Burlington Stores (NYSE:BURL) Announces Earnings Results, Beats Estimates By $0.02 EPS

Burlington Stores (NYSE:BURL) posted its quarterly earnings results on Thursday. The company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02, Yahoo Finance reports. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. Burlington Stores’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.96 earnings per share.

Burlington Stores Price Performance

Shares of BURL opened at $216.41 on Friday. Burlington Stores has a fifty-two week low of $115.66 and a fifty-two week high of $227.49. The firm’s 50 day moving average price is $197.91 and its 200 day moving average price is $166.79. The company has a market cap of $13.96 billion, a P/E ratio of 41.22, a PEG ratio of 1.14 and a beta of 1.48. The company has a quick ratio of 0.45, a current ratio of 1.15 and a debt-to-equity ratio of 1.40.

Institutional Investors Weigh In On Burlington Stores

Several large investors have recently added to or reduced their stakes in BURL. Bank of Montreal Can increased its stake in Burlington Stores by 5.8% during the 1st quarter. Bank of Montreal Can now owns 6,412 shares of the company’s stock worth $1,222,000 after buying an additional 349 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Burlington Stores during the 1st quarter worth approximately $246,000. MetLife Investment Management LLC acquired a new position in Burlington Stores during the 1st quarter worth approximately $751,000. Yousif Capital Management LLC grew its holdings in Burlington Stores by 8.5% during the 1st quarter. Yousif Capital Management LLC now owns 1,538 shares of the company’s stock worth $280,000 after acquiring an additional 120 shares in the last quarter. Finally, Raymond James Trust N.A. grew its holdings in Burlington Stores by 14.9% during the 1st quarter. Raymond James Trust N.A. now owns 1,471 shares of the company’s stock worth $268,000 after acquiring an additional 191 shares in the last quarter.

Analysts Set New Price Targets

BURL has been the topic of a number of recent research reports. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday. Evercore ISI boosted their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $155.00 to $240.00 in a report on Wednesday, January 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 price target (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Finally, Morgan Stanley boosted their price target on shares of Burlington Stores from $167.00 to $182.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $210.69.

About Burlington Stores

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.