Burlington Stores Inc (NYSE:BURL) Expected to Post Earnings of $1.15 Per Share

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Brokerages expect Burlington Stores Inc (NYSE:BURL) to post earnings per share of $1.15 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Burlington Stores’ earnings. The highest EPS estimate is $1.20 and the lowest is $1.12. Burlington Stores also posted earnings per share of $1.15 during the same quarter last year. The company is scheduled to report its next earnings report on Thursday, August 29th.

On average, analysts expect that Burlington Stores will report full-year earnings of $7.00 per share for the current financial year, with EPS estimates ranging from $6.95 to $7.07. For the next fiscal year, analysts anticipate that the business will report earnings of $7.98 per share, with EPS estimates ranging from $7.77 to $8.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Burlington Stores.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. Burlington Stores had a return on equity of 186.11% and a net margin of 6.05%. Burlington Stores’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS.

A number of research firms have recently weighed in on BURL. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. Wells Fargo & Co decreased their target price on Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating for the company in a research note on Friday, June 21st. Wedbush boosted their target price on Wintrust Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Robert W. Baird initiated coverage on Burlington Stores in a research report on Tuesday, May 14th. They set an “outperform” rating and a $200.00 price objective for the company. Finally, Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a research report on Thursday, May 30th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $182.67.

In related news, insider Fred Hand sold 6,486 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $166.21, for a total value of $1,078,038.06. Following the completion of the transaction, the insider now directly owns 62,558 shares in the company, valued at $10,397,765.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $164.35, for a total transaction of $3,287,000.00. The disclosure for this sale can be found here. Insiders sold a total of 75,770 shares of company stock worth $12,312,987 in the last ninety days. 1.86% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Claybrook Capital LLC bought a new position in shares of Burlington Stores during the fourth quarter valued at about $25,000. Shine Investment Advisory Services Inc. increased its stake 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 purchasing an additional 91 shares in the last quarter. Huntington National Bank increased its stake in shares of Burlington Stores by 147.2% during the first quarter. Huntington National Bank now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 131 shares in the last quarter. Bremer Bank National Association bought a new position in shares of Burlington Stores during the first quarter valued at approximately $41,000. Finally, Executive Wealth Management LLC bought a new position in shares of Burlington Stores during the fourth quarter valued at approximately $54,000.

BURL traded up $1.65 during trading on Thursday, hitting $179.35. The company’s stock had a trading volume of 21,321 shares, compared to its average volume of 1,147,253. The company’s 50 day moving average price is $165.86. The company has a quick ratio of 0.26, a current ratio of 0.93 and a debt-to-equity ratio of 11.41. Burlington Stores has a 12 month low of $136.30 and a 12 month high of $180.27. The company has a market capitalization of $11.72 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 1.47 and a beta of 0.27.

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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