Burlington Stores, Inc. (NYSE:BURL) is set to announce its earnings results before the market opens on Tuesday, November 21st. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Burlington Stores has set its Q3 guidance at $0.58-0.61 EPS.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.22. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect Burlington Stores to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Burlington Stores, Inc. (NYSE BURL) opened at $104.73 on Friday. Burlington Stores, Inc. has a 12-month low of $74.01 and a 12-month high of $104.84. The company has a debt-to-equity ratio of -13.31, a current ratio of 1.03 and a quick ratio of 0.24. The stock has a market cap of $7,550.00, a P/E ratio of 26.10, a PEG ratio of 1.32 and a beta of 0.51.
Burlington Stores declared that its Board of Directors has approved a stock repurchase plan on Thursday, August 24th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
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In other news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $87.81, for a total value of $1,756,200.00. Following the completion of the sale, the chief executive officer now directly owns 495,308 shares in the company, valued at approximately $43,492,995.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul Sullivan sold 1,722 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $88.46, for a total transaction of $152,328.12. Following the completion of the sale, the director now owns 3,441 shares of the company’s stock, valued at $304,390.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,922 shares of company stock valued at $8,052,750. Company insiders own 2.60% of the company’s stock.
Several brokerages recently commented on BURL. Cowen and Company reaffirmed a “buy” rating and set a $110.00 price objective on shares of Burlington Stores in a research note on Friday, November 10th. Zacks Investment Research cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. TheStreet raised shares of Burlington Stores from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Deutsche Bank AG began coverage on shares of Burlington Stores in a research note on Thursday, September 14th. They set a “buy” rating and a $108.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $115.00 price objective on shares of Burlington Stores in a research note on Wednesday, September 13th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $105.96.
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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