Burlington Stores (NYSE:BURL) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.00-1.04 for the period, compared to the Thomson Reuters consensus estimate of $1.07. Burlington Stores also updated its FY19 guidance to $6.13-6.20 EPS.

A number of equities research analysts have recently issued reports on the stock. Guggenheim reissued a hold rating on shares of Burlington Stores in a research report on Tuesday, July 3rd. UBS Group assumed coverage on shares of Burlington Stores in a research report on Thursday, June 21st. They issued a sell rating and a $135.00 target price for the company. Wedbush assumed coverage on shares of Burlington Stores in a research report on Friday, June 22nd. They issued an outperform rating and a $175.00 target price for the company. Zacks Investment Research cut shares of Burlington Stores from a buy rating to a hold rating in a research report on Friday, June 22nd. Finally, Loop Capital reissued a buy rating and issued a $170.00 target price (up previously from $156.00) on shares of Burlington Stores in a research report on Wednesday, June 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $160.41.

BURL stock opened at $165.00 on Friday. The stock has a market capitalization of $11.30 billion, a P/E ratio of 37.76, a P/E/G ratio of 1.53 and a beta of 0.42. Burlington Stores has a 52 week low of $84.39 and a 52 week high of $172.65. The company has a debt-to-equity ratio of 10.09, a current ratio of 1.01 and a quick ratio of 0.29.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Burlington Stores had a negative return on equity of 16,096.86% and a net margin of 6.61%. Burlington Stores’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. sell-side analysts predict that Burlington Stores will post 6.05 earnings per share for the current fiscal year.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $150.05, for a total transaction of $3,001,000.00. Following the completion of the transaction, the chief executive officer now owns 322,973 shares of the company’s stock, valued at $48,462,098.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joyce Manning Magrini sold 2,500 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $148.75, for a total value of $371,875.00. Following the transaction, the executive vice president now directly owns 26,208 shares of the company’s stock, valued at approximately $3,898,440. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,762 shares of company stock valued at $13,947,101. Insiders own 1.91% of the company’s stock.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

See Also: Discover Your Risk Tolerance

Earnings History and Estimates for Burlington Stores (NYSE:BURL)

Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.