Burlington Stores reports earnings November 28

What's Happening With BURL View more about BURL >

Burlington Stores (BURL) reports its third-quarter numbers before the market open November 28. The retailer is expected to report earnings of $1.06 for the quarter, up from $0.70 during the same period last year.

Technical Analysis

BURL was recently trading at $148.54 down $31.73 from its 12-month high and $47.15 above its 12-month low. InvestorsObserver’s Stock Score Report gives BURL a 83 long-term technical score and a 65 short-term technical score. The stock has recent support above $145 and recent resistance below $160. Of the 17 analysts who cover the stock 14 rate it Strong Buy, 0 rate it Buy, 2 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, BURL gets a score of 80 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

Burlington Stores has been one of the hottest stocks in recent years, but like the majority of the market shares have been under pressure during the recent market correction. The outlook remains favorable for the discount retailer, which should regain strength and erase recent losses as strength returns to the overall market. The retail sector remains favorable with a strong economy and low unemployment resulting in strong consumer confidence. Discount retailers have shown particular strength, and BURL has been among the strongest. A lot of the recent selling can be tied to profit taking after a multi-year bull run. BURL’s valuation looks more favorable at this time with a forward P/E of 20.8, and earnings are growing at a rapid pace. Profits are up 33% per annum over the last five years, and are expected to continue to rise at an average annual rate of 22% over the next five years. Burlington Stores has a strong earnings track record and the street expects another earnings beat this quarter with a whisper number of $1.12. Analysts have a $176.82 average price target on the stock.

BURL
About Burlington Stores Inc.

The third- largest American off-price apparel and home fashion retail firm, with 675 stores as of the end of fiscal 2018, Burlington Stores offers an assortment of products from over 5,000 brands through an everyday low price approach that undercuts conventional retailers' regular prices by up to 65%. The company focuses on providing a treasure hunt experience, with a quickly changing array of merchandise in a relatively low-frills shopping environment. In fiscal 2018, 23% of sales came from women's ready-to-wear apparel, 22% from accessories and footwear, 20% from menswear, 16% from youth apparel and baby, 15% from home decor, and 5% from coats. All sales come from the United States.

  • Last Price:
    $200.08
  • Previous Close:
    $196.00
  • Change:
    $4.08 (2.08%)
  • Open:
    $200.59
  • Volume:
    1,528,524
  • Average Volume (100 Day):
    987,831
  • Market Capitalization:
    $13.3 B
  • Day's Range:
    $199.56 - $203.27
  • Dividend Yield:
    0.00%
  • 52-week Range:
    $209 - $136.30
  • P-E:
    30.90
  • EPS:
    $6.22
  • Earnings Date:
    11/27/19
  • Ex Dividend Date:
    N/A
  • Sector:
    Consumer Defensive
  • Industry:
    Discount Stores
  • Analyst Average Recommendation:
    Moderate Buy

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