Burlington Stores (BURL) Set to Announce Quarterly Earnings on Wednesday

Burlington Stores (NYSE:BURL) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $2.08 per share for the quarter. Burlington Stores has set its Q4 guidance at $2.02-2.06 EPS.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. The business 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. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts expect Burlington Stores to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of Burlington Stores (BURL) opened at $118.61 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. Burlington Stores has a one year low of $79.07 and a one year high of $128.93. The company has a market cap of $8,090.00, a price-to-earnings ratio of 31.13, a PEG ratio of 1.22 and a beta of 0.48.

In other news, insider Fred Hand sold 6,000 shares of Burlington Stores stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $102.50, for a total value of $615,000.00. Following the sale, the insider now owns 71,810 shares in the company, valued at $7,360,525. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $122.98, for a total transaction of $295,152.00. The disclosure for this sale can be found here. Insiders sold 67,701 shares of company stock valued at $7,618,954 in the last ninety days. 2.60% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on BURL shares. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Wednesday, November 1st. Cowen set a $132.00 target price on shares of Burlington Stores and gave the stock a “buy” rating in a report on Monday, December 11th. Buckingham Research reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Burlington Stores in a report on Thursday, October 19th. TheStreet raised shares of Burlington Stores from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Finally, Telsey Advisory Group lifted their price objective on shares of Burlington Stores from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $114.95.

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About Burlington Stores

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.

Earnings History for Burlington Stores (NYSE:BURL)

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