Burlington Stores (NYSE:BURL) Updates 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 Ratings Changes

Several equities analysts have weighed in on BURL shares. Robert W. Baird raised 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. The Goldman Sachs Group boosted their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company lifted their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Evercore ISI increased their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, 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. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Stock Performance

Shares of BURL stock opened at $288.36 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The company has a market cap of $18.36 billion, a PE ratio of 43.36, a P/E/G ratio of 1.48 and a beta of 1.64. The company’s fifty day simple moving average is $262.41 and its 200-day simple moving average is $249.71. Burlington Stores has a 52 week low of $168.49 and a 52 week high of $298.89.

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

Insiders Place Their Bets

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