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.
Several research firms have recently commented on BURL. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Burlington Stores from $223.00 to $191.00 in a research note on Friday, May 27th. Berenberg Bank reaffirmed a buy rating and issued a $292.00 target price on shares of Burlington Stores in a report on Wednesday, March 9th. Cowen reduced their target price on shares of Burlington Stores from $327.00 to $292.00 and set an outperform rating on the stock in a report on Tuesday, February 22nd. Credit Suisse Group reduced their target price on shares of Burlington Stores to $215.00 in a report on Friday, May 27th. Finally, UBS Group reduced their target price on shares of Burlington Stores from $218.00 to $209.00 and set a na rating on the stock in a report on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $243.75.
BURL stock opened at $164.95 on Thursday. The company has a fifty day moving average price of $190.64 and a 200 day moving average price of $226.17. Burlington Stores has a 12 month low of $142.41 and a 12 month high of $357.34. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 44.10, a price-to-earnings-growth ratio of 2.97 and a beta of 0.78. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.26 and a quick ratio of 0.53.
Several hedge funds have recently made changes to their positions in the company. NEXT Financial Group Inc grew its position in Burlington Stores by 65.5% in the fourth quarter. NEXT Financial Group Inc now owns 1,551 shares of the company’s stock valued at $452,000 after acquiring an additional 614 shares in the last quarter. Echo Street Capital Management LLC grew its position in Burlington Stores by 84.0% in the first quarter. Echo Street Capital Management LLC now owns 2,230 shares of the company’s stock valued at $406,000 after acquiring an additional 1,018 shares in the last quarter. Captrust Financial Advisors grew its position in Burlington Stores by 22.5% in the first quarter. Captrust Financial Advisors now owns 1,949 shares of the company’s stock valued at $355,000 after acquiring an additional 358 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in Burlington Stores in the first quarter valued at approximately $313,000. Finally, Quantamental Technologies LLC acquired a new stake in Burlington Stores in the first quarter valued at approximately $295,000.
About Burlington Stores (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.
- Get a free copy of the StockNews.com research report on Burlington Stores (BURL)
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