Burlington Stores (NYSE:BURL) Releases Quarterly Earnings Results

Burlington Stores (NYSE:BURL) issued its quarterly earnings results on Thursday. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25, Zacks reports. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS.

Burlington Stores Trading Up 0.4 %

Shares of Burlington Stores stock traded up $1.07 on Friday, hitting $268.24. The stock had a trading volume of 1,034,710 shares, compared to its average volume of 919,358. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. Burlington Stores has a one year low of $115.66 and a one year high of $282.49. The stock’s 50-day simple moving average is $252.19 and its two-hundred day simple moving average is $222.45. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 1.36 and a beta of 1.61.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BURL. The Goldman Sachs Group increased their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird raised their price target on Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Morgan Stanley lifted their price target on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets increased their price objective on Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Finally, Evercore ISI raised their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $294.94.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.