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

Burlington Stores (NYSE:BURL) announced its earnings results on Tuesday. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02, RTT News reports. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 EPS. Burlington Stores updated its FY 2024 guidance to 7.760-7.960 EPS and its Q4 guidance to $3.55-3.75 EPS.

Burlington Stores Stock Performance

BURL stock opened at $288.60 on Thursday. The company has a 50 day moving average price of $262.06 and a 200 day moving average price of $249.44. Burlington Stores has a fifty-two week low of $168.49 and a fifty-two week high of $298.89. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The stock has a market capitalization of $18.37 billion, a PE ratio of 43.40, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

BURL has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company increased their price objective on Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. The Goldman Sachs Group upped their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Monday, August 19th. Finally, UBS Group lifted their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $307.69.

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.