Burlington Stores (BURL) Releases Q1 2019 Earnings Guidance

Burlington Stores (NYSE:BURL) issued an update on its first quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.21-1.31 for the period, compared to the Thomson Reuters consensus estimate of $1.35. The company issued revenue guidance of $1.632-1.662 billion, compared to the consensus revenue estimate of $1.65 billion.Burlington Stores also updated its FY 2019 guidance to $6.93-7.06 EPS.

Shares of NYSE:BURL opened at $147.28 on Friday. Burlington Stores has a one year low of $122.48 and a one year high of $180.27. The company has a quick ratio of 0.24, a current ratio of 1.00 and a debt-to-equity ratio of 5.63. The company has a market cap of $11.07 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 1.12 and a beta of 0.19.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 7th. The company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.77 by $0.06. Burlington Stores had a net margin of 7.12% and a return on equity of 293.30%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company earned $3.59 EPS. Burlington Stores’s revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts forecast that Burlington Stores will post 6.38 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on BURL shares. Cowen set a $165.00 price target on shares of Burlington Stores and gave the stock a buy rating in a research report on Thursday. Loop Capital lifted their price target on shares of Burlington Stores to $185.00 and gave the stock a buy rating in a research report on Friday, December 28th. Wells Fargo & Co set a $184.00 price target on shares of Burlington Stores and gave the stock a buy rating in a research report on Wednesday, November 28th. MKM Partners set a $174.00 price objective on shares of Burlington Stores and gave the stock a buy rating in a research note on Wednesday, November 28th. Finally, Bank of America lifted their price objective on shares of Burlington Stores from $180.00 to $190.00 and gave the stock a buy rating in a research note on Wednesday, November 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. Burlington Stores has an average rating of Buy and an average price target of $174.25.

In other Burlington Stores news, insider Jennifer Vecchio sold 800 shares of Burlington Stores stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $160.25, for a total value of $128,200.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $157.09, for a total transaction of $3,141,800.00. Following the completion of the transaction, the chief executive officer now directly owns 317,473 shares in the company, valued at approximately $49,871,833.57. The disclosure for this sale can be found here. Insiders have sold a total of 87,246 shares of company stock worth $14,360,422 in the last three months. 1.91% of the stock is owned by insiders.

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About Burlington Stores

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.

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

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