Burlington Stores Inc. (NYSE:BURL) posted its earnings results on Tuesday. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.18. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Burlington Stores had a negative return on equity of 183.69% and a net margin of 3.22%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. Burlington Stores updated its Q4 guidance to $1.63-1.67 EPS and its FY17 guidance to $3.11-3.15 EPS.

Burlington Stores (NYSE:BURL) opened at 74.18 on Tuesday. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 31.77 and a beta of 0.47. The company’s 50-day moving average price is $75.64 and its 200-day moving average price is $72.01. Burlington Stores has a 12-month low of $40.89 and a 12-month high of $87.23.

Earnings History for Burlington Stores (NYSE:BURL)

BURL has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on Burlington Stores from $69.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Zacks Investment Research upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research note on Wednesday, November 16th. Credit Suisse Group AG reiterated a “hold” rating and issued a $75.00 target price on shares of Burlington Stores in a research note on Tuesday, September 13th. Morgan Stanley reiterated a “buy” rating and issued a $82.00 target price on shares of Burlington Stores in a research note on Friday, August 26th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $84.00 target price on shares of Burlington Stores in a research note on Monday, August 1st. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $86.24.

In related news, insider Eric Seeger sold 20,948 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $79.74, for a total value of $1,670,393.52. Following the sale, the insider now owns 38,905 shares of the company’s stock, valued at approximately $3,102,284.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $79.73, for a total value of $1,594,600.00. Following the completion of the sale, the chief executive officer now directly owns 586,822 shares in the company, valued at approximately $46,787,318.06. The disclosure for this sale can be found here. Insiders own 2.21% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Burlington Stores by 18.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 8,470,940 shares of the company’s stock valued at $686,316,000 after buying an additional 1,317,448 shares in the last quarter. Fiera Capital Corp bought a new stake in shares of Burlington Stores during the second quarter valued at approximately $80,654,000. Two Sigma Advisers LP bought a new stake in shares of Burlington Stores during the third quarter valued at approximately $88,045,000. Victory Capital Management Inc. raised its stake in shares of Burlington Stores by 481.7% in the third quarter. Victory Capital Management Inc. now owns 1,263,253 shares of the company’s stock valued at $102,349,000 after buying an additional 1,046,075 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Burlington Stores by 448.0% in the third quarter. PNC Financial Services Group Inc. now owns 869,720 shares of the company’s stock valued at $70,464,000 after buying an additional 711,003 shares in the last quarter.

About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.

5 Day Chart for NYSE:BURL

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