Burlington Stores Inc. (NYSE:BURL) is scheduled to be releasing its Q316 earnings data on Tuesday, November 22nd. Analysts expect Burlington Stores to post earnings of $0.33 per share and revenue of $1.32 billion for the quarter.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 25th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.09. Burlington Stores had a negative return on equity of 183.69% and a net margin of 3.22%. The company earned $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the business posted $0.19 EPS. Burlington Stores’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts expect Burlington Stores to post $2.98 EPS for the current fiscal year and $3.55 EPS for the next fiscal year.

Earnings History for Burlington Stores (NYSE:BURL)

Burlington Stores Inc. (NYSE:BURL) opened at 77.94 on Monday. The stock has a market capitalization of $5.51 billion, a PE ratio of 33.38 and a beta of 0.47. Burlington Stores Inc. has a one year low of $39.74 and a one year high of $87.23. The company’s 50-day moving average price is $76.67 and its 200-day moving average price is $70.99.

In other Burlington Stores news, insider Mike Metheny sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $82.32, for a total transaction of $329,280.00. Following the sale, the insider now owns 6,281 shares in the company, valued at $517,051.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Marc Katz sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $81.00, for a total value of $810,000.00. Following the sale, the chief financial officer now owns 102,465 shares in the company, valued at approximately $8,299,665. The disclosure for this sale can be found here. 2.21% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. purchased a new stake in shares of Burlington Stores during the second quarter valued at about $112,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Burlington Stores during the third quarter valued at about $168,000. SG Americas Securities LLC purchased a new stake in shares of Burlington Stores during the third quarter valued at about $169,000. BOKF NA purchased a new stake in shares of Burlington Stores during the second quarter valued at about $207,000. Finally, Pacer Advisors Inc. purchased a new stake in shares of Burlington Stores during the second quarter valued at about $217,000.

Several equities analysts recently commented on BURL shares. Morgan Stanley reiterated a “buy” rating and issued a $82.00 target price on shares of Burlington Stores in a research note on Friday, August 26th. Buckingham Research upped their target price on Burlington Stores from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, August 26th. MKM Partners upgraded Burlington Stores from a “neutral” rating to a “buy” rating and upped their target price for the company from $73.00 to $94.00 in a research note on Friday, August 26th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $84.00 target price on shares of Burlington Stores in a research note on Monday, August 1st. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $95.00 target price (up from $90.00) on shares of Burlington Stores in a research note on Monday, September 26th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $86.24.

Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.

5 Day Chart for NYSE:BURL

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