Burlington Stores (NYSE:BURL) released its quarterly earnings results on Tuesday. The company reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.09, MarketWatch Earnings reports. Burlington Stores had a return on equity of 100.00% and a net margin of 5.23%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year.
Shares of Burlington Stores stock traded up $4.54 during trading on Thursday, hitting $290.09. 1,572,214 shares of the company were exchanged, compared to its average volume of 575,028. The firm has a market capitalization of $19.36 billion, a P/E ratio of 44.91 and a beta of 0.90. Burlington Stores has a 1-year low of $217.38 and a 1-year high of $357.34. The firm’s fifty day moving average price is $282.40 and its 200 day moving average price is $307.46. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.48 and a quick ratio of 1.02.
A hedge fund recently raised its stake in Burlington Stores stock. LPL Financial LLC lifted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 17.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,998 shares of the company’s stock after purchasing an additional 440 shares during the quarter. LPL Financial LLC’s holdings in Burlington Stores were worth $850,000 as of its most recent SEC filing.
About Burlington Stores
Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.
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