Zacks: Brokerages Anticipate Burlington Stores Inc (BURL) to Announce $1.05 EPS

Wall Street analysts predict that Burlington Stores Inc (NYSE:BURL) will announce earnings per share (EPS) of $1.05 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Burlington Stores’ earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.08. Burlington Stores reported earnings of $0.70 per share during the same quarter last year, which suggests a positive year over year growth rate of 50%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 20th.

On average, analysts expect that Burlington Stores will report full year earnings of $6.22 per share for the current year, with EPS estimates ranging from $6.19 to $6.27. For the next financial year, analysts expect that the firm will post earnings of $7.15 per share, with EPS estimates ranging from $6.90 to $7.48. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Burlington Stores.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 30th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.96 by $0.19. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share.

Several equities analysts have recently issued reports on the company. Guggenheim reaffirmed a “hold” rating on shares of Burlington Stores in a research report on Tuesday, July 3rd. UBS Group assumed coverage on Burlington Stores in a research report on Thursday, June 21st. They issued a “sell” rating and a $135.00 price target for the company. Wedbush assumed coverage on Burlington Stores in a research report on Friday, June 22nd. They issued an “outperform” rating and a $175.00 price target for the company. Zacks Investment Research lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Friday, June 22nd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $170.00 price target (up previously from $156.00) on shares of Burlington Stores in a research report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company. Burlington Stores currently has an average rating of “Buy” and an average price target of $172.75.

BURL opened at $152.34 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 7.54. The stock has a market capitalization of $11.01 billion, a PE ratio of 34.86, a P/E/G ratio of 1.26 and a beta of 0.45. Burlington Stores has a 1 year low of $87.20 and a 1 year high of $175.48.

In related news, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $150.05, for a total value of $3,001,000.00. Following the completion of the sale, the chief executive officer now directly owns 322,973 shares in the company, valued at approximately $48,462,098.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joyce Manning Magrini sold 2,500 shares of Burlington Stores stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $150.94, for a total value of $377,350.00. The disclosure for this sale can be found here. Insiders sold a total of 88,771 shares of company stock valued at $14,313,132 over the last quarter. 1.91% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Burlington Stores by 39.7% during the 2nd quarter. FMR LLC now owns 3,445,692 shares of the company’s stock valued at $518,680,000 after purchasing an additional 979,815 shares during the period. Renaissance Technologies LLC grew its stake in shares of Burlington Stores by 1,187.5% during the 2nd quarter. Renaissance Technologies LLC now owns 875,500 shares of the company’s stock valued at $131,789,000 after purchasing an additional 807,500 shares during the period. Marshall Wace LLP grew its stake in shares of Burlington Stores by 7,311.1% during the 2nd quarter. Marshall Wace LLP now owns 467,347 shares of the company’s stock valued at $70,350,000 after purchasing an additional 461,041 shares during the period. Millennium Management LLC grew its stake in shares of Burlington Stores by 257.1% during the 2nd quarter. Millennium Management LLC now owns 563,195 shares of the company’s stock valued at $84,778,000 after purchasing an additional 405,470 shares during the period. Finally, Natixis grew its stake in shares of Burlington Stores by 386.2% during the 2nd quarter. Natixis now owns 493,433 shares of the company’s stock valued at $74,276,000 after purchasing an additional 391,945 shares during the period.

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.

Further Reading: Earnings Per Share (EPS)

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Earnings History and Estimates for Burlington Stores (NYSE:BURL)

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