Burlington Stores (NYSE:BURL) Issues FY 2024 Earnings Guidance

Burlington Stores (NYSE:BURL) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 7.760-7.960 for the period, compared to the consensus EPS estimate of 7.920. The company issued revenue guidance of $10.6 billion-$10.7 billion, compared to the consensus revenue estimate of $10.7 billion. Burlington Stores also updated its Q4 guidance to $3.55-3.75 EPS.

Burlington Stores Stock Up 0.5 %

Shares of NYSE BURL opened at $288.36 on Friday. The company has a market cap of $18.36 billion, a price-to-earnings ratio of 43.36, a PEG ratio of 1.48 and a beta of 1.64. The firm’s fifty day moving average is $262.41 and its 200 day moving average is $249.71. Burlington Stores has a 52 week low of $168.49 and a 52 week high of $298.89. 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 (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. On average, equities research analysts expect that Burlington Stores will post 7.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Evercore ISI lifted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday. Loop Capital boosted their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a report on Friday, August 30th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday, August 19th. Finally, The Goldman Sachs Group boosted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $307.69.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is currently 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.