Brokerages expect that Burlington Stores Inc (NYSE:BURL) will report $0.96 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Burlington Stores’ earnings. The highest EPS estimate is $0.97 and the lowest is $0.94. Burlington Stores reported earnings per share of $0.72 during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The business is scheduled to report its next earnings report before the market opens on Thursday, August 23rd.

On average, analysts expect that Burlington Stores will report full year earnings of $6.04 per share for the current year, with EPS estimates ranging from $5.96 to $6.13. For the next fiscal year, analysts anticipate that the business will report earnings of $7.01 per share, with EPS estimates ranging from $6.30 to $7.40. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Burlington Stores.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, May 31st. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.17. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Burlington Stores had a negative return on equity of 16,096.86% and a net margin of 6.61%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share.

Several brokerages have issued reports on BURL. Guggenheim reissued a “hold” rating on shares of Burlington Stores in a research report on Tuesday, July 3rd. UBS Group began coverage on Burlington Stores in a research report on Thursday, June 21st. They issued a “sell” rating and a $135.00 target price on the stock. Wedbush started coverage on Burlington Stores in a research report on Friday, June 22nd. They issued an “outperform” rating and a $175.00 target price on the stock. Deutsche Bank lifted their price objective on Burlington Stores from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Monday. Finally, Zacks Investment Research cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Friday, June 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $155.18.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $156.27, for a total value of $3,125,400.00. Following the transaction, the chief executive officer now directly owns 303,730 shares of the company’s stock, valued at approximately $47,463,887.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John Crimmins sold 7,700 shares of the business’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $150.72, for a total value of $1,160,544.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,262 shares of company stock worth $14,320,076. Insiders own 1.91% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Claraphi Advisory Network LLC bought a new stake in Burlington Stores in the 1st quarter worth approximately $213,000. King Luther Capital Management Corp bought a new stake in Burlington Stores in the 1st quarter worth approximately $215,000. First Republic Investment Management Inc. bought a new stake in Burlington Stores in the 2nd quarter worth approximately $219,000. Zacks Investment Management bought a new stake in Burlington Stores in the 2nd quarter worth approximately $220,000. Finally, First National Bank of Omaha bought a new stake in Burlington Stores in the 1st quarter worth approximately $228,000.

NYSE:BURL traded up $1.65 on Wednesday, hitting $166.64. The stock had a trading volume of 23,592 shares, compared to its average volume of 891,608. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 1.46 and a beta of 0.42. The company has a debt-to-equity ratio of 10.09, a quick ratio of 0.29 and a current ratio of 1.01. Burlington Stores has a 52-week low of $82.65 and a 52-week high of $166.46.

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.

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

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