Burlington Stores, Inc. (BURL) Set to Announce Earnings on Wednesday
Burlington Stores, Inc. (NYSE:BURL) will release its earnings data before the market opens on Wednesday, August 23rd. Analysts expect Burlington Stores to post earnings of $0.50 per share for the quarter. Burlington Stores has set its Q2 guidance at $0.45-0.50 EPS and its FY18 guidance at $3.86-3.96 EPS.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 25th. The company reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.09. Burlington Stores had a negative return on equity of 294.39% and a net margin of 4.08%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts expect Burlington Stores to post $3.97 EPS for the current fiscal year and $4.53 EPS for the next fiscal year.
Shares of Burlington Stores, Inc. (NYSE:BURL) opened at 80.27 on Wednesday. The stock has a 50 day moving average price of $87.60 and a 200-day moving average price of $92.23. Burlington Stores, Inc. has a 1-year low of $68.94 and a 1-year high of $104.07. The company has a market cap of $5.55 billion, a P/E ratio of 24.91 and a beta of 0.51.
In other news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $84.03, for a total value of $1,680,600.00. Following the transaction, the chief executive officer now owns 518,008 shares of the company’s stock, valued at approximately $43,528,212.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Fred Hand sold 12,500 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $100.47, for a total value of $1,255,875.00. Following the completion of the transaction, the insider now directly owns 80,809 shares in the company, valued at approximately $8,118,880.23. The disclosure for this sale can be found here. In the last three months, insiders sold 69,168 shares of company stock worth $6,272,491. 2.60% of the stock is currently owned by company insiders.
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BURL has been the topic of a number of research analyst reports. BMO Capital Markets set a $96.00 price target on Burlington Stores and gave the stock a “buy” rating in a research report on Friday, May 26th. Wolfe Research started coverage on Burlington Stores in a research report on Friday, April 28th. They issued an “outperform” rating and a $113.00 price objective on the stock. TheStreet lowered Burlington Stores from a “b-” rating to a “c+” rating in a research report on Friday, June 23rd. Citigroup Inc. decreased their price objective on Burlington Stores from $100.00 to $94.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 30th. Finally, BidaskClub lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Burlington Stores has a consensus rating of “Buy” and a consensus target price of $104.28.
About Burlington Stores
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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