Burlington Stores Inc (NYSE:BURL) Expected to Announce Quarterly Sales of $1.63 Billion

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Brokerages expect Burlington Stores Inc (NYSE:BURL) to report sales of $1.63 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Burlington Stores’ earnings, with estimates ranging from $1.62 billion to $1.64 billion. Burlington Stores posted sales of $1.50 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 29th.

According to Zacks, analysts expect that Burlington Stores will report full year sales of $7.24 billion for the current year, with estimates ranging from $7.20 billion to $7.28 billion. For the next year, analysts expect that the business will report sales of $7.86 billion, with estimates ranging from $7.81 billion to $7.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Burlington Stores.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.26 earnings per share for the quarter, meeting the 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%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS.

BURL has been the topic of a number of analyst reports. Wedbush increased their price target on Wintrust Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Loop Capital increased their target price on Burlington Stores to $200.00 and gave the stock a “buy” rating in a report on Monday, May 6th. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Guggenheim restated a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. Finally, Wells Fargo & Co decreased their price objective on Sprouts Farmers Market from $23.00 to $20.00 and set a “positive” rating for the company in a report on Friday, June 21st. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $182.67.

NYSE BURL traded up $1.65 during trading hours on Friday, reaching $179.35. 21,321 shares of the company’s stock were exchanged, compared to its average volume of 1,147,253. The company has a market cap of $11.72 billion, a PE ratio of 27.90, a PEG ratio of 1.47 and a beta of 0.27. The company has a debt-to-equity ratio of 11.41, a quick ratio of 0.26 and a current ratio of 0.93. The business’s fifty day simple moving average is $165.86. Burlington Stores has a one year low of $136.30 and a one year high of $180.27.

In other Burlington Stores news, insider Jennifer Vecchio sold 800 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $168.90, for a total value of $135,120.00. Following the sale, the insider now owns 42,168 shares of the company’s stock, valued at approximately $7,122,175.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joyce Manning Magrini sold 22,000 shares of Burlington Stores stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $158.54, for a total transaction of $3,487,880.00. Following the sale, the executive vice president now directly owns 29,610 shares in the company, valued at approximately $4,694,369.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,770 shares of company stock worth $12,312,987. Corporate insiders own 1.86% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Claybrook Capital LLC purchased a new position in Burlington Stores in the fourth quarter worth about $25,000. Shine Investment Advisory Services Inc. raised its holdings 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 during the last quarter. Huntington National Bank grew its position in 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 buying an additional 131 shares during the period. Bremer Bank National Association bought a new stake in Burlington Stores during the first quarter valued at approximately $41,000. Finally, Executive Wealth Management LLC bought a new stake in Burlington Stores during the fourth quarter valued at approximately $54,000.

Burlington Stores Company Profile

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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