Wall Street analysts expect Burlington Stores Inc (NYSE:BURL) to report sales of $1.63 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Burlington Stores’ earnings, with the lowest sales estimate coming in at $1.62 billion and the highest estimate coming in at $1.64 billion. Burlington Stores reported sales of $1.50 billion in the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The company is expected to report its next quarterly earnings report on Thursday, August 29th.
On average, analysts expect that Burlington Stores will report full-year sales of $7.24 billion for the current year, with estimates ranging from $7.20 billion to $7.28 billion. For the next financial year, analysts expect that the business will post sales of $7.86 billion, with estimates ranging from $7.81 billion to $7.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Burlington Stores.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.26. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. Burlington Stores had a net margin of 6.05% and a return on equity of 186.11%. Burlington Stores’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share.
In other news, Chairman Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $164.35, for a total value of $3,287,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joyce Manning Magrini sold 22,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $158.54, for a total transaction of $3,487,880.00. Following the completion of the sale, the executive vice president now directly owns 29,610 shares in the company, valued at $4,694,369.40. The disclosure for this sale can be found here. Insiders sold a total of 75,770 shares of company stock worth $12,312,987 over the last three months. Insiders own 1.86% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Claybrook Capital LLC purchased a new stake in Burlington Stores during the 4th quarter worth approximately $25,000. Shine Investment Advisory Services Inc. increased its stake in Burlington Stores by 101.1% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 181 shares of the company’s stock worth $28,000 after buying an additional 91 shares during the period. Huntington National Bank increased its stake in Burlington Stores by 147.2% during the 1st quarter. Huntington National Bank now owns 220 shares of the company’s stock worth $34,000 after buying an additional 131 shares during the period. Bremer Bank National Association purchased a new stake in Burlington Stores during the 1st quarter worth approximately $41,000. Finally, Executive Wealth Management LLC purchased a new stake in Burlington Stores during the 4th quarter worth approximately $54,000.
BURL stock traded up $4.17 during trading on Friday, reaching $182.92. 814,191 shares of the stock were exchanged, compared to its average volume of 704,188. The company has a quick ratio of 0.26, a current ratio of 0.93 and a debt-to-equity ratio of 11.41. The stock has a 50 day simple moving average of $166.87. Burlington Stores has a 1 year low of $136.30 and a 1 year high of $183.65. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.50 and a beta of 0.27.
Burlington Stores Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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