Analysts Expect Burlington Stores Inc (BURL) Will Announce Earnings of $2.08 Per Share

Brokerages expect that Burlington Stores Inc (NYSE:BURL) will report earnings per share of $2.08 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Burlington Stores’ earnings, with the highest EPS estimate coming in at $2.12 and the lowest estimate coming in at $2.05. Burlington Stores reported earnings per share of $1.78 during the same quarter last year, which suggests a positive year-over-year growth rate of 16.9%. The company is expected to announce 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 fiscal year, with EPS estimates ranging from $4.25 to $4.32. For the next fiscal year, analysts anticipate that the business will post earnings of $5.13 per share, with EPS estimates ranging from $4.87 to $5.65. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Burlington Stores.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. Burlington Stores’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share.

Several brokerages have weighed in on BURL. Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Wednesday, January 24th. Cowen restated a “buy” rating and issued a $115.00 target price on shares of Burlington Stores in a research note on Tuesday, November 21st. Telsey Advisory Group raised their target price on shares of Burlington Stores from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. BidaskClub upgraded shares of Burlington Stores from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $115.00 target price (up from $104.00) on shares of Burlington Stores in a research note on Wednesday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $114.49.

In related news, insider Fred Hand sold 6,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $102.50, for a total transaction of $615,000.00. Following the completion of the transaction, the insider now owns 71,810 shares of the company’s stock, valued at $7,360,525. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $98.51, for a total transaction of $1,970,200.00. The disclosure for this sale can be found here. Insiders have sold 87,701 shares of company stock valued at $9,589,154 over the last quarter. Insiders own 2.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Advisor Group Inc. raised its holdings in shares of Burlington Stores by 9.2% during the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after purchasing an additional 128 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Burlington Stores by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after purchasing an additional 210 shares during the last quarter. Suntrust Banks Inc. raised its holdings in shares of Burlington Stores by 4.4% during the second quarter. Suntrust Banks Inc. now owns 5,466 shares of the company’s stock worth $501,000 after purchasing an additional 229 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Burlington Stores by 17.7% in the fourth quarter. Meeder Asset Management Inc. now owns 3,634 shares of the company’s stock valued at $447,000 after buying an additional 547 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Burlington Stores by 6.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 10,499 shares of the company’s stock valued at $1,002,000 after buying an additional 667 shares in the last quarter.

Shares of Burlington Stores (NYSE BURL) traded up $3.09 on Tuesday, reaching $116.89. 1,261,646 shares of the company’s stock traded hands, compared to its average volume of 939,546. The firm has a market capitalization of $7,770.00, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 1.21 and a beta of 0.48. Burlington Stores has a 52 week low of $79.07 and a 52 week high of $128.93. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71.

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

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