Burlington Stores (BURL) Updates FY 2019 Earnings Guidance

Burlington Stores (NYSE:BURL) issued an update on its FY 2019 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 $7.06. The company issued revenue guidance of $7.269-7.335 billion, compared to the consensus revenue estimate of $7.26 billion.Burlington Stores also updated its FY20 guidance to $6.93-7.06 EPS.

NYSE BURL 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 current ratio of 1.00 and a quick ratio of 0.24. The firm has a market capitalization of $9.67 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 1.12 and a beta of 0.19.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the firm posted $3.59 EPS. Burlington Stores’s revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts expect that Burlington Stores will post 6.38 earnings per share for the current year.

A number of equities analysts have issued reports on the stock. Citigroup cut their price objective on shares of Burlington Stores from $175.00 to $158.00 and set a neutral rating on the stock in a report on Friday. Wedbush cut their price objective on shares of Burlington Stores from $160.00 to $155.00 and set a neutral rating on the stock in a report on Friday. Credit Suisse Group cut their price objective on shares of Burlington Stores from $190.00 to $175.00 and set an outperform rating on the stock in a report on Friday. Telsey Advisory Group downgraded shares of Burlington Stores from an outperform rating to a market perform rating and cut their price objective for the stock from $190.00 to $165.00 in a report on Friday. Finally, Cowen set a $165.00 price objective on shares of Burlington Stores and gave the stock a buy rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $174.89.

In related news, CFO Marc Katz sold 7,500 shares of the business’s stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $158.69, for a total value of $1,190,175.00. Following the transaction, the chief financial officer now directly owns 100,090 shares of the company’s stock, valued at approximately $15,883,282.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Monday, December 10th. The stock was 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 $49,871,833.57. The disclosure for this sale can be found here. Insiders sold a total of 87,246 shares of company stock worth $14,360,422 over the last three months. 1.91% of the stock is owned by insiders.

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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.

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

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