Burlington Stores Inc. (BURL) Updates FY17 Earnings Guidance
Burlington Stores Inc. (NYSE:BURL) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.11-3.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.98. Burlington Stores also updated its Q4 guidance to $1.63-1.67 EPS.
A number of research firms have weighed in on BURL. Buckingham Research upped their price target on Burlington Stores from $82.00 to $95.00 and gave the stock a buy rating in a report on Friday, August 26th. Telsey Advisory Group upped their price target on Burlington Stores from $84.00 to $86.00 and gave the stock a market perform rating in a report on Friday, August 26th. Goldman Sachs Group Inc. restated a buy rating and issued a $84.00 price target on shares of Burlington Stores in a report on Monday, August 1st. Royal Bank Of Canada upped their price target on Burlington Stores from $82.00 to $86.00 and gave the stock an outperform rating in a report on Friday, August 26th. Finally, Citigroup Inc. upped their price target on Burlington Stores from $75.00 to $87.00 and gave the stock a neutral rating in a report on Friday, August 26th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Burlington Stores presently has a consensus rating of Buy and a consensus price target of $86.24.
Shares of Burlington Stores Inc. (NYSE:BURL) opened at 74.18 on Tuesday. The firm has a 50-day moving average price of $75.64 and a 200 day moving average price of $72.01. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 31.77 and a beta of 0.47. Burlington Stores Inc. has a 12 month low of $40.89 and a 12 month high of $87.23.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.18. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Burlington Stores had a negative return on equity of 183.69% and a net margin of 3.22%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, analysts anticipate that Burlington Stores Inc. will post $2.98 EPS for the current fiscal year.
In other Burlington Stores news, insider Mike Metheny sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $78.49, for a total value of $313,960.00. Following the sale, the insider now owns 2,782 shares of the company’s stock, valued at approximately $218,359.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $79.73, for a total value of $1,594,600.00. Following the completion of the sale, the chief executive officer now directly owns 586,822 shares in the company, valued at approximately $46,787,318.06. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in Burlington Stores by 16.0% in the second quarter. US Bancorp DE now owns 4,780 shares of the company’s stock worth $319,000 after buying an additional 658 shares during the period. Verition Fund Management LLC raised its stake in Burlington Stores by 24.9% in the third quarter. Verition Fund Management LLC now owns 4,038 shares of the company’s stock worth $327,000 after buying an additional 806 shares during the period. Advisor Group Inc. acquired a new stake in Burlington Stores during the second quarter worth about $112,000. The Manufacturers Life Insurance Company acquired a new stake in Burlington Stores during the third quarter worth about $168,000. Finally, SG Americas Securities LLC acquired a new stake in Burlington Stores during the third quarter worth about $169,000.
Burlington Stores Company Profile
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.
Receive News & Stock Ratings for Burlington Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores Inc. and related stocks with our FREE daily email newsletter.