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.
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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