|Bid||0.00 x 1400|
|Ask||0.00 x 1000|
|Day's Range||161.76 - 167.60|
|52 Week Range||134.59 - 180.27|
|Beta (3Y Monthly)||0.39|
|PE Ratio (TTM)||27.36|
|Earnings Date||May 30, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||176.75|
The top two off-price retailers have a unique ability to shrug off the headwinds that often undermine their rivals' results.
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 2019 results before the U.S. stock market opens on Thursday, May 30, 2019. The Company will also hold a conference call to discuss results at 8:30 a.m. (Eastern Time) that day. The U.S. toll free dial-in for the conference call is 1-866-437-5084 and the international dial-in number is 1-409-220-9374.
Analyst Mark Altschwager initiated coverage on Burlington Stores Inc., Ross Stores Inc. and TJX Cos. with buy-equivalent ratings, citing their potential to gain market share as customers prioritize value.
Burlington Stores Inc NYSE:BURLView full report here! Summary * Bearish sentiment is moderate * 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. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding BURL are favorable, with net inflows of $2.97 billion. Additionally, the rate of inflows is increasing. 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.
This weekend's Barron's cover story examines stocks that will benefit from increasing spending by millennials. Other featured articles focus on what suppliers say about Apple and possible outcomes to a bidding war. "5 Stocks to Ride the Coming Wave in Millennial Spending" by Daren Fonda looks at why Home Depot IncHD), Nike Inc (NYSE: NKE) and other stocks may benefit from increasing spending by millennials.
The off-price retailer’s stock has a number of possible catalysts, including the popularity of discounters, a well-respected new CEO, upgraded stores, and the potential for margin expansion.
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Burlington Stores Stock Soared in Reaction to CEO Succession Plan(Continued from Prior Part)Recent analyst activity Burlington Stores (BURL) stock surged 9.1% on April 24 in reaction to the CEO succession plan the company announced after the markets
Burlington Stores Stock Soared in Reaction to CEO Succession Plan(Continued from Prior Part)Updated guidance for the first quarterAfter the markets closed on April 23, Burlington Stores (BURL) announced its updated guidance for the first quarter of
Burlington Stores Stock Soared in Reaction to CEO Succession Plan(Continued from Prior Part)First-quarter outlook updated Burlington Stores (BURL) announced its CEO succession plan and its updated outlook for the first quarter of fiscal 2019 (which
Burlington Stores Stock Soared in Reaction to CEO Succession PlanCEO succession planBurlington Stores (BURL) stock surged 9.1% on April 24 in reaction to the CEO succession plan the off-price retailer announced after the markets closed on April 23.
It's a new era for Burlington Stores Inc (NYSE: BURL) after the retailer announced Wednesday that Thomas Kingsbury, its chairman and CEO for over a decade, will step down later this year. O'Sullivan has been present and COO at Ross Stores since December 2009, and previously served as the retailer's executive vice president and chief administrative officer from February 2005 to December 2009, the analyst said.
The excitement about Michael O’Sullivan’s appointment led shares to a high-single-digit gain year to date. The stock had been languishing not far from the break-even line.
Shares of Burlington Stores Inc. fell more than 2% in the extended session Tuesday after Chief Executive Thomas Kingsbury announced he is stepping down and the retailer tweaked lower its guidance for the first quarter. Burlington said Kingsbury will step down on or around Sept. 16 after more than 10 years in that role. Michael O'Sullivan, formerly the chief operating officer of Ross Stores Inc , will take over as CEO on or around that date, the company said. Kingsbury will remain board chairman during a "transition period," Burlington said. "Given our tremendous progress and the strong foundation we have established, the board and I believe now is the right time to transition to new leadership," Kingsbury said in a statement. In the same statement, Burlington said it expects adjusted earnings between $1.21 a share and $1.25 a share, compared with a previous guidance of between $1.21 a share and $1.31 a share. It expects comparable-store sales be flat or to rise 0.5%, compared with an earlier guidance of flat to a rise of 2%. Shares of Burlington ended the regular trading day Tuesday 1.1% higher.
Thomas Kingsbury, Chairman, President and Chief Executive Officer, will step down as CEO on or about September 16, 2019, after more than 10 years in that role. Mr. Kingsbury will continue to support the Company as Executive Chairman of the Board of Directors during a transition period. Michael O’Sullivan, formerly President and Chief Operating Officer of Ross Stores, Inc., will join the Company on or about September 16, 2019 as Chief Executive Officer.
- Alliance Data's card services business selected to provide a private label credit card program for Burlington Stores, Inc., a nationally recognized off-price retailer - Through multiple consumer-friendly ...
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.
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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.
Lorraine Hutchinson, retail analyst at Bank of America Merrill Lynch, and CNBC's Courtney Reagan join "The Exchange" to discuss the impact of tariffs between the U.S. and China on the retail sector.