Burlington Stores (NYSE:BURL) Releases FY 2022 Earnings Guidance

Burlington Stores (NYSE:BURLGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.00-$7.00 for the period, compared to the consensus estimate of $7.20. The company issued revenue guidance of -.Burlington Stores also updated its FY23 guidance to $6.00-7.00 EPS.

Shares of Burlington Stores stock opened at $171.63 on Friday. The company has a market capitalization of $11.34 billion, a P/E ratio of 28.56, a P/E/G ratio of 1.86 and a beta of 0.76. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.78 and a current ratio of 1.31. The company has a fifty day moving average of $191.78 and a 200 day moving average of $228.44. Burlington Stores has a fifty-two week low of $142.41 and a fifty-two week high of $357.34.

Burlington Stores (NYSE:BURLGet Rating) last issued its earnings results on Thursday, May 26th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.09). The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $2.02 billion. Burlington Stores had a return on equity of 85.14% and a net margin of 4.39%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.59 EPS. Analysts forecast that Burlington Stores will post 7.24 EPS for the current year.

BURL has been the subject of several research reports. UBS Group dropped their price objective on shares of Burlington Stores from $218.00 to $209.00 and set a na rating for the company in a report on Tuesday, May 17th. Gordon Haskett raised shares of Burlington Stores from an accumulate rating to a buy rating and dropped their price objective for the company from $350.00 to $265.00 in a report on Thursday, February 10th. Loop Capital dropped their price objective on shares of Burlington Stores from $175.00 to $135.00 and set a sell rating for the company in a report on Friday. StockNews.com began coverage on shares of Burlington Stores in a report on Thursday, March 31st. They set a hold rating for the company. Finally, Berenberg Bank restated a buy rating and set a $292.00 target price on shares of Burlington Stores in a research report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Buy and a consensus price target of $260.86.

Several large investors have recently modified their holdings of BURL. EverSource Wealth Advisors LLC purchased a new position in shares of Burlington Stores during the fourth quarter worth approximately $38,000. KB Financial Partners LLC purchased a new position in shares of Burlington Stores during the fourth quarter worth approximately $41,000. Covestor Ltd increased its position in shares of Burlington Stores by 98.8% during the first quarter. Covestor Ltd now owns 491 shares of the company’s stock worth $90,000 after acquiring an additional 244 shares during the period. Prudential PLC bought a new position in shares of Burlington Stores during the first quarter valued at approximately $218,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Burlington Stores during the first quarter valued at approximately $246,000.

Burlington Stores Company Profile (Get Rating)

Burlington Stores, Inc operates as a retailer of branded apparel products 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.

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Earnings History and Estimates for Burlington Stores (NYSE:BURL)

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