Zacks: Brokerages Expect Burlington Stores, Inc. (NYSE:BURL) Will Post Quarterly Sales of $2.02 Billion

Wall Street analysts expect Burlington Stores, Inc. (NYSE:BURL – Get Rating) to announce $2.02 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Burlington Stores’ earnings, with the lowest sales estimate coming in at $1.93 billion and the highest estimate coming in at $2.08 billion. Burlington Stores posted sales of $2.19 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 7.8%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Burlington Stores will report full-year sales of $9.51 billion for the current financial year, with estimates ranging from $9.36 billion to $9.70 billion. For the next year, analysts forecast that the business will report sales of $10.74 billion, with estimates ranging from $10.36 billion to $11.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Burlington Stores.

Burlington Stores (NYSE:BURL – Get Rating) last issued its quarterly earnings data on Thursday, March 3rd. The company reported $2.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.22 by ($0.69). Burlington Stores had a return on equity of 85.14% and a net margin of 4.39%. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the company posted $2.44 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year.

Several research analysts recently issued reports on BURL shares. Sanford C. Bernstein started coverage on shares of Burlington Stores in a research note on Monday, March 14th. They issued an “outperform” rating and a $230.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Burlington Stores from $385.00 to $353.00 in a research note on Thursday, February 17th. Gordon Haskett upgraded shares of Burlington Stores from an “accumulate” rating to a “buy” rating and decreased their price target for the stock from $350.00 to $265.00 in a research note on Thursday, February 10th. Cowen reduced their price objective on shares of Burlington Stores from $327.00 to $292.00 and set an “outperform” rating for the company in a research note on Tuesday, February 22nd. Finally, Credit Suisse Group reduced their price objective on shares of Burlington Stores from $360.00 to $245.00 and set an “outperform” rating for the company in a research note on Friday, March 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $288.60.

Hedge funds have recently added to or reduced their stakes in the company. Quent Capital LLC purchased a new position in shares of Burlington Stores in the fourth quarter worth $33,000. Emerald Advisers LLC purchased a new position in shares of Burlington Stores in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC purchased a new position in shares of Burlington Stores in the fourth quarter worth $38,000. Dark Forest Capital Management LP purchased a new position in shares of Burlington Stores in the third quarter worth $39,000. Finally, KB Financial Partners LLC purchased a new position in shares of Burlington Stores in the fourth quarter worth $41,000.

Shares of NYSE BURL opened at $227.54 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.78 and a debt-to-equity ratio of 2.03. The firm has a fifty day simple moving average of $204.14 and a two-hundred day simple moving average of $245.99. The firm has a market capitalization of $15.04 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 2.23 and a beta of 0.91. Burlington Stores has a 12 month low of $171.15 and a 12 month high of $357.34.

About Burlington Stores (Get Rating)

Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

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