Burlington Stores (NYSE:BURL) announced its 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. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. Burlington Stores had a net margin of 5.23% and a return on equity of 100.00%. Burlington Stores’s revenue was up 38.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS.
Shares of NYSE BURL traded up $4.54 during mid-day trading on Thursday, reaching $290.09. The company had a trading volume of 1,572,214 shares, compared to its average volume of 575,028. The stock has a fifty day moving average of $282.40 and a two-hundred day moving average of $307.46. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.02 and a current ratio of 1.48. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 44.91 and a beta of 0.90. Burlington Stores has a 12-month low of $217.38 and a 12-month high of $357.34.
An institutional investor recently raised its position in Burlington Stores stock. Morgan Stanley lifted its stake in Burlington Stores, Inc. (NYSE:BURL) by 29.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,498 shares of the company’s stock after purchasing an additional 28,096 shares during the quarter. Morgan Stanley owned 0.18% of Burlington Stores worth $39,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Burlington Stores Company Profile
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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