Wall Street brokerages expect Burlington (NYSE:BURL) to post $1.49 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Burlington’s earnings, with estimates ranging from $1.48 billion to $1.50 billion. Burlington reported sales of $1.35 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 10.4%. The company is scheduled to announce its next earnings report on Thursday, May 24th.
According to Zacks, analysts expect that Burlington will report full-year sales of $6.60 billion for the current year, with estimates ranging from $6.51 billion to $6.70 billion. For the next financial year, analysts forecast that the business will post sales of $7.16 billion per share, with estimates ranging from $6.86 billion to $7.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Burlington.
Burlington (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 8th. The company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.08. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.89 billion. Burlington had a negative return on equity of 754.89% and a net margin of 6.31%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 earnings per share.
Several analysts recently issued reports on BURL shares. Zacks Investment Research lowered Burlington from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Wells Fargo set a $143.00 price target on Burlington and gave the stock a “buy” rating in a research report on Thursday, January 11th. Loop Capital began coverage on Burlington in a research report on Thursday, March 8th. They set a “buy” rating and a $150.00 price target on the stock. Cowen set a $136.00 target price on Burlington and gave the company a “buy” rating in a research report on Thursday, March 8th. Finally, SunTrust Banks set a $145.00 target price on Burlington and gave the company a “buy” rating in a research report on Thursday, March 8th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Burlington currently has a consensus rating of “Buy” and an average target price of $133.88.
Shares of Burlington stock traded down $3.00 during trading on Tuesday, reaching $133.26. The stock had a trading volume of 1,007,260 shares, compared to its average volume of 771,389. The firm has a market cap of $9,094.73, a price-to-earnings ratio of 30.49, a price-to-earnings-growth ratio of 1.24 and a beta of 0.42. Burlington has a 52 week low of $79.07 and a 52 week high of $140.34. The company has a debt-to-equity ratio of 12.84, a current ratio of 0.98 and a quick ratio of 0.31.
In other news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $137.13, for a total value of $2,742,600.00. Following the completion of the transaction, the chief executive officer now directly owns 355,273 shares in the company, valued at approximately $48,718,586.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joyce Manning Magrini sold 2,400 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $122.16, for a total value of $293,184.00. Following the completion of the transaction, the insider now owns 38,214 shares of the company’s stock, valued at $4,668,222.24. The disclosure for this sale can be found here. Insiders sold a total of 67,400 shares of company stock valued at $8,558,509 over the last quarter. 1.91% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Focused Wealth Management Inc bought a new position in shares of Burlington in the 4th quarter valued at $101,000. YorkBridge Wealth Partners LLC bought a new position in Burlington during the 4th quarter worth $106,000. Captrust Financial Advisors acquired a new stake in Burlington during the 4th quarter worth about $110,000. American International Group Inc. acquired a new stake in Burlington during the 4th quarter worth about $191,000. Finally, OLD National Bancorp IN acquired a new stake in Burlington during the 4th quarter worth about $225,000.
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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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.
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