Wall Street analysts expect Burlington Stores Inc (NYSE:BURL) to announce $1.88 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Burlington Stores’ earnings, with estimates ranging from $1.86 billion to $1.90 billion. Burlington Stores reported sales of $1.69 billion during the same quarter last year, which indicates a positive year over year growth rate of 11.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 1st.

On average, analysts expect that Burlington Stores will report full-year sales of $1.88 billion for the current fiscal year, with estimates ranging from $6.01 billion to $6.05 billion. For the next financial year, analysts forecast that the business will report sales of $6.42 billion per share, with estimates ranging from $6.31 billion to $6.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for Burlington Stores.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share.

Several analysts recently issued reports on BURL shares. Zacks Investment Research raised Burlington Stores from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Wednesday, November 1st. Cowen set a $132.00 target price on Burlington Stores and gave the company a “buy” rating in a research note on Monday, December 11th. Buckingham Research reissued a “buy” rating and set a $107.00 target price on shares of Burlington Stores in a research note on Thursday, October 19th. TheStreet raised Burlington Stores from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Finally, Telsey Advisory Group lifted their target price on Burlington Stores from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $114.95.

Shares of Burlington Stores (NYSE:BURL) traded up $0.35 on Thursday, reaching $118.61. The company had a trading volume of 752,821 shares, compared to its average volume of 906,789. The company has a market cap of $8,090.00, a P/E ratio of 31.13, a PEG ratio of 1.22 and a beta of 0.48. Burlington Stores has a 52 week low of $79.07 and a 52 week high of $128.93. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22.

In other Burlington Stores news, insider Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $122.16, for a total value of $293,184.00. Following the sale, the insider now owns 38,214 shares of the company’s stock, valued at approximately $4,668,222.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $111.90, for a total value of $2,238,000.00. Following the completion of the sale, the chief executive officer now directly owns 437,608 shares in the company, valued at approximately $48,968,335.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,701 shares of company stock worth $7,618,954. Corporate insiders own 2.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Focused Wealth Management Inc purchased a new position in shares of Burlington Stores in the 4th quarter worth approximately $101,000. YorkBridge Wealth Partners LLC purchased a new position in shares of Burlington Stores in the 4th quarter worth approximately $106,000. FNY Managed Accounts LLC purchased a new position in shares of Burlington Stores in the 3rd quarter worth approximately $114,000. Advisor Group Inc. boosted its holdings in shares of Burlington Stores by 9.2% in the 2nd quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after purchasing an additional 128 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Burlington Stores in the 3rd quarter worth approximately $143,000.

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Burlington Stores Company Profile

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

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