Burlington Stores Inc (BURL) Expected to Post Quarterly Sales of $1.62 Billion

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Wall Street brokerages predict that Burlington Stores Inc (NYSE:BURL) will report sales of $1.62 billion for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Burlington Stores’ earnings. The highest sales estimate is $1.64 billion and the lowest is $1.62 billion. Burlington Stores posted sales of $1.52 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The company is scheduled to report its next earnings results before the market opens on Thursday, May 30th.

According to Zacks, analysts expect that Burlington Stores will report full-year sales of $7.25 billion for the current fiscal year, with estimates ranging from $7.20 billion to $7.30 billion. For the next financial year, analysts anticipate that the firm will post sales of $7.84 billion, with estimates ranging from $7.77 billion to $7.92 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Burlington Stores.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.77 by $0.06. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $3.59 earnings per share.

BURL has been the topic of a number of research reports. Deutsche Bank increased their price objective on shares of Burlington Stores from $164.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wedbush dropped their price target on shares of Burlington Stores from $160.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, March 8th. Zacks Investment Research lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, February 26th. ValuEngine lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, Cowen set a $165.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Burlington Stores has a consensus rating of “Buy” and a consensus target price of $179.79.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $143.19, for a total transaction of $2,863,800.00. Following the transaction, the chief executive officer now directly owns 306,458 shares of the company’s stock, valued at $43,881,721.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jennifer Vecchio sold 800 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $169.75, for a total transaction of $135,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,015 shares of company stock worth $16,733,335. Insiders own 1.86% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BURL. Mackenzie Financial Corp raised its stake in Burlington Stores by 2.9% during the fourth quarter. Mackenzie Financial Corp now owns 2,939 shares of the company’s stock worth $478,000 after purchasing an additional 82 shares during the period. Emerald Advisers LLC increased its position in shares of Burlington Stores by 0.7% during the first quarter. Emerald Advisers LLC now owns 13,444 shares of the company’s stock valued at $2,106,000 after acquiring an additional 87 shares during the last quarter. Shine Investment Advisory Services Inc. increased its position in shares of Burlington Stores by 101.1% during the first quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock valued at $28,000 after acquiring an additional 91 shares during the last quarter. Heritage Investors Management Corp increased its position in shares of Burlington Stores by 0.3% during the fourth quarter. Heritage Investors Management Corp now owns 36,443 shares of the company’s stock valued at $5,928,000 after acquiring an additional 92 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Burlington Stores by 2.0% during the first quarter. HighTower Advisors LLC now owns 4,637 shares of the company’s stock valued at $726,000 after acquiring an additional 92 shares during the last quarter.

Shares of NYSE BURL traded down $1.20 during midday trading on Tuesday, reaching $154.34. The company had a trading volume of 896,485 shares, compared to its average volume of 1,202,661. The stock has a market cap of $10.25 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.38 and a beta of 0.16. Burlington Stores has a 1 year low of $134.59 and a 1 year high of $180.27. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 3.05.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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