|Bid||159.91 x 1200|
|Ask||163.97 x 900|
|Day's Range||162.52 - 164.64|
|52 Week Range||132.35 - 180.27|
|Beta (3Y Monthly)||0.39|
|PE Ratio (TTM)||27.15|
|Earnings Date||May 29, 2019 - Jun 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||169.33|
John Kernan maintains an Outperform rating on Burlington Stores Inc (NYSE: BURL) with a $165 target. Kernan said that while store checks can be somewhat anecdotal, it was obvious within the shopping centers visiting that TJ Maxx, Marshalls and HomeGoods saw some of the heaviest traffic and significantly above the Ross and Burlington stores he visited.
Burlington Stores Inc NYSE:BURLView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and increasing * Economic output in this company's sector is expanding Bearish sentimentShort interest | NeutralShort interest is moderate for BURL with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on March 19. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.20 billion over the last one-month into ETFs that hold BURL are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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Bed Bath & Beyond (NASDAQ:BBBY) reports earnings on Wednesday morning -- and I'd be very nervous holding Bed Bath & Beyond stock ahead of that report. BBBY stock has soared of late, but earnings haven't been the driver.Source: Mike Mozart via FlickrRather, the big force of late behind BBBY stock has been an activist effort to replace the company's entire board. Certainly, Bed Bath & Beyond could use a change at the top: BBBY hit a 20-year low in December.But I wrote last month that the risk is that the activists simply are too late. Amazon.com (NASDAQ:AMZN) has been taking share for years, and that's not the only competitor the company has to worry about. TJX Companies (NYSE:TJX) continues to expand its HomeGoods concept. Other off-price retailers like Ross Stores (NASDAQ:ROST) and Burlington Stores (NYSE:BURL) have been targeting Bed Bath & Beyond's core categories as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIndeed, the run in BBBY -- which now has bounced 75% from its lows -- looks like it has gone a bit too far. And history suggests that earnings might be the catalyst to send the stock again heading in the wrong direction. Bed Bath & Beyond Earnings Look DangerousFrom one standpoint, expectations don't seem all that high for the fiscal fourth quarter report. Analysts are looking for EPS of $1.11, 25% below the $1.48 adjusted figure from Q4 FY17. (BBBY stock's fiscal years end roughly at the end of the following February.) That's in line with Bed Bath & Beyond guidance for roughly $2 per share for the full year, which implies $1.14 in Q4 EPS. Consensus revenue estimates project a decline of over 10%. * 10 Medical Marijuana Stocks to Cure Your Portfolio It's worth remembering, however, that last year's fourth quarter had a 14th week, which skewed both sales and profits. Guidance seems to suggest a low-single-digit decline in comparable sales. Given that the company cited a 5-cent benefit to EPS last year from the extra week, consensus is looking for about a 22% drop in adjusted EPS.It might sound like analysts and management are expecting a weak quarter. They are. But in the context of recent performance, expectations actually look somewhat high. Same-store sales are down 1% so far this year against a 1.7% decline the year before. Bed Bath & Beyond has a tougher comparison in Q4 -- just 0.5% -- and yet it seems like top-line expectations are about in line with the performance so far in fiscal 2018.It's on the earnings front that the projections look particularly aggressive. A 22% decline in earnings isn't good news. But, again, relative to YTD performance, it would be a notable improvement. Through the first nine months, earnings have fallen over 47%. Simply to meet expectations, Bed Bath & Beyond is going to have do better. BBBY Stock Is Dangerous After EarningsGiven the trend here, expecting improvement so soon seems risky. And history shows that BBBY stock can get hammered when it disappoints.Indeed, in a span of six quarters in 2017-18, BBBY stock dropped at least 12% after four of the reports. Most recently, BBBY fell 21% after Q2 earnings in September. A year ago, Q4 results led to a 20% decline. Earlier in FY17, the stock dropped 12% after Q1, and another 16% following Q2.In several cases, the problem was that Bed Bath & Beyond overpromised and then had to lower guidance. Given that Street analysts seem to believe guidance (roughly), BBBY stock is relying on management being right this time. That hardly seems like a bet worth taking. Are Activists Enough?What does change the case here -- perhaps -- is the presence of the activists. It's possible that even bad numbers could be seen as good news. A disappointing report only undercuts the case of management and increases the likelihood that the activists will win.And from here, it looks like the activists likely are going to win. Certainly the market believes that's the case: BBBY stock wouldn't have gained 22% on the news of the activist filing if the market figured existing management was staying on board.And so BBBY earnings look awfully dangerous. Expectations from a fundamental standpoint look reasonably high relative to recent performance. The stock has gained 75% in less than four months. The company has a history of disappointing. Perhaps most importantly, the focus is turning from hopes for new management to results from the same management investors are so excited about replacing.Another miss here would wipe out much of the optimism built up in recent weeks, as it might suggest that Bed Bath & Beyond has too many problems to fix quickly, if they can be fixed at all. It's going to take a big report to keep the rally going, and we just don't have enough evidence that this management team, and this company, are capable of generating those types of results.As of this writing, Vince Martin had no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post Earnings Can End the Rally for Bed Bath & Beyond Stock appeared first on InvestorPlace.
