Wall Street brokerages expect that Burlington Stores Inc (NYSE:BURL) will report earnings per share (EPS) of $0.96 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Burlington Stores’ earnings. The lowest EPS estimate is $0.94 and the highest is $0.97. Burlington Stores reported earnings per share of $0.72 in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The company is expected to announce its next earnings results on Thursday, August 23rd.

According to Zacks, analysts expect that Burlington Stores will report full-year earnings of $6.03 per share for the current financial year, with EPS estimates ranging from $5.96 to $6.13. For the next fiscal year, analysts expect that the business will post earnings of $6.96 per share, with EPS estimates ranging from $6.30 to $7.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Burlington Stores.

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

Several equities analysts recently issued reports on the company. UBS Group assumed coverage on Burlington Stores in a research report on Thursday. They set a “sell” rating and a $135.00 price target on the stock. Wedbush assumed coverage on Burlington Stores in a research report on Friday. They set an “outperform” rating and a $175.00 price target on the stock. Zacks Investment Research lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Friday. Loop Capital set a $156.00 price target on Burlington Stores and gave the stock a “buy” rating in a research report on Thursday, May 31st. Finally, Buckingham Research raised their price target on Burlington Stores from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, June 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $150.06.

Burlington Stores traded down $2.68, hitting $149.51, on Friday, according to MarketBeat. 1,815,341 shares of the company were exchanged, compared to its average volume of 1,217,369. The company has a debt-to-equity ratio of 10.09, a current ratio of 1.01 and a quick ratio of 0.29. Burlington Stores has a 12 month low of $79.07 and a 12 month high of $158.23. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 1.40 and a beta of 0.44.

In other news, insider Joyce Manning Magrini sold 2,500 shares of Burlington Stores stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $133.45, for a total value of $333,625.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $137.13, for a total value of $2,742,600.00. Following the completion of the sale, the chief executive officer now owns 355,273 shares in the company, valued at $48,718,586.49. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,262 shares of company stock worth $10,790,126. Corporate insiders own 1.91% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Focused Wealth Management Inc purchased a new position in shares of Burlington Stores in the 4th quarter valued at approximately $101,000. YorkBridge Wealth Partners LLC purchased a new position in shares of Burlington Stores in the 4th quarter valued at approximately $106,000. Captrust Financial Advisors purchased a new position in shares of Burlington Stores in the 4th quarter valued at approximately $110,000. American International Group Inc. purchased a new position in shares of Burlington Stores in the 4th quarter valued at approximately $191,000. Finally, Claraphi Advisory Network LLC purchased a new position in shares of Burlington Stores in the 1st quarter valued at approximately $213,000.

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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