Burlington Stores (BURL) to Release Quarterly Earnings on Tuesday

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

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. 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 Up 1.1 %

NYSE BURL opened at $271.80 on Tuesday. The stock’s 50 day moving average is $260.98 and its 200 day moving average is $245.57. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. Burlington Stores has a 12 month low of $133.09 and a 12 month high of $282.49. The stock has a market cap of $17.30 billion, a PE ratio of 40.87, a P/E/G ratio of 1.37 and a beta of 1.64.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Evercore ISI boosted their price target on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Morgan Stanley boosted their price target on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. boosted their price target on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Barclays boosted their price target on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, TD Cowen lifted their price objective on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.