Burlington Stores (BURL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
"Of course, all the bank stocks are cheap here, but unlike the rest of the industry, Chemical Financial actually has a catalyst, thanks to the upcoming TCF merger," CNBC's Jim Cramer says. "The Labor Department's nonfarm payrolls report gave you some goldilocks numbers, alright, with just the right amount of job growth and just the right amount of wage inflation," the "Mad Money" host says. "I think you should buy [Burlington] ahead of ... Wednesday, when I expect everyone to hear that Burlington's issues have been cleared up," he says.
Who is left? Which retailer hasn't moved that might turn out to be a home run now that so many others have rounded the base paths? I think it's Burlington Stores , the off-price clothing retail chain still thought of by many -- incorrectly I might add -- as Burlington Coat Factory.
"I think you have to buy this stock ahead of when everyone hears that the issues have been cleared up that —for the first time — caused the company to go off course," CNBC's Jim Cramer says. "[CEO Tom] Kingsbury's got a fantastic team and I don't think they're gonna repeat whatever fashion mistakes they made last quarter. Burlington Stores is a great company that deserves the benefit of the doubt after its brief stumble," he says.
Is Burlington Stores Inc (NYSE:BURL) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds […]
You made it through another workweek, loyal readers. Also, the Citrus Heights Sentinel reports that a Smart & Final Extra location at 8481 Auburn Blvd. in Citrus Heights will close on April 14. "We are committed to the Sacramento market, and this closure is an effort to more efficiently serve the community by consolidating the business to other surrounding locations," Deb Bell-Versluis, Smart & Final's director of corporate communications, told the Sentinel.
Today we'll evaluate Burlington Stores, Inc. (NYSE:BURL) to determine whether it could have potential as an investment idea. Specifically, we'll consider its Return On Capital Employed (ROCE), since that willRead More...
Burlington Stores shares plunged 16% last week after sales fell short of expectations last quarter. However, the company still has strong long-term growth prospects.
