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 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.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $291.66 on Tuesday. 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 fifty-two week low of $168.49 and a fifty-two week high of $298.89. The business has a 50 day moving average price of $261.73 and a two-hundred day moving average price of $248.76. 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.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BURL shares. Bank of America boosted their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Loop Capital boosted 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. TD Cowen raised their target price on shares of Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a report on Monday. Evercore ISI upped their target price on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Citigroup increased their price target on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and an average price target of $300.44.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the firm’s 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 completion of the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by 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.