Burlington Stores Inc (BURL) Releases FY18 Earnings Guidance
Burlington Stores Inc (NYSE:BURL) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $3.86-3.96 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.89. The company issued revenue guidance of +7.3-8.1% to ~$5.972-6.016 billion, compared to the consensus revenue estimate of $6.04 billion.Burlington Stores also updated its Q2 guidance to $0.45-0.50 EPS.
A number of equities research analysts recently weighed in on the stock. Vetr upgraded shares of Burlington Stores from a buy rating to a strong-buy rating and set a $105.25 target price on the stock in a report on Monday, March 20th. William Blair restated an outperform rating on shares of Burlington Stores in a report on Wednesday, April 5th. BMO Capital Markets restated a buy rating on shares of Burlington Stores in a report on Saturday, March 4th. Cowen and Company set a $103.00 target price on shares of Burlington Stores and gave the stock a buy rating in a report on Saturday, April 8th. Finally, Royal Bank of Canada upped their target price on shares of Burlington Stores from $91.00 to $97.00 and gave the stock an outperform rating in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $97.89.
Burlington Stores Inc (NYSE:BURL) opened at 94.01 on Thursday. The company has a 50-day moving average of $96.73 and a 200 day moving average of $89.40. Burlington Stores Inc has a 12-month low of $58.90 and a 12-month high of $104.07. The company has a market capitalization of $6.53 billion, a P/E ratio of 31.23 and a beta of 0.54.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, May 25th. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.09. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. Burlington Stores had a net margin of 3.48% and a negative return on equity of 193.88%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. Equities research analysts forecast that Burlington Stores Inc will post $3.90 earnings per share for the current fiscal year.
In other news, VP John Crimmins sold 7,335 shares of the stock in a transaction on Friday, March 10th. The shares were sold at an average price of $94.20, for a total value of $690,957.00. Following the sale, the vice president now owns 17,353 shares of the company’s stock, valued at $1,634,652.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $93.00, for a total transaction of $1,860,000.00. Following the completion of the sale, the chief executive officer now directly owns 571,871 shares in the company, valued at approximately $53,184,003. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,627 shares of company stock valued at $5,452,685. 2.21% of the stock is owned by company insiders.
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Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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