Brokerages Expect Burlington Stores Inc (BURL) Will Announce Quarterly Sales of $1.88 Billion

Wall Street analysts expect Burlington Stores Inc (NYSE:BURL) to report $1.88 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Burlington Stores’ earnings, with estimates ranging from $1.86 billion to $1.90 billion. Burlington Stores posted sales of $1.69 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.2%. The firm is scheduled to report its next quarterly earnings results on Thursday, March 1st.

On average, analysts expect that Burlington Stores will report full-year sales of $1.88 billion for the current fiscal 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 averages are a mean average based on a survey of sell-side research analysts that follow Burlington Stores.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, topping 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business posted $0.51 EPS. Burlington Stores’s quarterly revenue was up 7.1% on a year-over-year basis.

Several analysts recently issued reports on BURL shares. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a report on Wednesday, January 24th. Wells Fargo & Co set a $143.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a report on Thursday, January 11th. Cowen set a $132.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a report on Monday, December 11th. BMO Capital Markets set a $120.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Finally, Morgan Stanley upped their price objective on shares of Burlington Stores from $107.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Burlington Stores currently has an average rating of “Buy” and a consensus price target of $114.49.

Burlington Stores (NYSE:BURL) opened at $117.39 on Thursday. Burlington Stores has a 12 month low of $79.07 and a 12 month high of $128.93. The company has a market cap of $7,766.61, a price-to-earnings ratio of 30.81, a PEG ratio of 1.19 and a beta of 0.48. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02.

In other news, insider Fred Hand sold 6,000 shares of the firm’s stock in a transaction dated 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 directly owns 71,810 shares of the company’s stock, valued at approximately $7,360,525. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.98, for a total transaction of $295,152.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,701 shares of company stock valued at $9,589,154. Insiders own 2.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in shares of Burlington Stores by 9.2% during the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after acquiring an additional 128 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Burlington Stores by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after acquiring an additional 210 shares during the period. Suntrust Banks Inc. lifted its holdings in shares of Burlington Stores by 4.4% during the 2nd quarter. Suntrust Banks Inc. now owns 5,466 shares of the company’s stock worth $501,000 after acquiring an additional 229 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Burlington Stores by 17.7% during the 4th quarter. Meeder Asset Management Inc. now owns 3,634 shares of the company’s stock worth $447,000 after acquiring an additional 547 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Burlington Stores by 6.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 10,499 shares of the company’s stock worth $1,002,000 after acquiring an additional 667 shares during the period.

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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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