Burlington Stores (NYSE:BURL) Releases Q4 Earnings Guidance

Burlington Stores (NYSE:BURL) issued an update on its fourth quarter earnings guidance on Tuesday morning. 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 capitalization of $18.57 billion, a P/E ratio of 43.86, a price-to-earnings-growth ratio of 1.46 and a beta of 1.64. 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 business’s fifty day simple moving average is $261.73 and its 200 day simple moving average is $248.76. Burlington Stores has a 12 month low of $168.49 and a 12 month high of $298.89.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on BURL shares. Bank of America lifted their price objective 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. Evercore ISI upped their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $300.00 price objective on shares of Burlington Stores in a report on Thursday, August 29th. UBS Group raised their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Barclays raised their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $300.44.

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $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 can be accessed through the SEC website. 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.