Burlington Stores (NYSE:BURL) Issues FY25 Earnings Guidance

Burlington Stores (NYSE:BURL) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $7.66-7.96 for the period, compared to the consensus EPS estimate of $7.71. The company issued revenue guidance of +9-10% yr/yr to ~$10.58-10.68, compared to the consensus revenue estimate of $10.59 billion. Burlington Stores also updated its FY 2024 guidance to 7.660-7.960 EPS.

Burlington Stores Trading Down 2.2 %

NYSE BURL opened at $272.89 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. The stock’s 50-day moving average is $251.04 and its 200-day moving average is $221.64. Burlington Stores has a one year low of $115.66 and a one year high of $280.08. The firm has a market cap of $17.42 billion, a P/E ratio of 45.71, a P/E/G ratio of 1.36 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that Burlington Stores will post 7.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BURL. StockNews.com raised shares of Burlington Stores from a hold rating to a buy rating in a research note on Thursday, August 22nd. Gordon Haskett raised Burlington Stores from a hold rating to a buy rating and set a $300.00 price objective for the company in a research report on Monday, August 19th. Robert W. Baird lifted their target price on Burlington Stores from $260.00 to $275.00 and gave the company an outperform rating in a research report on Friday, May 31st. JPMorgan Chase & Co. upped their price target on Burlington Stores from $284.00 to $288.00 and gave the stock an overweight rating in a research report on Monday, July 22nd. Finally, Morgan Stanley lowered their price objective on shares of Burlington Stores from $233.00 to $218.00 and set an overweight rating on the stock in a report on Monday, May 6th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $273.43.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise 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.