Q2 2024 EPS Estimates for Burlington Stores, Inc. Decreased by Zacks Research (NYSE:BURL)

Burlington Stores, Inc. (NYSE:BURL – Get Rating) – Equities research analysts at Zacks Research dropped their Q2 2024 EPS estimates for shares of Burlington Stores in a report issued on Tuesday, March 14th. Zacks Research analyst S. Singh now forecasts that the company will post earnings of $0.69 per share for the quarter, down from their prior forecast of $0.74. The consensus estimate for Burlington Stores’ current full-year earnings is $6.02 per share. Zacks Research also issued estimates for Burlington Stores’ Q3 2024 earnings at $0.75 EPS, FY2024 earnings at $5.72 EPS, Q2 2025 earnings at $1.12 EPS, Q3 2025 earnings at $1.24 EPS, FY2025 earnings at $7.80 EPS and FY2026 earnings at $8.00 EPS.

Burlington Stores (NYSE:BURL – Get Rating) last released its quarterly earnings results on Thursday, March 2nd. The company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.24. Burlington Stores had a net margin of 2.64% and a return on equity of 42.35%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the previous year, the company earned $2.53 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year.

A number of other equities research analysts have also weighed in on the stock. Cowen boosted their price objective on shares of Burlington Stores to $177.00 in a report on Thursday, November 24th. Wells Fargo & Company boosted their price objective on shares of Burlington Stores from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, February 21st. OTR Global upgraded shares of Burlington Stores from a “mixed” rating to a “positive” rating in a report on Wednesday, February 1st. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 price objective on shares of Burlington Stores in a report on Friday, March 3rd. Finally, Barclays boosted their price objective on shares of Burlington Stores from $230.00 to $281.00 and gave the stock an “overweight” rating in a report on Friday, January 13th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average target price of $231.73.

Burlington Stores Price Performance

BURL stock opened at $214.15 on Thursday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.12 and a quick ratio of 0.35. Burlington Stores has a one year low of $106.47 and a one year high of $239.94. The stock has a market cap of $14.04 billion, a PE ratio of 60.41, a P/E/G ratio of 1.01 and a beta of 1.10. The firm has a 50 day simple moving average of $222.49 and a two-hundred day simple moving average of $178.83.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BURL. Bank of Montreal Can raised its holdings in Burlington Stores by 5.8% in the 1st quarter. Bank of Montreal Can now owns 6,412 shares of the company’s stock worth $1,222,000 after purchasing an additional 349 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Burlington Stores in the 1st quarter worth $246,000. MetLife Investment Management LLC bought a new position in Burlington Stores in the 1st quarter worth $751,000. Yousif Capital Management LLC raised its holdings in Burlington Stores by 8.5% in the 1st quarter. Yousif Capital Management LLC now owns 1,538 shares of the company’s stock worth $280,000 after purchasing an additional 120 shares in the last quarter. Finally, Raymond James Trust N.A. grew its position in shares of Burlington Stores by 14.9% in the 1st quarter. Raymond James Trust N.A. now owns 1,471 shares of the company’s stock worth $268,000 after buying an additional 191 shares during the period.

About Burlington Stores

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Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.