Burlington Stores (BURL) to Release Quarterly Earnings on Tuesday

Burlington Stores (NYSE:BURL) will be issuing its quarterly earnings data before the market opens on Tuesday, November 26th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. On average, analysts expect Burlington Stores to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Burlington Stores Price Performance

BURL opened at $271.80 on Tuesday. Burlington Stores has a 12-month low of $133.09 and a 12-month high of $282.49. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The business’s fifty day simple moving average is $260.98 and its 200-day simple moving average is $245.57. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 1.37 and a beta of 1.64.

Analysts Set New Price Targets

BURL has been the topic of a number of recent research reports. Loop Capital increased their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Monday, August 19th. TD Cowen increased their price target on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays increased their price target on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group raised their price objective on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $297.56.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.