Wall Street brokerages forecast that Burlington Stores Inc (NYSE:BURL) will report sales of $1.50 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Burlington Stores’ earnings. Burlington Stores reported sales of $1.35 billion in the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The company is expected to announce its next quarterly earnings results on Thursday, May 24th.
According to Zacks, analysts expect that Burlington Stores will report full-year sales of $1.50 billion for the current fiscal year, with estimates ranging from $6.51 billion to $6.70 billion. For the next fiscal year, analysts expect that the firm will report sales of $7.11 billion per share, with estimates ranging from $6.67 billion to $7.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Burlington Stores.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.08. Burlington Stores had a negative return on equity of 367.54% and a net margin of 6.31%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis.
In other news, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $121.54, for a total value of $2,430,800.00. Following the completion of the sale, the chief executive officer now directly owns 406,808 shares in the company, valued at $49,443,444.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joyce Manning Magrini sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $122.16, for a total transaction of $293,184.00. Following the transaction, the insider now owns 38,214 shares of the company’s stock, valued at $4,668,222.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,800 shares of company stock valued at $5,377,336. 2.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in Burlington Stores by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock valued at $208,000 after purchasing an additional 210 shares in the last quarter. Amalgamated Bank raised its position in Burlington Stores by 4.1% during the fourth quarter. Amalgamated Bank now owns 13,340 shares of the company’s stock valued at $1,641,000 after purchasing an additional 523 shares in the last quarter. Meeder Asset Management Inc. raised its position in Burlington Stores by 17.7% during the fourth quarter. Meeder Asset Management Inc. now owns 3,634 shares of the company’s stock valued at $447,000 after purchasing an additional 547 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in Burlington Stores by 6.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 10,499 shares of the company’s stock valued at $1,002,000 after purchasing an additional 667 shares in the last quarter. Finally, LPL Financial LLC raised its position in Burlington Stores by 9.7% during the fourth quarter. LPL Financial LLC now owns 8,669 shares of the company’s stock valued at $1,066,000 after purchasing an additional 767 shares in the last quarter.
Shares of Burlington Stores (NYSE BURL) opened at $127.09 on Wednesday. Burlington Stores has a 1-year low of $79.07 and a 1-year high of $128.93. The stock has a market capitalization of $8,567.84, a P/E ratio of 29.06, a PEG ratio of 1.17 and a beta of 0.48. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71.
About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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