Brokerages expect that Burlington (NYSE:BURL) will announce earnings of $1.08 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Burlington’s earnings. The highest EPS estimate is $1.10 and the lowest is $1.06. Burlington reported earnings per share of $0.73 in the same quarter last year, which suggests a positive year-over-year growth rate of 47.9%. The firm is expected to announce its next quarterly earnings results on Thursday, May 24th.
According to Zacks, analysts expect that Burlington will report full-year earnings of $5.76 per share for the current year, with EPS estimates ranging from $5.10 to $5.90. For the next year, analysts anticipate that the firm will report earnings of $6.74 per share, with EPS estimates ranging from $6.50 to $6.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Burlington.
Burlington (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.08. Burlington had a negative return on equity of 754.89% and a net margin of 6.31%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the business earned $1.78 earnings per share. Burlington’s revenue for the quarter was up 14.9% compared to the same quarter last year.
BURL has been the subject of several research reports. Credit Suisse Group initiated coverage on Burlington in a research report on Monday, March 12th. They issued an “outperform” rating and a $146.00 target price for the company. Buckingham Research reaffirmed a “buy” rating and issued a $150.00 target price (up from $143.00) on shares of Burlington in a research report on Friday, March 9th. Wolfe Research reaffirmed an “outperform” rating and issued a $146.00 target price (up from $139.00) on shares of Burlington in a research report on Friday, March 9th. Wells Fargo set a $143.00 target price on Burlington and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, SunTrust Banks set a $145.00 price objective on Burlington and gave the company a “buy” rating in a report on Thursday, March 8th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $132.19.
BURL stock traded down $1.46 during midday trading on Friday, hitting $134.80. The stock had a trading volume of 90,262 shares, compared to its average volume of 933,586. The stock has a market cap of $9,350.64, a P/E ratio of 31.18, a price-to-earnings-growth ratio of 1.28 and a beta of 0.42. Burlington has a 52 week low of $79.07 and a 52 week high of $140.34. The company has a debt-to-equity ratio of 12.84, a current ratio of 0.98 and a quick ratio of 0.31.
In related news, CEO Thomas Kingsbury sold 20,000 shares of Burlington stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $125.84, for a total value of $2,516,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joyce Manning Magrini sold 2,400 shares of Burlington stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $122.16, for a total value of $293,184.00. Following the completion of the sale, the insider now owns 38,214 shares of the company’s stock, valued at $4,668,222.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,400 shares of company stock valued at $8,558,509. 1.91% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Amalgamated Bank increased its position in Burlington by 4.1% in the fourth quarter. Amalgamated Bank now owns 13,340 shares of the company’s stock worth $1,641,000 after purchasing an additional 523 shares during the period. Meeder Asset Management Inc. increased its position in Burlington by 17.7% in the fourth quarter. Meeder Asset Management Inc. now owns 3,634 shares of the company’s stock worth $447,000 after purchasing an additional 547 shares during the period. LPL Financial LLC increased its position in Burlington by 9.7% in the fourth quarter. LPL Financial LLC now owns 8,669 shares of the company’s stock worth $1,066,000 after purchasing an additional 767 shares during the period. Swiss National Bank increased its position in Burlington by 0.7% in the fourth quarter. Swiss National Bank now owns 117,500 shares of the company’s stock worth $14,456,000 after purchasing an additional 800 shares during the period. Finally, Focused Wealth Management Inc acquired a new stake in Burlington in the fourth quarter worth about $101,000.
Burlington Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including ladies sportswear, menswear, youth apparel, baby furniture, footwear, accessories, home décor and gifts, and coats. It operates 629 stores, including an Internet store in 45 states and Puerto Rico.
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