Mon Sep 23 22:28:48 UTC 2024: ## Burlington Stores Director Sells Shares, Company Reports Strong Q2 Earnings

**New York, NY -** Burlington Stores, Inc. (NYSE: BURL) Director Paul Sullivan sold 1,705 shares of the company’s stock on September 19th, according to a recent SEC filing. The sale, executed at an average price of $277.05, brought in a total of $472,370.25. Following the transaction, Sullivan now directly owns 7,393 shares of Burlington Stores stock, valued at approximately $2,048,230.65.

This news comes amidst a strong second quarter for the company, with Burlington Stores reporting earnings per share (EPS) of $1.20, exceeding analyst estimates by $0.25. The company’s revenue for the quarter reached $2.47 billion, surpassing analysts’ expectations of $2.42 billion and marking a 13.4% increase year-over-year.

Despite the director’s sale, institutional investors and hedge funds remain bullish on Burlington Stores. CANADA LIFE ASSURANCE Co, Boulder Hill Capital Management LP, Meeder Asset Management Inc., American International Group Inc., and Tidal Investments LLC all increased their stakes in the company within recent quarters.

Analysts are optimistic about Burlington Stores’ future performance, forecasting earnings per share of 7.86 for the current year. The company’s strong financial position, with a quick ratio of 0.48, a current ratio of 1.04, and a debt-to-equity ratio of 1.15, further supports these positive projections.

Burlington Stores operates as a retailer of branded merchandise across the United States, offering a diverse range of products including apparel, footwear, accessories, toys, gifts, and home goods.

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