Burlington Stores Inc (NYSE:BURL) – Research analysts at William Blair upped their FY2020 EPS estimates for shares of Burlington Stores in a report issued on Thursday, August 29th, Zacks Investment Research reports. William Blair analyst D. Hofkin now forecasts that the company will post earnings of $7.22 per share for the year, up from their previous estimate of $6.95. William Blair also issued estimates for Burlington Stores’ Q3 2021 earnings at $1.56 EPS, Q4 2021 earnings at $3.74 EPS and FY2021 earnings at $8.15 EPS.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.21. Burlington Stores had a return on equity of 163.50% and a net margin of 6.11%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis.
A number of other research analysts have also recently weighed in on BURL. Morgan Stanley raised their price target on Burlington Stores from $168.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Wells Fargo & Co restated a “buy” rating on shares of Burlington Stores in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their price target on Burlington Stores from $200.00 to $237.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Wedbush lifted their price objective on Burlington Stores from $162.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Guggenheim reiterated a “hold” rating on shares of Burlington Stores in a research report on Thursday, May 30th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Burlington Stores has an average rating of “Buy” and an average target price of $203.94.
Shares of BURL stock traded up $5.18 during mid-day trading on Monday, reaching $197.45. The stock had a trading volume of 823,566 shares, compared to its average volume of 1,097,770. Burlington Stores has a 12-month low of $136.30 and a 12-month high of $209.36. The company has a market cap of $12.88 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 1.70 and a beta of 0.21. The business has a 50-day simple moving average of $183.61 and a 200 day simple moving average of $168.79. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 9.99.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bremer Bank National Association acquired a new position in shares of Burlington Stores in the 1st quarter valued at about $41,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Burlington Stores in the 2nd quarter valued at about $41,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Burlington Stores by 187.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 250 shares of the company’s stock valued at $43,000 after purchasing an additional 163 shares in the last quarter. Hilton Capital Management LLC acquired a new position in shares of Burlington Stores in the 1st quarter valued at about $68,000. Finally, FTB Advisors Inc. lifted its stake in shares of Burlington Stores by 54.9% in the 2nd quarter. FTB Advisors Inc. now owns 488 shares of the company’s stock valued at $83,000 after purchasing an additional 173 shares in the last quarter.
In other Burlington Stores news, SVP Thomas Kingsbury sold 2,000 shares of Burlington Stores stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $41.12, for a total value of $82,240.00. Following the completion of the sale, the senior vice president now owns 3,092 shares in the company, valued at approximately $127,143.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William P. Mcnamara sold 828 shares of Burlington Stores stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $205.54, for a total value of $170,187.12. Following the completion of the sale, the director now owns 7,821 shares of the company’s stock, valued at approximately $1,607,528.34. The disclosure for this sale can be found here. Insiders sold a total of 94,162 shares of company stock valued at $18,310,608 in the last 90 days. 1.86% of the stock is owned by company insiders.
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.