Burlington Stores (NYSE:BURL) Announces Quarterly Earnings Results

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

Burlington Stores Price Performance

BURL stock opened at $216.41 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.45 and a current ratio of 1.15. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $227.49. The firm’s fifty day moving average is $197.91 and its 200 day moving average is $166.79. The firm has a market cap of $13.96 billion, a P/E ratio of 41.22, a P/E/G ratio of 1.14 and a beta of 1.48.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Evercore ISI increased their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Morgan Stanley raised their price objective on shares of Burlington Stores from $167.00 to $182.00 and gave the company an “overweight” rating in a research report on Wednesday, November 22nd. Telsey Advisory Group restated an “outperform” rating and set a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. UBS Group raised their price objective on shares of Burlington Stores from $120.00 to $126.00 and gave the company a “sell” rating in a research report on Monday, November 27th. Finally, Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $210.69.

Hedge Funds Weigh In On Burlington Stores

Institutional investors and hedge funds have recently made changes to their positions in the business. Ethic Inc. grew its holdings in shares of Burlington Stores by 6.5% during the 1st quarter. Ethic Inc. now owns 1,188 shares of the company’s stock valued at $240,000 after purchasing an additional 73 shares during the last quarter. Caxton Associates LP bought a new stake in Burlington Stores in the 2nd quarter worth $239,000. American Trust bought a new stake in Burlington Stores in the 4th quarter worth $238,000. Prudential PLC bought a new stake in Burlington Stores in the 1st quarter worth $218,000. Finally, Creative Planning grew its holdings in Burlington Stores by 12.8% in the 3rd quarter. Creative Planning now owns 1,555 shares of the company’s stock worth $210,000 after acquiring an additional 177 shares during the last quarter.

Burlington Stores Company Profile

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.