Burlington Stores (NYSE:BURL – Get Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.70-$4.30 for the period, compared to the consensus earnings per share estimate of $5.70. The company issued revenue guidance of -. Burlington Stores also updated its Q3 2022 guidance to $0.36-$0.66 EPS.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on BURL shares. Cowen dropped their target price on shares of Burlington Stores from $175.00 to $160.00 and set a market perform rating on the stock in a research report on Friday, August 26th. Cowen cut their price objective on shares of Burlington Stores from $175.00 to $160.00 and set a market perform rating on the stock in a research report on Friday, August 26th. Deutsche Bank Aktiengesellschaft cut their price target on Burlington Stores from $191.00 to $177.00 and set a buy rating on the stock in a report on Friday, August 26th. Wells Fargo & Company cut their target price on Burlington Stores from $210.00 to $200.00 and set an overweight rating on the stock in a report on Thursday, July 7th. Finally, Robert W. Baird raised their price objective on shares of Burlington Stores from $200.00 to $205.00 and gave the company an outperform rating in a research note on Friday, August 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $205.32.
Get Burlington Stores alerts:Burlington Stores Price Performance
NYSE:BURL traded down $6.58 during midday trading on Tuesday, hitting $132.14. The company had a trading volume of 10,914 shares, compared to its average volume of 1,274,629. The stock's fifty day moving average price is $150.10 and its 200-day moving average price is $169.68. Burlington Stores has a 52-week low of $133.28 and a 52-week high of $314.71. The company has a quick ratio of 0.42, a current ratio of 1.20 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $8.66 billion, a PE ratio of 57.32 and a beta of 0.83.
Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.12. Burlington Stores had a return on equity of 45.72% and a net margin of 1.85%. The company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the firm posted $1.94 EPS. Burlington Stores's revenue for the quarter was down 10.3% compared to the same quarter last year. As a group, research analysts expect that Burlington Stores will post 4.02 earnings per share for the current year.Institutional Trading of Burlington Stores
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Burlington Stores by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,884,904 shares of the company's stock valued at $1,072,053,000 after purchasing an additional 33,036 shares during the period. Wellington Management Group LLP raised its holdings in shares of Burlington Stores by 1.9% during the first quarter. Wellington Management Group LLP now owns 999,412 shares of the company's stock valued at $182,064,000 after acquiring an additional 18,372 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Burlington Stores by 112.1% in the first quarter. Clearbridge Investments LLC now owns 565,509 shares of the company's stock valued at $103,019,000 after acquiring an additional 298,837 shares in the last quarter. Northern Trust Corp increased its position in Burlington Stores by 0.7% during the 1st quarter. Northern Trust Corp now owns 453,012 shares of the company's stock valued at $82,526,000 after purchasing an additional 2,944 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in Burlington Stores by 117.0% in the 1st quarter. 1832 Asset Management L.P. now owns 350,835 shares of the company's stock worth $63,062,000 after purchasing an additional 189,158 shares in the last quarter. Institutional investors own 99.79% of the company's stock.
About Burlington Stores
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Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.
Further Reading
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