Burlington Stores (NYSE:BURL) Releases Earnings Results, Beats Estimates By $0.01 EPS

Burlington Stores (NYSE:BURL) posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01, RTT News reports. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. 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 Trading Down 1.5 %

Shares of NYSE BURL traded down $4.38 during midday trading on Tuesday, hitting $285.96. The stock had a trading volume of 929,242 shares, compared to its average volume of 1,005,339. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores has a fifty-two week low of $172.80 and a fifty-two week high of $298.89. The firm has a market cap of $18.15 billion, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 1.55 and a beta of 1.64. The company’s 50-day simple moving average is $263.27 and its 200 day simple moving average is $252.04.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BURL has been the subject of several research reports. TD Cowen boosted their price objective on shares of Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a research report on Monday, November 25th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. UBS Group lifted their price objective on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lifted their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Evercore ISI boosted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.