has a 52-week low of $168.49 and a 52-week high of $298.89. The stock has a market cap of $18.37 billion, a P/E ratio of 43.40, a PEG ratio of 1.48 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 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 analysts’ expectations of $2.55 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Burlington Stores will post 7.94 EPS for the current year.

Insider Activity

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

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.