Wall Street brokerages predict that Burlington Stores Inc (NYSE:BURL) will report $1.62 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Burlington Stores’ earnings. The lowest sales estimate is $1.62 billion and the highest is $1.64 billion. Burlington Stores posted sales of $1.52 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.6%. The business is scheduled to report its next earnings report before the market opens on Thursday, May 30th.

According to Zacks, analysts expect that Burlington Stores will report full year sales of $7.25 billion for the current fiscal year, with estimates ranging from $7.20 billion to $7.30 billion. For the next fiscal year, analysts anticipate that the business will report sales of $7.84 billion, with estimates ranging from $7.77 billion to $7.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Burlington Stores.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 7th. The company reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.77 by $0.06. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.05 billion. Burlington Stores had a net margin of 6.22% and a return on equity of 226.76%. Burlington Stores’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.59 earnings per share.

A number of equities research analysts recently issued reports on BURL shares. ValuEngine upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Loop Capital upped their price objective on shares of Burlington Stores to $200.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Telsey Advisory Group cut shares of Burlington Stores from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $190.00 to $165.00 in a report on Friday, March 8th. Citigroup decreased their price objective on shares of Burlington Stores from $175.00 to $158.00 and set a “neutral” rating for the company in a report on Friday, March 8th. Finally, Deutsche Bank upped their price objective on shares of Burlington Stores from $164.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Burlington Stores presently has an average rating of “Buy” and a consensus target price of $179.79.

Shares of NYSE:BURL opened at $155.54 on Tuesday. The firm has a market capitalization of $10.26 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 1.38 and a beta of 0.16. Burlington Stores has a 1 year low of $134.59 and a 1 year high of $180.27. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.02 and a quick ratio of 0.25.

In other news, insider Jennifer Vecchio sold 800 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $169.75, for a total transaction of $135,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Fred Hand sold 6,486 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $140.00, for a total transaction of $908,040.00. Following the transaction, the insider now directly owns 61,282 shares of the company’s stock, valued at approximately $8,579,480. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,015 shares of company stock valued at $16,733,335. Company insiders own 1.86% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. GYL Financial Synergies LLC acquired a new position in shares of Burlington Stores during the first quarter valued at about $786,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of Burlington Stores during the first quarter valued at about $201,000. V Wealth Advisors LLC acquired a new position in shares of Burlington Stores during the first quarter valued at about $201,000. HighTower Advisors LLC raised its position in shares of Burlington Stores by 2.0% during the first quarter. HighTower Advisors LLC now owns 4,637 shares of the company’s stock valued at $726,000 after buying an additional 92 shares during the last quarter. Finally, Maverick Capital Ltd. raised its position in shares of Burlington Stores by 69,363.0% during the first quarter. Maverick Capital Ltd. now owns 488,325 shares of the company’s stock valued at $76,511,000 after buying an additional 487,622 shares during the last quarter.

About Burlington Stores

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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Earnings History and Estimates for Burlington Stores (NYSE:BURL)

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