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

Burlington Stores (NYSE:BURLGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.77-$4.07 for the period, compared to the consensus EPS estimate of $4.00. The company issued revenue guidance of -. Burlington Stores also updated its Q4 2022 guidance to $2.45-$2.75 EPS.

Burlington Stores Price Performance

NYSE BURL opened at $157.64 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 1.20 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $10.33 billion, a PE ratio of 65.14 and a beta of 1.00. The company has a 50 day moving average price of $130.65 and a two-hundred day moving average price of $147.61. Burlington Stores has a 12-month low of $106.47 and a 12-month high of $304.17.

Burlington Stores (NYSE:BURLGet Rating) last posted its earnings results on Thursday, August 25th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.12. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Burlington Stores had a net margin of 1.85% and a return on equity of 45.72%. The company’s revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 earnings per share. As a group, equities analysts predict that Burlington Stores will post 3.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

BURL has been the subject of a number of analyst reports. Telsey Advisory Group reduced their target price on shares of Burlington Stores from $250.00 to $218.00 and set an outperform rating for the company in a research note on Monday, August 22nd. William Blair began coverage on shares of Burlington Stores in a research note on Friday, August 26th. They issued an outperform rating for the company. Cowen dropped their target price on shares of Burlington Stores from $175.00 to $160.00 and set a market perform rating on the stock in a research report on Friday, August 26th. StockNews.com began coverage on shares of Burlington Stores in a research report on Wednesday, October 12th. They set a hold rating on the stock. Finally, Morgan Stanley boosted their target price on shares of Burlington Stores from $167.00 to $175.00 and gave the stock an overweight rating in a research report on Tuesday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $204.68.

Institutional Investors Weigh In On Burlington Stores

Institutional investors and hedge funds have recently made changes to their positions in the company. Salem Investment Counselors Inc. lifted its position in Burlington Stores by 58.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after buying an additional 71 shares in the last quarter. KB Financial Partners LLC lifted its position in Burlington Stores by 68.8% during the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after buying an additional 97 shares in the last quarter. Yousif Capital Management LLC lifted its position in Burlington Stores by 8.5% during the 1st quarter. Yousif Capital Management LLC now owns 1,538 shares of the company’s stock worth $280,000 after buying an additional 120 shares in the last quarter. Raymond James Trust N.A. lifted its position in Burlington Stores by 14.9% during the 1st quarter. Raymond James Trust N.A. now owns 1,471 shares of the company’s stock worth $268,000 after buying an additional 191 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Burlington Stores by 2.0% during the 1st quarter. Mackenzie Financial Corp now owns 10,848 shares of the company’s stock worth $1,976,000 after buying an additional 216 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

About Burlington Stores

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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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