Burlington Stores (NYSE:BURL) Issues FY20 Earnings Guidance

Burlington Stores (NYSE:BURL) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $7.14-7.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.99. The company issued revenue guidance of +8.8-9.3% to ~$7.2-7.3 billion, compared to the consensus revenue estimate of $7.26 billion.Burlington Stores also updated its FY 2019 guidance to $7.14-7.22 EPS.

A number of equities analysts have commented on the stock. ValuEngine cut shares of Burlington Stores from a buy rating to a hold rating in a research note on Thursday, August 1st. Loop Capital raised shares of Burlington Stores to a buy rating and set a $200.00 price objective for the company in a research note on Friday, August 16th. Guggenheim reissued a hold rating on shares of Burlington Stores in a research note on Thursday, May 30th. OTR Global cut shares of Burlington Stores to a positive rating in a research note on Friday, August 9th. Finally, Robert W. Baird assumed coverage on shares of Burlington Stores in a research note on Tuesday, May 14th. They issued an outperform rating and a $200.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Burlington Stores has a consensus rating of Buy and a consensus target price of $182.24.

Burlington Stores stock opened at $173.27 on Thursday. The firm has a 50-day moving average price of $176.25 and a 200-day moving average price of $165.45. The firm has a market capitalization of $11.54 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 1.46 and a beta of 0.27. The company has a current ratio of 0.93, a quick ratio of 0.26 and a debt-to-equity ratio of 11.41. Burlington Stores has a 12-month low of $136.30 and a 12-month high of $184.82.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 29th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.21. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $1.09 EPS. As a group, sell-side analysts predict that Burlington Stores will post 7.01 earnings per share for the current fiscal year.

In other news, insider Fred Hand sold 6,486 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $168.23, for a total value of $1,091,139.78. Following the completion of the sale, the insider now owns 62,558 shares in the company, valued at approximately $10,524,132.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $165.16, for a total transaction of $3,303,200.00. Following the completion of the sale, the chief executive officer now owns 309,483 shares of the company’s stock, valued at approximately $51,114,212.28. The disclosure for this sale can be found here. Insiders sold a total of 39,458 shares of company stock valued at $6,630,907 in the last 90 days. Company insiders own 1.86% of the company’s stock.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, 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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