$2.08 EPS Expected for Burlington Stores, Inc. (BURL) This Quarter

Brokerages expect Burlington Stores, Inc. (NYSE:BURL) to post earnings of $2.08 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Burlington Stores’ earnings. The highest EPS estimate is $2.12 and the lowest is $2.05. Burlington Stores reported earnings per share of $1.78 in the same quarter last year, which indicates a positive year over year growth rate of 16.9%. The firm is scheduled to issue its next quarterly earnings results on Thursday, March 1st.

On average, analysts expect that Burlington Stores will report full year earnings of $4.28 per share for the current financial year, with EPS estimates ranging from $4.25 to $4.32. For the next fiscal year, analysts forecast that the business will post earnings of $4.86 per share, with EPS estimates ranging from $4.75 to $5.00. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Burlington Stores.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share.

BURL has been the subject of several analyst reports. Cowen set a $105.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Monday, November 27th. SunTrust Banks set a $109.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research report on Monday, October 16th. BMO Capital Markets set a $120.00 price objective on Burlington Stores and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, TheStreet upgraded Burlington Stores from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Burlington Stores currently has an average rating of “Buy” and an average price target of $110.49.

Burlington Stores (NYSE BURL) opened at $121.35 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. The stock has a market capitalization of $8,280.00, a P/E ratio of 31.85, a PEG ratio of 1.65 and a beta of 0.56. Burlington Stores has a 52-week low of $79.07 and a 52-week high of $125.82.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $92.29, for a total transaction of $1,845,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $95.37, for a total value of $228,888.00. Following the sale, the executive vice president now directly owns 46,013 shares in the company, valued at approximately $4,388,259.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,301 shares of company stock worth $8,644,706. 2.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Managed Accounts LLC bought a new position in shares of Burlington Stores in the third quarter valued at $114,000. Advisor Group Inc. increased its holdings in shares of 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 buying an additional 128 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Burlington Stores in the third quarter valued at $143,000. The Manufacturers Life Insurance Company increased its holdings in shares of 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 buying an additional 210 shares in the last quarter. Finally, Vident Investment Advisory LLC bought a new position in shares of Burlington Stores in the third quarter valued at $230,000.

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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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Earnings History and Estimates for Burlington Stores (NYSE:BURL)

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