Analysts forecast that Burlington Stores Inc (NYSE:BURL) will post $1.88 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Burlington Stores’ earnings, with the highest sales estimate coming in at $1.90 billion and the lowest estimate coming in at $1.86 billion. Burlington Stores posted sales of $1.69 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 11.2%. The company is scheduled to report its next earnings results on Thursday, March 1st.
According to Zacks, analysts expect that Burlington Stores will report full year sales of $1.88 billion for the current year, with estimates ranging from $6.01 billion to $6.05 billion. For the next year, analysts expect that the company will report sales of $6.42 billion per share, with estimates ranging from $6.31 billion to $6.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Burlington Stores.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year.
Several analysts recently commented on the stock. Wells Fargo & Co set a $143.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Cowen set a $132.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research note on Monday, December 11th. BMO Capital Markets set a $120.00 price objective on shares of Burlington Stores and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Finally, Morgan Stanley raised their price objective on shares of Burlington Stores from $107.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. Four research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Burlington Stores has an average rating of “Buy” and a consensus target price of $112.84.
In other news, EVP Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $95.37, for a total value of $228,888.00. Following the completion of the transaction, the executive vice president now owns 46,013 shares of the company’s stock, valued at $4,388,259.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $121.54, for a total transaction of $2,430,800.00. Following the completion of the transaction, the chief executive officer now directly owns 406,808 shares of the company’s stock, valued at approximately $49,443,444.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,701 shares of company stock valued at $9,524,858. 2.60% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of BURL. FNY Managed Accounts LLC acquired a new position in shares of Burlington Stores in the third quarter valued at approximately $114,000. Advisor Group Inc. grew its holdings in Burlington Stores by 9.2% in the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock valued at $139,000 after purchasing an additional 128 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Burlington Stores in the third quarter valued at approximately $143,000. The Manufacturers Life Insurance Company grew its holdings in Burlington Stores by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after purchasing an additional 210 shares during the period. Finally, Vident Investment Advisory LLC purchased a new stake in Burlington Stores in the third quarter valued at approximately $230,000.
Shares of Burlington Stores (BURL) opened at $125.73 on Monday. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. Burlington Stores has a 52 week low of $79.07 and a 52 week high of $126.88. The company has a market cap of $8,580.82, a PE ratio of 33.00, a P/E/G ratio of 1.58 and a beta of 0.56.
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Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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