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

Burlington Stores (NYSE:BURL) released its quarterly earnings data on Tuesday. The company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.09, MarketWatch Earnings reports. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. Burlington Stores had a return on equity of 100.00% and a net margin of 5.23%. The firm’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share.

Shares of NYSE BURL opened at $290.09 on Thursday. The business’s 50 day moving average price is $282.44 and its 200 day moving average price is $307.58. The firm has a market cap of $19.36 billion, a P/E ratio of 44.91 and a beta of 0.90. Burlington Stores has a 52 week low of $217.38 and a 52 week high of $357.34. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 2.63.

BURL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Burlington Stores from $364.00 to $316.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Burlington Stores from $380.00 to $427.00 and gave the stock an “overweight” rating in a report on Monday, August 16th. Robert W. Baird boosted their target price on shares of Burlington Stores from $370.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, August 27th. TheStreet downgraded shares of Burlington Stores from a “b” rating to a “c+” rating in a report on Monday, August 30th. Finally, Credit Suisse Group boosted their target price on shares of Burlington Stores from $354.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $351.37.

A hedge fund recently raised its stake in Burlington Stores stock. LPL Financial LLC boosted its position in Burlington Stores, Inc. (NYSE:BURL) by 17.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,998 shares of the company’s stock after buying an additional 440 shares during the period. LPL Financial LLC’s holdings in Burlington Stores were worth $850,000 as of its most recent filing with the Securities & 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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