Burlington Stores (BURL) Issues FY20 Earnings Guidance

Burlington Stores (NYSE:BURL) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of $6.93-7.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.07. The company issued revenue guidance of +9-10% to approximately $7.24-7.31 billion, compared to the consensus revenue estimate of $7.30 billion.Burlington Stores also updated its FY 2019 guidance to $6.93-7.06 EPS.

Shares of BURL stock opened at $143.52 on Friday. Burlington Stores has a 12-month low of $123.24 and a 12-month high of $180.27. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.24 and a current ratio of 1.00. The company has a market capitalization of $9.67 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.12 and a beta of 0.19.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter last year, the company posted $3.59 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities analysts predict that Burlington Stores will post 6.38 EPS for the current year.

BURL has been the topic of several recent analyst reports. Cowen set a $165.00 price objective on shares of Burlington Stores and gave the company a buy rating in a research report on Thursday. Loop Capital raised their price objective on shares of Burlington Stores to $185.00 and gave the company a buy rating in a research report on Friday, December 28th. Wells Fargo & Co set a $184.00 price objective on shares of Burlington Stores and gave the company 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 company a buy rating in a research report on Wednesday, November 28th. Finally, Bank of America raised their price objective on shares of Burlington Stores from $180.00 to $190.00 and gave the company a buy rating in a research report on Wednesday, November 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $174.89.

In related news, insider Fred Hand sold 4,075 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $175.19, for a total transaction of $713,899.25. Following the completion of the transaction, the insider now directly owns 56,912 shares of the company’s stock, valued at $9,970,413.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 317,473 shares of the company’s stock, valued at $49,871,833.57. The disclosure for this sale can be found here. Insiders have sold 87,246 shares of company stock valued at $14,360,422 over the last ninety days. 1.91% of the stock is currently owned by corporate 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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