Burlington Stores Inc. (NYSE:BURL) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.63-1.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.70. Burlington Stores also updated its FY17 guidance to $3.11-3.15 EPS.

Burlington Stores Inc. (NYSE:BURL) opened at 84.11 on Tuesday. The stock has a market capitalization of $5.94 billion, a PE ratio of 36.02 and a beta of 0.47. Burlington Stores Inc. has a 1-year low of $40.89 and a 1-year high of $87.23. The stock’s 50 day moving average price is $75.64 and its 200 day moving average price is $72.01.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.18. Burlington Stores had a negative return on equity of 183.69% and a net margin of 3.22%. The company earned $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business earned $0.25 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts forecast that Burlington Stores Inc. will post $2.98 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. Credit Suisse Group AG reaffirmed a hold rating and set a $75.00 price target on shares of Burlington Stores in a research note on Tuesday, September 13th. Bank of America Corp. reaffirmed a buy rating and set a $95.00 price target (up from $90.00) on shares of Burlington Stores in a research note on Monday, September 26th. BMO Capital Markets reaffirmed an outperform rating and set a $96.00 price target on shares of Burlington Stores in a research note on Wednesday, September 28th. Guggenheim assumed coverage on Burlington Stores in a research note on Friday, September 30th. They set a neutral rating for the company. Finally, RBC Capital Markets reaffirmed an outperform rating and set a $86.00 price target (up from $82.00) on shares of Burlington Stores in a research note on Friday, August 26th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $86.24.

In related news, insider Mike Metheny sold 4,000 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $82.32, for a total value of $329,280.00. Following the sale, the insider now owns 6,281 shares of the company’s stock, valued at approximately $517,051.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joyce Manning Magrini sold 6,300 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $79.80, for a total value of $502,740.00. Following the completion of the sale, the insider now directly owns 89,978 shares in the company, valued at approximately $7,180,244.40. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. acquired a new position in shares of Burlington Stores during the second quarter valued at about $112,000. The Manufacturers Life Insurance Company acquired a new position in shares of Burlington Stores during the third quarter valued at about $168,000. SG Americas Securities LLC acquired a new position in shares of Burlington Stores during the third quarter valued at about $169,000. BOKF NA acquired a new position in shares of Burlington Stores during the second quarter valued at about $207,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Burlington Stores during the second quarter valued at about $217,000.

About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.

5 Day Chart for NYSE:BURL

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