Wall Street brokerages expect Burlington (NYSE:BURL) to report earnings of $1.09 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Burlington’s earnings, with the lowest EPS estimate coming in at $1.06 and the highest estimate coming in at $1.11. Burlington posted earnings of $0.73 per share in the same quarter last year, which indicates a positive year over year growth rate of 49.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, May 24th.
According to Zacks, analysts expect that Burlington will report full year earnings of $5.78 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.95. For the next financial year, analysts forecast that the firm will report earnings of $6.79 per share, with EPS estimates ranging from $6.50 to $6.93. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Burlington.
Burlington (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 8th. The company reported $2.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.08. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.89 billion. Burlington had a negative return on equity of 754.89% and a net margin of 6.31%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 earnings per share.
A number of research firms have recently weighed in on BURL. Telsey Advisory Group reissued an “outperform” rating and issued a $150.00 price target (up from $146.00) on shares of Burlington in a report on Wednesday, April 18th. Zacks Investment Research downgraded Burlington from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. OTR Global initiated coverage on Burlington in a research report on Tuesday, May 8th. They issued a “positive” rating for the company. Morgan Stanley lifted their price objective on Burlington from $132.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 12th. Finally, Deutsche Bank assumed coverage on Burlington in a research report on Monday, April 30th. They issued a “buy” rating and a $156.00 price objective for the company. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Burlington currently has an average rating of “Buy” and an average target price of $137.06.
In other news, CEO Thomas Kingsbury sold 20,000 shares of the company’s 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joyce Manning Magrini sold 2,500 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $133.45, for a total value of $333,625.00. The disclosure for this sale can be found here. Insiders sold 47,500 shares of company stock valued at $6,243,575 in the last ninety days. Company insiders own 1.91% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Burlington by 1.9% in the fourth quarter. BlackRock Inc. now owns 2,987,183 shares of the company’s stock worth $367,512,000 after acquiring an additional 56,769 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Burlington by 78.4% in the first quarter. American Century Companies Inc. now owns 2,314,890 shares of the company’s stock worth $308,228,000 after acquiring an additional 1,017,288 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Burlington by 6.7% in the first quarter. Eagle Asset Management Inc. now owns 1,470,643 shares of the company’s stock worth $195,816,000 after acquiring an additional 92,097 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Burlington by 3.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,353,424 shares of the company’s stock worth $166,511,000 after acquiring an additional 44,350 shares in the last quarter. Finally, Carillon Tower Advisers Inc. lifted its stake in shares of Burlington by 8.6% in the first quarter. Carillon Tower Advisers Inc. now owns 1,080,259 shares of the company’s stock worth $144,112,000 after acquiring an additional 85,948 shares in the last quarter.
Shares of NYSE BURL traded up $0.07 during trading on Friday, reaching $136.45. The company had a trading volume of 99,489 shares, compared to its average volume of 730,919. Burlington has a twelve month low of $79.07 and a twelve month high of $142.23. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.27 and a beta of 0.42. The company has a quick ratio of 0.31, a current ratio of 0.98 and a debt-to-equity ratio of 12.84.
Burlington Stores, Inc is an apparel and home product retailer. Its products include ladies sportswear, menswear, coats, family footwear and youth apparel, as well as baby furniture, accessories, home decor and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.
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