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 Stock Performance

Shares of Burlington Stores stock opened at $291.66 on Tuesday. The firm has a market cap of $18.57 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 1.46 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores has a 52 week low of $168.49 and a 52 week high of $298.89. The business’s fifty day simple moving average is $261.73 and its 200-day simple moving average is $248.76.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating 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 company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Burlington Stores’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts forecast that Burlington Stores will post 7.94 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 30th. TD Cowen boosted their price objective on Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a report on Monday. Telsey Advisory Group restated an “outperform” rating and set a $300.00 target price on shares of Burlington Stores in a report on Thursday, August 29th. Barclays lifted their target price on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, UBS Group increased their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. 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, Burlington Stores presently has an average rating of “Moderate Buy” and an average price target of $300.44.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred 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 directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by corporate 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.