Zacks: Analysts Expect Burlington Stores Inc (NYSE:BURL) to Announce $1.15 EPS

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Wall Street brokerages predict that Burlington Stores Inc (NYSE:BURL) will announce earnings of $1.15 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Burlington Stores’ earnings, with estimates ranging from $1.12 to $1.20. Burlington Stores also posted earnings of $1.15 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, August 29th.

On average, analysts expect that Burlington Stores will report full-year earnings of $7.01 per share for the current financial year, with EPS estimates ranging from $6.95 to $7.07. For the next financial year, analysts anticipate that the business will post earnings of $7.98 per share, with EPS estimates ranging from $7.77 to $8.09. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover 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, meeting analysts’ consensus estimates 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 firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS.

Several brokerages have recently issued reports on BURL. Guggenheim restated a “hold” rating on shares of Burlington Stores in a research report on Thursday, May 30th. Wells Fargo & Co upped their price objective on Burlington Stores from $178.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, June 21st. Credit Suisse Group upped their price objective on Burlington Stores from $175.00 to $185.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 24th. OTR Global downgraded Burlington Stores to a “positive” rating in a research report on Friday, August 9th. Finally, Loop Capital upped their price objective on Burlington Stores to $200.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $182.67.

In other Burlington Stores news, insider Fred Hand sold 6,486 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $166.21, for a total transaction of $1,078,038.06. Following the completion of the sale, the insider now directly owns 62,558 shares in the company, valued at $10,397,765.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $165.16, for a total value of $3,303,200.00. Following the sale, the chief executive officer now owns 309,483 shares of the company’s stock, valued at $51,114,212.28. The disclosure for this sale can be found here. Insiders have sold 39,458 shares of company stock valued at $6,630,907 over the last 90 days. 1.86% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of BURL. Bremer Bank National Association bought a new position in Burlington Stores during the 1st quarter worth approximately $41,000. Steward Partners Investment Advisory LLC acquired a new stake in Burlington Stores in the 2nd quarter valued at approximately $41,000. Massmutual Trust Co. FSB ADV increased its position in Burlington Stores by 187.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 250 shares of the company’s stock valued at $43,000 after acquiring an additional 163 shares during the period. Hilton Capital Management LLC acquired a new stake in Burlington Stores in the 1st quarter valued at approximately $68,000. Finally, Atria Investments LLC acquired a new stake in Burlington Stores in the 2nd quarter valued at approximately $75,000.

BURL traded up $3.51 during trading on Friday, reaching $172.13. 805,700 shares of the stock were exchanged, compared to its average volume of 811,423. The business’s 50 day moving average price is $176.30 and its two-hundred day moving average price is $165.31. The company has a debt-to-equity ratio of 11.41, a current ratio of 0.93 and a quick ratio of 0.26. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 1.42 and a beta of 0.27. Burlington Stores has a 1 year low of $136.30 and a 1 year high of $184.82.

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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