Burlington Stores Inc (BURL) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $0.57 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.48. The company posted revenue of $1282.70 million in the period, compared to analysts expectations of $1268.82 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on Burlington Stores Inc. MKM Partners Initiated Burlington Stores Inc on Apr 5, 2016 to “Neutral”, Price Target of the shares are set at $57.Burlington Stores Inc was Downgraded by Citigroup to ” Neutral” on Mar 4, 2016. Company shares were Reiterated by Telsey Advisory Group on Mar 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $62 .
Burlington Stores Inc opened for trading at $55.57 and hit $56.66 on the upside on Wednesday, eventually ending the session at $55.87, with a gain of 0.31% or 0.17 points. The heightened volatility saw the trading volume jump to 22,96,539 shares. Company has a market cap of $4,027 M.
In a different news, on May 4, 2016, Thomas Kingsbury (President & CEO) sold 30,000 shares at $57.74 per share price. According to the SEC, on Mar 11, 2016, Fred Hand (Executive Vice President) sold 25,000 shares at $53.18 per share price. On Mar 9, 2016, Paul Sullivan (director) sold 13,199 shares at $54.08 per share price, according to the Form-4 filing with the securities and exchange commission.
Burlington Stores Inc. is a retailer of branded apparel. As of January 31 2015 the Company had 542 stores inclusive of an Internet store in 44 states of the United States and Puerto Rico. The Company’s offerings for women include dresses tops bottoms coats shoes suits and suit separates handbags intimates and sleepwear active wear sweaters swimwear and cover-ups jewelry and watches maternity beauty and fragrance and scrubs. The Company’s offerings for men include t-shirts suits and suit separates coats shoes pants button downs jeans shorts dress shirts polos hoodies and sweatshirts swim and active wear sports fan shop socks and underwear pajamas and robes grooming gadgets and gifts belts wallets and sweaters. The Company’s offerings for juniors include dresses tops bottoms shoes coats sweaters handbags sleepwear swimwear beauty and fragrance jewelry and watches.