Burlington Stores (BURL) to Release Earnings on Thursday

Burlington Stores (NYSE:BURL) is expected to be announcing its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $3.75 per share and revenue of $3.25 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Burlington Stores Trading Down 2.4 %

NYSE:BURL opened at $229.93 on Wednesday. The company’s 50 day moving average price is $272.22 and its 200-day moving average price is $270.26. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 1.11 and a beta of 1.62.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BURL shares. Citigroup increased their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Barclays lowered their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a research report on Thursday, February 27th. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and increased their price target for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Finally, Morgan Stanley increased their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $319.87.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.