|Bid||192.16 x 2200|
|Ask||193.45 x 800|
|Day's Range||191.74 - 200.00|
|52 Week Range||105.67 - 250.89|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||240.70|
|Earnings Date||Aug 27, 2020 - Aug 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||236.19|
Burlington Stores (BURL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
TheAllianzGI Convertible fund, which invests in convertible bonds with a growth tilt, has delivered a 10.3% annualized return since its 1993 inception.
Discounters such as TJX, Ross Stores, and Burlington Stores appear stronger than ever, despite having to close during state lockdowns.
According to recent analysis, discount clothing stores in the United States may be bouncing back faster from COVID-19 than higher-priced apparel retailers. At that time, with TJX's stores having been reopened for only 19 days before the report, CEO Ernie Herrman stated, "Although it's still early and the retail environment remains uncertain, we have been encouraged with the very strong sales we have seen with our initial reopenings." Weekly sales and traffic figures seem to indicate that the major discount apparel retailers are returning to their pre-coronovirus condition more rapidly than full-price retailers such as J.C. Penney, which was forced into bankruptcy after a long struggle with various business problems.
Investors appear to have decided that the outlook for retailers isn't as bad as feared. Is that really true?
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 […]
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.
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.