Burlington Stores, Inc. (NYSE:BURL) – Investment analysts at William Blair raised their FY2018 earnings per share estimates for Burlington Stores in a report issued on Tuesday. William Blair analyst D. Hofkin now anticipates that the company will post earnings of $4.27 per share for the year, up from their prior estimate of $4.25. William Blair also issued estimates for Burlington Stores’ Q1 2019 earnings at $0.89 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.84 EPS, Q4 2019 earnings at $2.42 EPS and FY2019 earnings at $4.87 EPS.

A number of other brokerages have also recently commented on BURL. Telsey Advisory Group upped their price target on shares of Burlington Stores from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada upped their price target on shares of Burlington Stores from $104.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday. SunTrust Banks, Inc. upped their price target on shares of Burlington Stores from $109.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price target on shares of Burlington Stores from $107.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Cowen and Company reissued a “buy” rating and set a $115.00 price objective on shares of Burlington Stores in a research report on Tuesday. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Burlington Stores presently has an average rating of “Buy” and a consensus price target of $108.66.

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Shares of Burlington Stores (BURL) traded down $1.61 on Wednesday, reaching $104.94. 2,245,800 shares of the company’s stock were exchanged, compared to its average volume of 1,087,106. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of -13.31. The company has a market capitalization of $7,348.97, a PE ratio of 28.57, a P/E/G ratio of 1.44 and a beta of 0.51. Burlington Stores has a twelve month low of $79.07 and a twelve month high of $106.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. Burlington Stores’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share.

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in shares of Burlington Stores by 43.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 146,488 shares of the company’s stock valued at $13,984,000 after buying an additional 44,034 shares in the last quarter. GSA Capital Partners LLP raised its position in Burlington Stores by 18.2% in the 3rd quarter. GSA Capital Partners LLP now owns 9,472 shares of the company’s stock worth $904,000 after purchasing an additional 1,459 shares during the period. Davidson Kempner Capital Management LP purchased a new position in Burlington Stores in the 3rd quarter worth $21,479,000. Ladenburg Thalmann Financial Services Inc. raised its position in Burlington Stores by 44.5% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,878 shares of the company’s stock worth $276,000 after purchasing an additional 886 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in Burlington Stores by 84.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,648 shares of the company’s stock worth $1,780,000 after purchasing an additional 8,535 shares during the period.

In other Burlington Stores news, insider Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $88.00, for a total value of $211,200.00. Following the completion of the transaction, the insider now directly owns 49,914 shares of the company’s stock, valued at approximately $4,392,432. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Marc Katz sold 11,000 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $87.25, for a total transaction of $959,750.00. Following the completion of the transaction, the chief financial officer now directly owns 124,555 shares of the company’s stock, valued at $10,867,423.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,922 shares of company stock valued at $8,052,750. 2.60% of the stock is owned by insiders.

Burlington Stores declared that its Board of Directors has approved a share repurchase program on Thursday, August 24th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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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