Burlington Stores, Inc. (BURL) Issues Q4 Earnings Guidance
Burlington Stores, Inc. (NYSE:BURL) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $2.02-2.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.10. The company issued revenue guidance of +11-12% to ~$1.87-1.89 billion, compared to the consensus revenue estimate of $1.90 billion.
Burlington Stores, Inc. (NYSE:BURL) opened at $102.21 on Thursday. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of -13.31. Burlington Stores, Inc. has a fifty-two week low of $79.07 and a fifty-two week high of $106.89. The company has a market cap of $7,161.93, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 1.42 and a beta of 0.51.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Burlington Stores had a net margin of 4.61% and a negative return on equity of 447.66%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. equities research analysts anticipate that Burlington Stores, Inc. will post 4.25 earnings per share for the current year.
Burlington Stores announced that its board has initiated a share repurchase program on Thursday, August 24th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
BURL has been the subject of a number of research analyst reports. TheStreet raised shares of Burlington Stores from a c+ rating to a b- rating in a report on Monday, November 13th. Deutsche Bank AG initiated coverage on shares of Burlington Stores in a report on Thursday, September 14th. They set a buy rating and a $108.00 price objective for the company. BMO Capital Markets reaffirmed a buy rating and set a $115.00 price objective on shares of Burlington Stores in a report on Wednesday, September 13th. Cowen and Company set a $105.00 price objective on shares of Burlington Stores and gave the stock a buy rating in a report on Monday, August 14th. Finally, Buckingham Research reaffirmed a buy rating and set a $107.00 price objective on shares of Burlington Stores in a report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $108.66.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $98.51, for a total value of $1,970,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Marc Katz sold 11,000 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $87.25, for a total transaction of $959,750.00. Following the completion of the transaction, the chief financial officer now owns 124,555 shares in the company, valued at approximately $10,867,423.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,922 shares of company stock worth $8,052,750. 2.60% of the stock is owned by corporate insiders.
Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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