216.73 -0.26 (-0.12%)
After hours: 4:27PM EDT
|Bid||185.00 x 2200|
|Ask||227.50 x 1000|
|Day's Range||212.53 - 219.77|
|52 Week Range||105.67 - 250.89|
|Beta (5Y Monthly)||0.27|
|PE Ratio (TTM)||33.11|
|Earnings Date||Aug 27, 2020 - Aug 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||236.19|
In this article you are going to find out whether hedge funds think Burlington Stores Inc (NYSE:BURL) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
In Jim Cramer's recent Real Money column "This Is a Brave New Economy We're In" he noted that investors have been buoyed by stimulus checks, which have been flowing into companies like AutoZone and Burlington Stores . Let's check and see what is happening with Burlington. In the daily bar chart of BURL, below, we can see that share prices were more than cut in half but they have made an amazing recovery since the middle of March.
Wall Street, though, thinks Burlington will bounce back sharply because of the plight of the rest of the retail industry. Citi analyst Paul Lejuez raised his price target on the discounter to $250 from $205 per share, a 22% increase, because it is now presented with a target-rich buying opportunity. The shutdown orders that essentially allowed only corporate giants like Walmart and Target to remain open, while forcing specialty retailers and department stores to close, ensured an excess of inventory at those stores will need to be dumped.
Dollar General earnings crushed views, while Ollie's Bargain Outlet and Dollar Tree earnings also beat. But Burlington Stores reported a huge loss.
The U.S. death toll from the coronavirus that causes COVID-19 rose above 101,000 on Thursday, one day after it exceeded the 100,000 level, a grim marker for the nation with the highest number of cases and deaths in the world.
The major stock indexes were sharply mixed early Thursday. Facebook and Twitter fell after President Trump's executive order threat.
(BURL) stock recovered form an early drop Thursday morning, following the off-price retailer’s fiscal first-quarter earnings. Burlington (ticker: BURL) said it lost $4.76 a share on revenue of $801.5 million. Burlington had closed all of its stores by March 22 because of the Covid-19 pandemic, and began reopening some of them on May 11.
Burlington Stores (BURL) delivered earnings and revenue surprises of -199.37% and -13.31%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Burlington Stores (NYSE:BURL) fell 2.5% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 257.94% over the past year to ($1.99), which missed the estimate of ($1.03).Revenue of $801,523,000 decreased by 50.95% year over year, which missed the estimate of $956,420,000.Looking Ahead Burlington Stores hasn't issued any earnings guidance for the time being.Burlington Stores hasn't issued any revenue guidance for the time being.Details Of The Call Date: May 28, 2020View more earnings on BURLTime: 08:30 AMET Webcast URL: https://edge.media-server.com/mmc/p/njq55s4yPrice Action 52-week high: $250.89Company's 52-week low was at $105.67Price action over last quarter: down 3.44%Company Overview The third- largest American off-price apparel and home fashion retail firm, with 727 stores as of the end of fiscal 2019, 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 60%. 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 2019, 22% 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.See more from Benzinga * Recap: Tech Data Q1 Earnings * Recap: Target Hospitality Q1 Earnings * Hoegh LNG Partners: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shares of Burlington Stores Inc. fell 2.5% in premarket trading Thursday, after the off-price retailer reported a wider-than-expected fiscal first-quarter loss and revenue that fell more than forecast, but said sales of stores that have reopened in May have exceeded year-ago levels. The company swung to a net loss for the quarter to May 2 of $333.7 million, or $5.09 a share, from net income of $77.8 million, or $1.15 a share, in the year-ago period. Excluding non-recurring items, the adjusted loss per share was $4.76; that loss included a $2.77 charge against aged inventory. The FactSet per-share loss consensus was $1.42. Total revenue dropped 51% to $801.5 million, below the FactSet consensus of $972.4 million. The company said all of its stores were closed by March 22 because of the COVID-19 pandemic, but stores started to reopen on May 11, and 402 stores are expected to be reopened by May 29, with most of the rest expected to reopen by mid-June. The company said it can't provide financial guidance given the uncertainties associated with the COVID-19 pandemic, but said it expects 2020 capital expenditures of about $260 million, below previous expectations of about $400 million. The stock has lost 2.8% over the past three months through Wednesday, while the S&P 500 has gained 2.8%.
On a GAAP basis, total sales declined 51%, net loss was $334 million, and EPS was ($5.09).On a Non-GAAP basis, Adjusted EPS was ($4.76), which includes a $272 million charge, or.
The coronavirus pandemic's impact is likely to show on Burlington Stores' (BURL) first-quarter fiscal 2020 results.
This week is a shortened trading week with major markets closed Monday in observance of the Memorial Day holiday. Investor focus will remain on the coronavirus and its impact on the U.S. economy as most states across the country continued their phased reopening plans.
A Relative Strength Rating upgrade for Burlington Stores shows improving technical performance. Will it continue?
Burlington Stores (BURL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Off-price retail, which had been an analyst and consumer favorite before the coronavirus pandemic, is now facing near-term headwinds, Wells Fargo says. The off-price category includes T.J. Maxx parent TJX Cos. , Ross Stores Inc. and Burlington Stores Inc. , which announced right before the nationwide stay-at-home orders that it would shut down its e-commerce site. "[I]nvestor conversations have turned much more cautious, as bears have begun to think more about the near-term issues and how challenging the next three-to-six months could be for off-price (lack of e-commerce, stores that rely on heavy traffic)," analysts led by Ike Boruchow wrote. Still, the category has benefits, including the "massive inventory dislocations" that the past months of apparel shopping decline will create. Retail sales fell 16.4% in April with sales plunging 79% at clothing stores. "While we remain very favorable on all three names into 2021, we highlight Burlington as the best way to play the space - best positioned from an inventory/liquidity standpoint, while their larger stores and less 'peak' traffic dynamics should make it easier to mitigate near-term comp challenges," Wells Fargo wrote. Wells Fargo rates all three companies overweight/buy with a $225 price target for Burlington, $110 price target for Ross Stores and $65 price target for T.J. Maxx. Burlington stock is up nearly 6% in Monday trading and up 7.5% over the past year. Ross shares have rallied 5.5% on Monday and are down 7.4% for the last 12 months. And TJX stock has gained 5% on Monday and is down 6.5% for the past year. The S&P 500 index is up 3.5% for the past 12 months.
Burlington Stores, Inc. (BURL), a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, will release its first quarter fiscal year 2020 results before the U.S. stock market opens on Thursday, May 28, 2020. The Company will also hold a conference call to discuss results at 8:30 a.m. (Eastern Time) that day. A live webcast of the conference call will also be available on the investor relations page of the company's website at www.burlingtoninvestors.com.
What happened The stock of Burlington Stores (NYSE: BURL) outperformed a strong market last month by rising 15% compared to a 13% increase in the S&P 500, according to data provided by S&P Global Market Intelligence.
Burlington Stores, Inc. (BURL), a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories, and merchandise for the home, announced today that its 2020 Annual Meeting of Stockholders will change to a virtual-only format, to help protect the health and safety of associates, stockholders and the communities it serves in light of the public health impact of the COVID-19 pandemic. Burlington’s Annual Stockholders Meeting will take place at 8 a.m. Eastern Time on May 20, 2020, the same date and time as originally scheduled. There is no change to the items of business to be addressed at the meeting, which are described in the company’s proxy materials as previously distributed.