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

Burlington Stores (NYSE:BURLGet 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.

Burlington Stores (NYSE:BURLGet Rating) last announced its quarterly earnings data on Thursday, May 26th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.09). The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Burlington Stores had a return on equity of 60.41% and a net margin of 2.80%. The company’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.59 earnings per share. As a group, analysts anticipate that Burlington Stores will post 6.6 earnings per share for the current year.

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.

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