Wall Street brokerages expect Burlington Stores Inc (NYSE:BURL) to announce sales of $1.61 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Burlington Stores’ earnings. Burlington Stores posted sales of $1.44 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 11.8%. The company is expected to issue its next quarterly earnings report on Tuesday, November 20th.

On average, analysts expect that Burlington Stores will report full-year sales of $6.66 billion for the current financial year, with estimates ranging from $6.62 billion to $6.73 billion. For the next financial year, analysts forecast that the firm will post sales of $7.26 billion per share, with estimates ranging from $7.13 billion to $7.41 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Burlington Stores.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 30th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.19. Burlington Stores had a net margin of 6.85% and a return on equity of 606.69%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business earned $0.72 earnings per share. Burlington Stores’s quarterly revenue was up 9.9% on a year-over-year basis.

BURL has been the subject of a number of recent research reports. Cowen boosted their price target on shares of Burlington Stores from $175.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. SunTrust Banks boosted their price target on shares of Burlington Stores to $189.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Barclays initiated coverage on shares of Burlington Stores in a research note on Tuesday, September 11th. They set an “overweight” rating and a $194.00 price target for the company. Goldman Sachs Group initiated coverage on shares of Burlington Stores in a research note on Monday, September 3rd. They set a “neutral” rating and a $179.00 price target for the company. Finally, Citigroup boosted their price target on shares of Burlington Stores from $147.00 to $158.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $171.05.

Shares of BURL traded up $0.71 on Thursday, reaching $158.77. 1,112,382 shares of the company’s stock were exchanged, compared to its average volume of 967,360. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.05 and a quick ratio of 0.29. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 1.27 and a beta of 0.45. Burlington Stores has a 12 month low of $87.20 and a 12 month high of $175.48.

In related news, VP John Crimmins sold 2,200 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $173.55, for a total transaction of $381,810.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Fred Hand sold 4,071 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $172.42, for a total transaction of $701,921.82. Following the transaction, the insider now owns 68,203 shares of the company’s stock, valued at approximately $11,759,561.26. The disclosure for this sale can be found here. Insiders have sold 81,271 shares of company stock valued at $13,116,332 in the last three months. 1.91% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its stake in Burlington Stores by 39.7% in the second quarter. FMR LLC now owns 3,445,692 shares of the company’s stock valued at $518,680,000 after acquiring an additional 979,815 shares during the last quarter. BlackRock Inc. lifted its stake in Burlington Stores by 6.8% in the second quarter. BlackRock Inc. now owns 3,135,632 shares of the company’s stock valued at $472,007,000 after acquiring an additional 199,902 shares during the last quarter. Carillon Tower Advisers Inc. lifted its stake in Burlington Stores by 8.6% in the first quarter. Carillon Tower Advisers Inc. now owns 1,080,259 shares of the company’s stock valued at $144,112,000 after acquiring an additional 85,948 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Burlington Stores by 1,187.5% in the second quarter. Renaissance Technologies LLC now owns 875,500 shares of the company’s stock valued at $131,789,000 after acquiring an additional 807,500 shares during the last quarter. Finally, KAMES CAPITAL plc lifted its stake in Burlington Stores by 4.8% in the second quarter. KAMES CAPITAL plc now owns 851,848 shares of the company’s stock valued at $128,274,000 after acquiring an additional 39,190 shares during 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, 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.

See Also: Momentum Indicator: Relative Strength Index

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.