Burlington Stores (BURL) to Release Earnings on Tuesday

Burlington Stores (NYSE:BURL) is set to announce its earnings results before the market opens on Tuesday, November 26th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. On average, analysts expect Burlington Stores to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Burlington Stores Stock Performance

BURL stock opened at $286.17 on Monday. The stock’s 50 day simple moving average is $261.34 and its 200 day simple moving average is $248.05. Burlington Stores has a 12-month low of $168.49 and a 12-month high of $288.98. The firm has a market cap of $18.22 billion, a P/E ratio of 43.03, a P/E/G ratio of 1.39 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Insider Transactions at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BURL. Bank of America raised their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Citigroup upped their target price on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays lifted their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Monday, August 19th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $297.56.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.