Zacks Research Research Analysts Lower Earnings Estimates for Burlington Stores, Inc. (NYSE:BURL)

Burlington Stores, Inc. (NYSE:BURL) – Equities research analysts at Zacks Research lowered their Q4 2024 earnings estimates for shares of Burlington Stores in a report released on Thursday, September 7th. Zacks Research analyst S. Singh now forecasts that the company will post earnings of $3.17 per share for the quarter, down from their prior estimate of $3.70. The consensus estimate for Burlington Stores’ current full-year earnings is $5.74 per share.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.17. Burlington Stores had a net margin of 2.92% and a return on equity of 41.25%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year.

A number of other analysts have also recently commented on the company. TD Cowen decreased their price objective on Burlington Stores from $185.00 to $181.00 and set a “market perform” rating on the stock in a research note on Monday, August 28th. Robert W. Baird lowered their target price on shares of Burlington Stores from $270.00 to $250.00 in a research note on Friday, May 26th. Bank of America cut their price target on Burlington Stores from $250.00 to $240.00 in a research note on Friday, May 26th. Morgan Stanley restated an “overweight” rating and issued a $233.00 price objective on shares of Burlington Stores in a research report on Monday, August 7th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $225.00 target price on shares of Burlington Stores in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $213.79.

Burlington Stores Stock Up 0.4 %

Burlington Stores stock opened at $156.10 on Monday. Burlington Stores has a one year low of $106.47 and a one year high of $239.94. The stock has a fifty day moving average of $166.11 and a 200 day moving average of $176.91. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.46 and a current ratio of 1.17. The stock has a market cap of $10.12 billion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.11.

Institutional Trading of Burlington Stores

A number of hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Burlington Stores by 22.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,112,107 shares of the company’s stock worth $2,050,331,000 after purchasing an additional 1,840,276 shares in the last quarter. Capital International Investors increased its holdings in shares of Burlington Stores by 16.6% during the second quarter. Capital International Investors now owns 6,599,768 shares of the company’s stock valued at $1,038,683,000 after acquiring an additional 940,463 shares in the last quarter. Norges Bank purchased a new stake in Burlington Stores during the 4th quarter worth approximately $115,609,000. Renaissance Technologies LLC acquired a new position in Burlington Stores during the 1st quarter valued at approximately $106,648,000. Finally, Holocene Advisors LP acquired a new stake in shares of Burlington Stores during the second quarter worth $78,220,000.

Burlington Stores Company Profile

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.