Burlington Stores (NYSE:BURL – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.25, Zacks reports. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year.
Burlington Stores Stock Performance
Shares of BURL traded up $1.07 during midday trading on Friday, reaching $268.24. 1,034,710 shares of the stock were exchanged, compared to its average volume of 919,358. The business’s 50-day moving average price is $252.19 and its 200 day moving average price is $222.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. Burlington Stores has a twelve month low of $115.66 and a twelve month high of $282.49. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 1.36 and a beta of 1.61.
Insider Transactions at Burlington Stores
In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.
Wall Street Analyst Weigh In
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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.
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