Brokerages forecast that Burlington Stores, Inc. (NYSE:BURL) will post $2.08 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Burlington Stores’ earnings, with the lowest EPS estimate coming in at $2.05 and the highest estimate coming in at $2.12. Burlington Stores reported earnings of $1.78 per share in the same quarter last year, which would indicate a positive year over year growth rate of 16.9%. The company is expected to issue its next earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Burlington Stores will report full-year earnings of $4.28 per share for the current year, with EPS estimates ranging from $4.25 to $4.32. For the next financial year, analysts expect that the firm will post earnings of $4.86 per share, with EPS estimates ranging from $4.75 to $5.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Burlington Stores.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.05. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. Burlington Stores’s quarterly revenue was up 7.1% compared to the same quarter last year.

Several equities research analysts recently issued reports on BURL shares. Deutsche Bank started coverage on shares of Burlington Stores in a research note on Thursday, September 14th. They issued a “buy” rating and a $108.00 price objective for the company. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Wednesday, November 1st. Cowen reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 21st. Buckingham Research reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Burlington Stores in a research note on Thursday, October 19th. Finally, TheStreet raised shares of Burlington Stores from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Burlington Stores has an average rating of “Buy” and an average price target of $110.49.

In related news, EVP Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $107.75, for a total value of $258,600.00. Following the sale, the executive vice president now owns 45,014 shares of the company’s stock, valued at $4,850,258.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $92.29, for a total transaction of $1,845,800.00. The disclosure for this sale can be found here. Insiders have sold 87,701 shares of company stock valued at $8,870,690 in the last ninety days. 2.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. lifted its holdings in Burlington Stores by 1.1% in the second quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock valued at $350,000 after buying an additional 40 shares during the period. Teacher Retirement System of Texas increased its position in shares of Burlington Stores by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock worth $517,000 after acquiring an additional 41 shares in the last quarter. Advisor Group Inc. increased its position in shares of Burlington Stores by 9.2% during the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after acquiring an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Burlington Stores by 6.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock worth $283,000 after acquiring an additional 191 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Burlington Stores by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after acquiring an additional 210 shares in the last quarter.

Burlington Stores (BURL) opened at $111.55 on Monday. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. Burlington Stores has a fifty-two week low of $79.07 and a fifty-two week high of $114.99. The company has a market cap of $7,613.06, a price-to-earnings ratio of 28.38, a PEG ratio of 1.49 and a beta of 0.56.

Burlington Stores declared that its Board of Directors has approved a share buyback plan on Thursday, August 24th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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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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