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

Analysts expect Burlington Stores Inc (NYSE:BURL) to report earnings of $1.15 per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Burlington Stores’ earnings, with the highest EPS estimate coming in at $1.20 and the lowest estimate coming in at $1.12. Burlington Stores also posted earnings per share of $1.15 in the same quarter last year. The company is scheduled to issue its next earnings report before the market opens on Thursday, August 29th.

According to Zacks, analysts expect that Burlington Stores will report full-year earnings of $7.01 per share for the current fiscal 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 averages are a mean average based on a survey of research analysts that follow Burlington Stores.

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

A number of equities analysts have issued reports on BURL shares. Guggenheim reissued a “hold” rating on shares of Burlington Stores in a research report on Thursday, May 30th. ValuEngine lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird started coverage on shares of Burlington Stores in a research report on Tuesday, May 14th. They set an “outperform” rating and a $200.00 price target for the company. Wells Fargo & Co raised their price target on shares of Burlington Stores from $178.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Finally, OTR Global lowered shares of Burlington Stores to a “positive” rating in a research report on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $182.24.

BURL traded down $3.40 during trading on Friday, reaching $173.96. 1,102,120 shares of the company’s stock were exchanged, compared to its average volume of 885,951. Burlington Stores has a 1 year low of $136.30 and a 1 year high of $184.82. 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 stock has a market capitalization of $11.77 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 1.49 and a beta of 0.27. The company’s fifty day simple moving average is $176.45 and its 200-day simple moving average is $165.42.

In other news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $165.16, for a total transaction of $3,303,200.00. Following the sale, the chief executive officer now owns 309,483 shares of the company’s stock, valued at approximately $51,114,212.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fred Hand sold 6,486 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 62,558 shares in the company, valued at approximately $10,397,765.18. The disclosure for this sale can be found here. Insiders have sold a total of 39,458 shares of company stock worth $6,630,907 in the last ninety days. Corporate insiders own 1.86% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in Burlington Stores by 10.8% in the 2nd quarter. BlackRock Inc. now owns 5,161,216 shares of the company’s stock valued at $878,183,000 after purchasing an additional 501,582 shares in the last quarter. Natixis purchased a new position in Burlington Stores in the 2nd quarter valued at $19,428,000. Primecap Management Co. CA lifted its holdings in Burlington Stores by 10.8% in the 2nd quarter. Primecap Management Co. CA now owns 36,900 shares of the company’s stock valued at $6,279,000 after purchasing an additional 3,600 shares in the last quarter. Steadfast Capital Management LP lifted its holdings in Burlington Stores by 28.8% in the 2nd quarter. Steadfast Capital Management LP now owns 882,168 shares of the company’s stock valued at $150,101,000 after purchasing an additional 197,274 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Burlington Stores by 143.1% in the 2nd quarter. UBS Group AG now owns 58,513 shares of the company’s stock valued at $9,956,000 after purchasing an additional 34,443 shares in the last quarter.

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.

Recommended Story: How to find the components of the quick ratio

Get a free copy of the Zacks research report on Burlington Stores (BURL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Burlington Stores (NYSE:BURL)

Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.