175.71 0.00 (0.00%)
After hours: 5:24PM EDT
|Bid||175.59 x 800|
|Ask||175.71 x 1400|
|Day's Range||166.54 - 177.98|
|52 Week Range||105.67 - 250.89|
|Beta (5Y Monthly)||0.63|
|PE Ratio (TTM)||25.43|
|Earnings Date||May 27, 2020 - May 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||212.14|
Burlington Stores (BURL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Moody's Investors Service, ("Moody's") today affirmed Burlington Coat Factory Warehouse Corp's ("Burlington") Corporate Family Rating at Ba1, its Probability of Default Rating at Ba1-PD, and the company's senior secured term loan at Ba1. In addition, Moody's downgraded its Speculative Grade Liquidity rating to SGL-2 from SGL-1.
Analysts think Costco’s coronavirus-related surge in business will continue for months to come as it gains members and e-commerce capabilities.
Many retailers are announcing temporary store closures and withdrawing their guidance in response to the coronavirus pandemic.
Burlington Stores, Inc. (BURL), a nationally recognized off-price retailer of high-quality, branded apparel at everyday low prices, provided an additional update regarding the impact of COVID-19 on its business operations. The Company announced today that it will temporarily close all of its stores effective the end of business on March 22, 2020. Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized off-price retailer with Fiscal 2019 net sales of $7.3 billion.
Burlington Stores Inc. said Thursday that it is withdrawing the guidance that it gave with its fourth-quarter earnings, announced on March 5, due to the coronavirus. The guidance did not include the impact of the outbreak. The off-price retailer says 100 stores across the country have temporarily closed, with financial support being provided to workers during the two-week period, and the corporate headquarters is closed. Burlington says it has $400 million of its $600 million credit facility and had $400 million in cash at the beginning of the fiscal year. Burlington stock is down 1.2% in Thursday trading and down 19.7% for the past year. The S&P 500 index has tumbled 15% for the last 12 months.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Unfortunately for some shareholders, the Burlington Stores (NYSE:BURL) share price has dived 46% in the last thirty...
The widespread destruction cost eight of the area’s 25 largest publicly traded companies at least 20% of their stock value.
Wedbush consumer analyst Jen Redding has a shopping list of stocks to buy amid a market-wide sell-off with a common theme of fashion names:The AnalystRedding upgraded: * Abercrombie & Fitch Co. (NYSE: ANF) from Neutral to Outperform, price target lifted from $14 to $16. * American Eagle Outfitters (NYSE: AEO) from Neutral to Outperform, unchanged $14 price target. * Burlington Stores Inc (NYSE: BURL) from Neutral to Outperform, price target lifted from $230 to $246. * Zumiez Inc. (NASDAQ: ZUMZ) from Underperform to Neutral, price target lowered from $28 to $23.Abercrombie (NYSE: ANF): 'Shares Oversold'The fashion retail sector is seeing a headwind from the coronavirus and the negative headlines are likely to continue, Redding wrote in the note. But shares of Abercombie have been pushed to valuation levels not seen since 2008 which makes it an "attractive pick." After all, the company showed a strong comp sales gain in early 2020.The stock is now trading at 2.5 times EV to forward EBITDA which is 68% below the group average of 7.8 times. Shares are also trading at a 71% P/E discount to its five-year average versus the group average trading at a 16% discount."Fundamentally we see upside driven by the company's strategy for square footage rationalization and store transformation, and appreciate the company's healthy balance sheet," the analyst wrote.American Eagle (NYSE: AEO): 'Room To Soar'American Eagle is a victim of the "market firesale" as shares are down around 28% since coronavirus concerns started to dominate headlines, Redding wrote. The stock is now trading at a 48% P/E discount to consensus EPS which is "well below" the group average of 17%.The company is backed by $417 million in cash and equivalents with zero long-term debt which is a "strength" in the current volatile environment, the analyst wrote. American Eagle has also presented multiple growth strategies, attractive product offerings and backed by a management team with a "blue chip" mentality focused on creating value.Burlington Stores (NYSE: BURL): 'Favorable' Strategy Off-price retailer Burlington announced a strategy for 2020 consisting of driving inventory levels lower by a double-digit rate, Redding wrote. Management also plans on improving its ability to take advantage of sales trends and maintain a degree of "freshness."Burlington is also looking to close its online store to better focus on sales growth and expansion in its profitable physical stores. This "favorable" strategy supports the case for an "attractive growth" profile moving forward, the analyst wrote.Zumiez (NASDAQ: ZUMZ): 'Resets Valuation'Zumiez's stock is trading at a P/E multiple of 8.8 times 2020 EPS estimate which is a "fair" valuation even though it represents a 56% discount from its five-year average, Redding wrote. The company also has 90% exposure to the U.S. market which represents a near-term concern given the current macro environment.The company's longer-term outlook looks more positive as momentum in hardgoods and men's categories could offset some weakness. Zumiez also has no long-term debt on the balance sheet.Related Links:Who's Shopping For Nordstrom's Stock? The Street DebatesTarget Analysts React To Q4 Earnings, Investor Day Presentation Photo by Anna Dziubinska on UnsplashLatest Ratings for AEO DateFirmActionFromTo Mar 2020WedbushUpgradesNeutralOutperform Mar 2020B. Riley FBRMaintainsBuy Mar 2020CFRAMaintainsBuy View More Analyst Ratings for AEO View the Latest Analyst Ratings See more from Benzinga * Cramer On Retailers: Adapt To Off-Price Or Fade Away(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
While many retailers are adding to their e-commerce capabilities, Burlington Stores has decided to shut down its digital shopping site.
