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.
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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