Equities research analysts expect that Burlington Stores Inc (NYSE:BURL) will report sales of $1.50 billion for the current quarter, Zacks reports. Two analysts have made estimates for Burlington Stores’ earnings. Burlington Stores posted sales of $1.35 billion in the same quarter last year, which suggests a positive year over year growth rate of 11.1%. The firm is expected to report its next earnings report on Thursday, May 24th.
According to Zacks, analysts expect that Burlington Stores will report full year sales of $1.50 billion for the current fiscal year, with estimates ranging from $6.51 billion to $6.70 billion. For the next fiscal year, analysts forecast that the business will post sales of $7.11 billion per share, with estimates ranging from $6.67 billion to $7.30 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Burlington Stores.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 8th. The company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.09 by $0.08. Burlington Stores had a net margin of 6.31% and a negative return on equity of 367.54%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis.
Burlington Stores (NYSE BURL) opened at $127.09 on Wednesday. Burlington Stores has a 1 year low of $79.07 and a 1 year high of $128.93. The company has a market cap of $8,567.84, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.17 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 related news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $117.91, for a total value of $2,358,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction on 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. In the last three months, insiders sold 44,800 shares of company stock worth $5,377,336. 2.60% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of BURL. Carillon Tower Advisers Inc. bought a new stake in Burlington Stores during the fourth quarter valued at $122,030,000. Congress Asset Management Co. MA bought a new stake in Burlington Stores during the fourth quarter valued at $87,410,000. Standard Life Aberdeen plc boosted its position in Burlington Stores by 662.1% during the fourth quarter. Standard Life Aberdeen plc now owns 679,165 shares of the company’s stock valued at $83,561,000 after acquiring an additional 590,048 shares during the last quarter. American Century Companies Inc. boosted its position in Burlington Stores by 50.6% during the fourth quarter. American Century Companies Inc. now owns 1,297,602 shares of the company’s stock valued at $159,644,000 after acquiring an additional 435,831 shares during the last quarter. Finally, Systematic Financial Management LP boosted its position in Burlington Stores by 318.6% during the third quarter. Systematic Financial Management LP now owns 359,334 shares of the company’s stock valued at $34,302,000 after acquiring an additional 273,492 shares during the last quarter.
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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