Ross Stores Inc. said Monday that it plans to open 100 new stores in fiscal 2020, 75 Ross locations and 25 dd's Discounts locations. As off-price continues to thrive, companies like Ross Stores and Burlington Stores Inc. are focused on brick-and-mortar locations. Burlington announced, with its most recent earnings, that it would shut down its e-commerce capability entirely. Ross Dress for Less has opened 19 stores in February and March and there are seven new dd's Discounts locations over the time period. Ross has 1,565 locations across 39 states, Washington D.C. and Guam. And there are 266 dd's Discounts locations in 20 states. Ross stock is down 5.2% in Monday premarket trading, but up 15.1% over the last year. The ProShares Decline of the Retail Store ETF has gained 17% over the last year. And the S&P 500 index is up 8.4% for the past 12 months.
The market’s wild swings could signal further coronavirus-related turmoil. “A round trip after witnessing two of the biggest advances in a decade is bearish,” says one analyst.
Burlington Stores (BURL) posts robust bottom-line results in fourth-quarter fiscal 2019. However, the company plans to shut e-commerce operations to focus on the brick-and-mortar platform.
Long-Term Leader Burlington Stores topped Q4 earnings estimates, but guided low on Q1 and full-year EPS.
Burlington Stores’ better-than-expected profits managed to keep its shares in the green, despite lower guidance than Wall Street was anticipating.
Shares for Burlington Stores Inc. dropped nearly 3% in Thursday premarket trading after the retailer issued a cautious outlook.During the fourth quarter, the Burlington, N.J.-based company logged adjusted earnings per share of $3.25, beating analysts' bets of $3.23, on profits that climbed 12% to $206 million. Revenues rose 10.5% to match the $2.2 billion expected by Wall Street, and same-store sales improved 3.9%."We are pleased with our fourth-quarter results," CEO Michael O'Sullivan added in a statement. "In addition, our inventory management made further progress during the fourth quarter…putting us in a very opportunistic inventory position as we enter fiscal 2020."However, Burlington's guidance for the next quarter fell below forecasts: It anticipates a sales gain of 8% to 9% and for earnings between $1.29 and $1.34, compared with predictions of earnings per share of $1.42.Looking ahead, the company expects full-year revenues to grow 8% to 9% and adjusted EPS in the range of $7.97 to $8.12.In recent years, Burlington has made a number of progressive business steps, including ditching massive promotions, enhancing its stores' treasure hunt experience and expanding its merchandise assortment. It dropped the name "Coat Factory" in 2009 as part of former CEO Thomas Kingsbury's turnaround strategy, which helped grow its share price from around $30 in 2014 to a high of $180 in late 2018.Rival off-pricer Ross Stores Inc., on the other hand, recently posted better-than-expected earnings but warned of potential supply chain disruptions as the novel coronavirus has cast uncertainty over many retailers that do business in China.Over the past few years, discount retailers have consistently bucked industry-wide trends amid retail turbulence spurred by digital disruption, among other factors. Experts believe a significant factor in the success and agility of such chains has been their ability to offer both cheap prices and a treasure hunt experience that engages shoppers with key brand-name finds.Want more?Another Win for Off-Price: Burlington Stock Jumps on Q3 Earnings BeatHow Nordstrom, Amazon and Other Retailers Stack Up in Customer SatisfactionMore from Footwear News * Why Burlington Is Going Against the Grain and Ditching Digital * The Most Notable CEO Exits in Retail, Fashion and Footwear This Year * Off-Price Wars: How Burlington, Ross and T.J. Maxx Stacked Up in Q1
Burlington Stores (BURL) delivered earnings and revenue surprises of 0.93% and -0.23%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
Burlington Stores Inc. shares slid 2.9% in premarket trade Thursday after the discount retailer beat profit estimates for its fiscal fourth quarter but offered guidance for the first quarter that lagged estimates. The company said it had net income of $206 million, or $3.08 a share, in the quarter, up from $184.4 million, or $2.70 a share, in the year-earlier period. Adjusted per-share earnings came to $3.25, ahead of the $3.23 FactSet consensus. Sales rose 10.5% to match the $2.201 billion FactSet consensus. Same-store sales rose 3.9%, ahead of the 3.8% FactSet consensus. The company is now expecting fiscal 2020 sales to grow 8% to 9% and adjusted EPS to range from $7.97 to $8.12, ahead of the $7.38 FactSet consensus. For the first quarter, it expects sales to rise 8% to 9% and for adjusted EPS to range from $1.29 to $1.34, below the $1.45 FactSet consensus. Shares have gained 31% in the last 12 months, while the S&P 500 has gained 12%.
On a GAAP basis, for the fiscal 2019 fourth quarter compared with the fiscal 2018 fourth quarter, -- Total sales rose 10.5%, net income increased 12%, EPS increased 14% to.