Burlington Stores (NYSE:BURL) Releases Earnings Results

Burlington Stores (NYSE:BURL – Get Rating) released its quarterly earnings data on Thursday. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.09), MarketWatch Earnings reports. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Burlington Stores had a net margin of 4.39% and a return on equity of 85.14%. The business’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.59 EPS.

Shares of Burlington Stores stock traded up $14.25 on Thursday, hitting $170.54. 34,391 shares of the company were exchanged, compared to its average volume of 992,643. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76. The company has a 50-day moving average price of $192.84 and a 200 day moving average price of $230.18. Burlington Stores has a 1-year low of $142.41 and a 1-year high of $357.34. The company has a quick ratio of 0.78, a current ratio of 1.31 and a debt-to-equity ratio of 2.03.

A number of research firms have weighed in on BURL. Telsey Advisory Group reduced their price objective on Burlington Stores from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, March 4th. Gordon Haskett upgraded Burlington Stores from an “accumulate” rating to a “buy” rating and cut their price target for the company from $350.00 to $265.00 in a research note on Thursday, February 10th. Cowen cut their price target on Burlington Stores from $327.00 to $292.00 and set an “outperform” rating for the company in a research note on Tuesday, February 22nd. UBS Group cut their price target on Burlington Stores from $218.00 to $209.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Finally, Berenberg Bank restated a “buy” rating and issued a $292.00 price target on shares of Burlington Stores in a research note on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Burlington Stores has a consensus rating of “Buy” and an average price target of $282.48.

Several institutional investors have recently modified their holdings of BURL. EverSource Wealth Advisors LLC acquired a new position in shares of Burlington Stores during the 4th quarter worth approximately $38,000. KB Financial Partners LLC acquired a new position in shares of Burlington Stores during the 4th quarter worth approximately $41,000. Covestor Ltd boosted its holdings in shares of Burlington Stores by 98.8% during the 1st quarter. Covestor Ltd now owns 491 shares of the company’s stock worth $90,000 after purchasing an additional 244 shares during the last quarter. Prudential PLC acquired a new position in Burlington Stores in the first quarter valued at approximately $218,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Burlington Stores in the first quarter valued at approximately $246,000.

Burlington Stores Company Profile (Get Rating)

Burlington Stores, Inc operates as a retailer of branded apparel products 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.

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