Burlington Stores (NYSE:BURL) Releases Q3 2024 Earnings Guidance

Burlington Stores (NYSE:BURL) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.450-1.550 for the period, compared to the consensus estimate of 1.360. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.5 billion. Burlington Stores also updated its FY 2024 guidance to 7.660-7.960 EPS.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Gordon Haskett upgraded 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. Telsey Advisory Group restated an outperform rating and set a $300.00 target price on shares of Burlington Stores in a research report on Thursday. Robert W. Baird raised their target price on Burlington Stores from $260.00 to $275.00 and gave the stock an outperform rating in a research report on Friday, May 31st. Wells Fargo & Company raised their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an overweight rating in a research report on Friday, August 23rd. Finally, StockNews.com downgraded Burlington Stores from a buy rating to a hold rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores presently has an average rating of Moderate Buy and an average target price of $289.31.

Burlington Stores Trading Down 1.2 %

Shares of NYSE BURL traded down $3.27 during midday trading on Friday, hitting $263.90. The stock had a trading volume of 121,676 shares, compared to its average volume of 913,924. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. Burlington Stores has a fifty-two week low of $115.66 and a fifty-two week high of $282.49. The company’s 50-day simple moving average is $251.63 and its 200 day simple moving average is $221.96. The firm has a market cap of $16.84 billion, a P/E ratio of 44.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that Burlington Stores will post 7.61 EPS for the current year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by 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.