Burlington Stores (BURL) Releases Quarterly Earnings Results
Burlington Stores (NASDAQ:BURL) posted its quarterly earnings results on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03, Analyst Ratings Network reports. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion.
Shares of Burlington Stores (NASDAQ:BURL) opened at 28.17 on Tuesday. Burlington Stores has a 52 week low of $21.54 and a 52 week high of $32.98. The stock’s 50-day moving average is $28.19 and its 200-day moving average is $28.10. The company’s market cap is $2.077 billion.
On a related note, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Burlington Stores in a research note on Friday, March 21st. They now have a $32.00 price target on the stock, up previously from $29.00. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $30.93.
Burlington Stores, Inc is a national off-price retailer of branded apparel, operating 503 stores, inclusive of an Internet store, in 44 states and Puerto Rico.
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