Burlington Stores Inc (NYSE: BURL) has reported earnings for its first fiscal quarter (ending April 30) of $1.22 versus $0.50 for the same period a year ago. E.P.S. were $6.00 for the latest four quarters through April 30 versus $3.78 for the same period a year ago.
Recent Price Action
Burlington Stores Inc (NYSE: BURL) stock closed at $235.55 on 5/30/24 after a major increase of 17.6%. Moreover, trading volume in this advance was exceptionally high at 452% of normal. The stock has risen 24.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BURL is expected to continue to be a major Value Builder.
Burlington Stores has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Burlington Stores has a slightly negative Appreciation Score of 34 but a very high Power Rating of 87, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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