Burlington Stores (NYSE:BURL) Posts Earnings Results, Beats Expectations By $0.09 EPS

Burlington Stores (NYSE:BURL) posted its quarterly earnings results on Tuesday. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.09, MarketWatch Earnings reports. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. Burlington Stores had a return on equity of 100.00% and a net margin of 5.23%. The business’s revenue was up 38.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share.

BURL traded up $4.54 during trading on Thursday, reaching $290.09. The company’s stock had a trading volume of 1,572,214 shares, compared to its average volume of 575,028. Burlington Stores has a 52-week low of $217.38 and a 52-week high of $357.34. The company’s fifty day moving average price is $282.44 and its 200-day moving average price is $307.58. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 44.91 and a beta of 0.90. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.02 and a current ratio of 1.48.

Several research firms have recently commented on BURL. Telsey Advisory Group raised their price target on Burlington Stores from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, August 23rd. Berenberg Bank reaffirmed a “hold” rating and set a $333.00 price objective on shares of Burlington Stores in a report on Friday, September 3rd. TheStreet lowered Burlington Stores from a “b” rating to a “c+” rating in a report on Monday, August 30th. Credit Suisse Group raised their price objective on Burlington Stores from $354.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Burlington Stores from $364.00 to $316.00 and set a “buy” rating on the stock in a report on Wednesday. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $351.37.

An institutional investor recently raised its position in Burlington Stores stock. Morgan Stanley raised its holdings in Burlington Stores, Inc. (NYSE:BURL) by 29.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,498 shares of the company’s stock after purchasing an additional 28,096 shares during the quarter. Morgan Stanley owned 0.18% of Burlington Stores worth $39,442,000 as of its most recent filing with the Securities and Exchange Commission.

Burlington Stores Company Profile

Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

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Earnings History for Burlington Stores (NYSE:BURL)

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