Burlington Stores (NYSE:BURL) Updates Q2 2022 Earnings Guidance

Burlington Stores (NYSE:BURL – Get Rating) updated its second quarter 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $0.18-$0.31 for the period, compared to the consensus earnings per share estimate of $1.07. The company issued revenue guidance of -.Burlington Stores also updated its FY 2022 guidance to $6.00-$7.00 EPS.

A number of brokerages have commented on BURL. Telsey Advisory Group reduced their target price on shares of Burlington Stores from $300.00 to $280.00 and set an outperform rating on the stock in a research note on Friday, March 4th. Sanford C. Bernstein began coverage on shares of Burlington Stores in a research report on Monday, March 14th. They set an outperform rating and a $230.00 price target for the company. OTR Global cut shares of Burlington Stores to a positive rating in a research report on Wednesday, May 4th. Truist Financial dropped their price target on shares of Burlington Stores from $303.00 to $238.00 and set a buy rating for the company in a research report on Friday, March 4th. Finally, Gordon Haskett upgraded shares of Burlington Stores from an accumulate rating to a buy rating and dropped their price target for the company from $350.00 to $265.00 in a research report on Thursday, February 10th. 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 MarketBeat.com, Burlington Stores has a consensus rating of Buy and a consensus price target of $282.48.

NYSE BURL opened at $156.29 on Thursday. The stock has a market capitalization of $10.33 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76. The company has a quick ratio of 0.78, a current ratio of 1.31 and a debt-to-equity ratio of 2.03. Burlington Stores has a 52 week low of $142.41 and a 52 week high of $357.34. The firm has a 50 day moving average of $192.84 and a two-hundred day moving average of $230.18.

Burlington Stores (NYSE:BURL – Get Rating) last issued its quarterly earnings data on Thursday, March 3rd. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $3.22 by ($0.69). The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Burlington Stores had a return on equity of 85.14% and a net margin of 4.39%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.44 EPS. On average, equities research analysts expect that Burlington Stores will post 7.24 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of BURL. EverSource Wealth Advisors LLC purchased a new stake in Burlington Stores in the 4th quarter valued at $38,000. KB Financial Partners LLC purchased a new stake in Burlington Stores in the 4th quarter valued at $41,000. Covestor Ltd raised its position in Burlington Stores by 98.8% in the 1st quarter. Covestor Ltd now owns 491 shares of the company’s stock valued at $90,000 after purchasing an additional 244 shares during the last quarter. Prudential PLC purchased a new stake in Burlington Stores in the 1st quarter valued at $218,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Burlington Stores in the 1st quarter valued at $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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