Burlington Stores (NYSE:BURL) Issues Q4 Earnings Guidance

Burlington Stores (NYSE:BURL) updated its fourth quarter earnings guidance on Tuesday. 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.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BURL. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Monday, August 19th. Evercore ISI increased their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Citigroup lifted their price objective on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Barclays raised their target price on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $304.50.

Burlington Stores Stock Performance

NYSE:BURL opened at $286.94 on Wednesday. Burlington Stores has a fifty-two week low of $168.49 and a fifty-two week high of $298.89. 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 company has a 50 day moving average price of $261.73 and a 200 day moving average price of $248.76. The stock has a market capitalization of $18.27 billion, a P/E ratio of 43.15, a PEG ratio of 1.48 and a beta of 1.64.

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

Insider Buying and Selling at Burlington Stores

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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.91% of the stock is currently 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.