All indications suggested Ross Stores (NASDAQ:ROST) was firing on all cylinders. Now, not so much. Though the company recently reported fourth-quarter earnings per share that were in-line with analysts' consensus estimate, a tepid 2019 profit outlook sent ROST stock lower on Wednesday.Source: Nicholas Eckhart via Flickr (Modified) The salt in the wound: Shares of Ross' peers and rivals, Kohl's (NYSE:KSS) and Target (NYSE:TGT), both markedly rose on Tuesday following solid quarterly prints and impressive guidance. * 5 Airline Stocks In Serious Trouble The lackluster outlook might -- might -- be an attempt by ROST to lowball expectations of a company that's in the habit of topping them. The Q4 results marked the first time in eleven quarters that Ross Stores' EPS didn't beat the consensus outlook. It was also only the second time in the past sixteen quarters that ROST's EPS didn't come in above the consensus outlook.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf the tepid guidance is not just an effort to lower expectations, then ROST stock just became a very difficult retail name to own. Earnings RecapIt was seemingly going to be another great year for ROST stock. The company logged same-store sales growth of 3.0% during Q3 as well as in the first nine months of 2018. SSS growth ramped up to 4% in Q4. Furthermore, its Q4 numbers were up against same-store sales growth of 5.0% in the final quarter of 2017.Same-store sales growth didn't translate into earnings growth, though. Adjusted for a favorable outcome on a tax matter, profits per share of ROST stock rolled in at $1.13, falling a penny short of some estimates while matching others. Operating margins fell 1.35 percentage points to 13.2%, though that dip is at least partially attributable to higher freight and wage costs.Overall revenue of $4.1 billion was slightly better than Q4-2017's top line.The owners of ROST stock understandably viewed the glass as half-empty, however, in light of the company's guidance. ROST is only looking for same-store sales growth of between 1% and 2% this year, and though it plans to open approximately 100 new stores, the 99 it added last year didn't meaningfully boost its overall sales last quarter.CEO Barbara Rentler explained, "While we hope to do better, we continue to take a prudent approach to forecasting our business for 2019. Although we remain favorably positioned as an off-price retailer, we face our own difficult sales and earnings comparisons, a very competitive retail landscape, and an uncertain macro-economic and political environment." Drilling Down on ROST StockThe current overall retail environment is uncertain.While the initial retail spending report from the Census Bureau indicated that spending slowed in December, sales of clothing and accessories reportedly grew 4.7% in the final month of last year, playing right into Ross Stores' hand.And a lukewarm economy that keeps consumers in a "willing but cautious" spending mood against a backdrop of continued department store closures is the proverbial sweet spot for Ross Stores.The off-price retailer struggled to exploit the opportunity, though. Rentler specifically noted "weakness in our ladies apparel business during the holiday season." During the conference call, Rentler clarified that the weakness was primarily the result of the wrong balance of assortment in certain women's apparel galleries. Inventory levels, however, are not backed up headed into the spring season.One surprising bright spot was men's clothing. The Outlook of ROST StockWhile the off-price retail segment has been one of the industry's few bright spots , it's been suggested by multiple observers that saturation is becoming an issue for the sector, and that the best days of off-price retail may be in the rear-view mirror. A slowdown of closures of full-price department stores also poses a threat to ROST and its peers, as it's these liquidations that supply much of Ross Stores' inventory.The company's 2019 outlook tacitly underscored that concern.Rentler isn't worried about that possibility, though. She explained during the conference call "I don't think it's an off-price tougher to execute model, I don't think that's the issue. I think the issues were internal, self-inflicted. It's the assortment that we've built out for the customer, I don't think it has anything to do with the off-price model."Upcoming earnings reports from ROST's rival, Stein Mart (NASDAQ:SMRT), will add perspective to that discussion. Stein Mart is slated to post its fourth-quarter numbers in mid-March.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post Ross Stores' Guidance Raises Fundamental Questions appeared first on InvestorPlace.
Burlington Stores' (BURL) both top and bottom lines improve year over year in Q4. However, sales lag estimates and management expects cost-related hurdles to linger.
The Dow Jones Industrial Average fell Thursday for a fourth straight session even after the European Central Bank said it would keep interest rates at near-record lows until at least the end of the year, effectively insuring the Federal Reserve won't tighten anytime soon. posted weaker-than-expected fourth-quarter earnings Thursday and 2019 guidance disappointed investors, sending shares sharply lower. posted fourth-quarter adjusted earnings of $2.83 a share, beating Wall Street forecasts of $2.77, but same-store sales came in below estimates.
Burlington Stores Stock Plummets on Unimpressive Q4 SalesQ4 top-line lagged behind expectations Burlington Stores (BURL) stock was down 12.7% as of 2:57 PM ET today in reaction to the company’s lower-than-expected top-line performance in Q4 of
Stocks that moved substantially or traded heavily on Thursday: Resideo Technologies Inc., down $5.79 to $18.96 The smart-home device maker beat Wall Street's fourth-quarter sales forecast, but its profit ...
U.S. stocks posted a fourth consecutive day of losses as the European Central Bank hinted at worsening economic conditions in the eurozone.