Burlington Stores (NYSE:BURL) Issues Earnings Results

Burlington Stores (NYSE:BURL) announced its quarterly earnings data on Thursday. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.38, Briefing.com reports. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS.

Burlington Stores Price Performance

Burlington Stores stock opened at $240.05 on Friday. The stock has a 50-day moving average price of $197.09 and a two-hundred day moving average price of $194.09. Burlington Stores has a 12 month low of $115.66 and a 12 month high of $243.64. The company has a market capitalization of $15.33 billion, a PE ratio of 40.21, a P/E/G ratio of 1.32 and a beta of 1.54. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 1.20.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

BURL has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen increased their price target on shares of Burlington Stores from $209.00 to $257.00 and gave the stock a “hold” rating in a research report on Friday. UBS Group raised shares of Burlington Stores from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $126.00 to $212.00 in a research note on Thursday, May 2nd. Morgan Stanley cut their target price on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Finally, StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $245.13.

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.