Burlington Stores (BURL) Expected to Announce Earnings on Thursday

Burlington Stores (NYSE:BURLGet Free Report) is anticipated to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect Burlington Stores to post earnings of $3.75 per share and revenue of $3.25 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Burlington Stores (NYSE:BURLGet Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, analysts expect Burlington Stores to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Burlington Stores Stock Performance

Shares of BURL opened at $249.54 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.11 and a beta of 1.62. The company’s 50 day simple moving average is $274.68 and its 200 day simple moving average is $270.53. Burlington Stores has a 1 year low of $174.64 and a 1 year high of $298.89.

Analysts Set New Price Targets

BURL has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Barclays cut their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Evercore ISI increased their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. TD Cowen increased their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $317.87.

Get Our Latest Analysis on Burlington Stores

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 1,481 shares of company stock worth $421,892 in the last ninety days. 0.91% of the stock is owned by insiders.

About Burlington Stores

(Get Free Report)

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.

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Earnings History for Burlington Stores (NYSE:BURL)

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