Burlington Stores (NYSE:BURL) Updates Q4 Earnings Guidance

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

Burlington Stores Trading Up 0.5 %

NYSE:BURL opened at $288.36 on Friday. Burlington Stores has a 1 year low of $168.49 and a 1 year high of $298.89. The stock has a market cap of $18.36 billion, a P/E ratio of 43.36, a P/E/G ratio of 1.48 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The stock has a 50-day simple moving average of $262.41 and a 200-day simple moving average of $249.71.

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, beating analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company 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, analysts anticipate that Burlington Stores will post 7.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BURL has been the subject of several research analyst reports. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Bank of America raised their price target on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company boosted 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. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, August 19th. Finally, Evercore ISI upped their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $307.69.

Insider Activity

In related news, Director Paul Sullivan sold 1,705 shares of the firm’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 completion of 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 at 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.