Burlington Stores (NYSE:BURL) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Burlington Stores (NYSE:BURL) posted its quarterly earnings results on Thursday. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.15 by $0.21, Morningstar.com reports. Burlington Stores had a return on equity of 171.26% and a net margin of 6.11%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year.

Shares of NYSE:BURL opened at $202.49 on Friday. The company has a debt-to-equity ratio of 11.41, a current ratio of 0.93 and a quick ratio of 0.26. The firm has a market capitalization of $13.63 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 1.68 and a beta of 0.27. The firm’s 50-day moving average is $177.29 and its two-hundred day moving average is $165.79. Burlington Stores has a 1 year low of $136.30 and a 1 year high of $209.36.

Several research firms have recently commented on BURL. Guggenheim reiterated a “hold” rating on shares of Burlington Stores in a report on Thursday, May 30th. Morgan Stanley boosted their price objective on shares of Burlington Stores from $168.00 to $225.00 and gave the company an “overweight” rating in a report on Friday. Telsey Advisory Group boosted their price objective on shares of Burlington Stores from $165.00 to $210.00 and gave the company a “market perform” rating in a report on Friday. Robert W. Baird started coverage on shares of Burlington Stores in a report on Tuesday, May 14th. They issued an “outperform” rating and a $200.00 price objective on the stock. Finally, Wells Fargo & Co restated a “buy” rating on shares of Burlington Stores in a report on Thursday. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $196.75.

In other Burlington Stores news, insider Fred Hand sold 6,486 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $166.21, for a total transaction of $1,078,038.06. Following the sale, the insider now directly owns 62,558 shares in the company, valued at $10,397,765.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $165.16, for a total transaction of $3,303,200.00. Following the sale, the chief executive officer now owns 309,483 shares in the company, valued at $51,114,212.28. The disclosure for this sale can be found here. Insiders have sold 39,458 shares of company stock worth $6,630,907 over the last quarter. Insiders own 1.86% of the company’s stock.

Large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of Burlington Stores by 17.1% during the 4th quarter. Geode Capital Management LLC now owns 695,872 shares of the company’s stock valued at $113,122,000 after purchasing an additional 101,839 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Burlington Stores by 7.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,487 shares of the company’s stock valued at $1,486,000 after acquiring an additional 669 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Burlington Stores by 19.6% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 24,521 shares of the company’s stock valued at $3,842,000 after acquiring an additional 4,021 shares during the period. Quadrant Capital Group LLC lifted its position in Burlington Stores by 176.5% during the 1st quarter. Quadrant Capital Group LLC now owns 495 shares of the company’s stock valued at $77,000 after acquiring an additional 316 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Burlington Stores by 18.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,108 shares of the company’s stock valued at $2,210,000 after acquiring an additional 2,147 shares during the period.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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Earnings History for Burlington Stores (NYSE:BURL)

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