Burlington Stores (BURL) to Post Earnings on Tuesday

Burlington Stores (NYSE:BURL) is scheduled to be issuing 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results 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 company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the firm earned $0.60 earnings per share. Burlington Stores’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 Trading Up 4.9 %

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

Insiders Place Their Bets

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 transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on BURL shares. Morgan Stanley lifted their price target on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Wells Fargo & Company raised their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. The Goldman Sachs Group raised their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Loop Capital upped their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Evercore ISI upped 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. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.