Burlington Stores (NYSE:BURL) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 28th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Burlington Stores has set its Q3 guidance at $1.00-1.04 EPS and its FY19 guidance at $6.13-6.20 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 30th. The company reported $1.15 earnings per share for the quarter, beating the 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 firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts expect Burlington Stores to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
BURL opened at $149.69 on Tuesday. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.05 and a quick ratio of 0.29. Burlington Stores has a twelve month low of $101.40 and a twelve month high of $180.27. The company has a market cap of $10.02 billion, a PE ratio of 34.25, a P/E/G ratio of 1.15 and a beta of 0.37.
BURL has been the subject of several recent research reports. Zacks Investment Research lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. MKM Partners set a $174.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a research report on Friday, August 31st. Bank of America boosted their target price on shares of Burlington Stores from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 14th. Loop Capital set a $180.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Deutsche Bank boosted their target price on shares of Burlington Stores from $175.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $176.75.
In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $172.65, for a total value of $3,453,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marc Katz sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $172.46, for a total transaction of $1,293,450.00. Following the completion of the transaction, the chief financial officer now owns 115,423 shares of the company’s stock, valued at $19,905,850.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,413 shares of company stock valued at $17,274,120. Company insiders own 1.91% of the company’s stock.
About Burlington Stores
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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