Burlington Stock Bounces After Earnings Beat

BURL stock rises slightly amidst a positive Q4 report

Deputy Editor
Mar 5, 2020 at 11:46 AM
facebook twitter linkedin


Shares of Burlington Stores Inc (NYSE:BURL) are up 1.1% at $221.12 this morning after announcing fourth-quarter profits of $3.25 per share, which was right on the money for Wall Street’s estimations, and a 42-cent increase from the same quarter last year. And while the retail sector continues to struggle amidst the growing coronavirus outbreak, BURL was happy to report revenue of $2.20 billion, which also beat analysts' expectations. 

While Burlington appears to have pulled back after hitting an all-time high of $250.89 last month, most of these losses were captured by the stock's $210 level. Now, BURL is pushing back up against its 30-day moving average, which happens to coincide with the equity's year-to-date breakeven level. 

Most analysts are extremely optimistic on BURL. In fact, just three of the 17 in coverage call the stock a "hold," while the rest say "buy" or better.Meanwhile, the security's consensus 12-month target price of $248.48 sits just below its record high and is a 9.4% premium to current levels. 

In the options pits, Burlington’s 10-day call/put volume ratio of 2.25 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 86% of all other readings from the past 12 months. Simply put, long calls have been purchased over long puts at a faster-than-usual clip.

 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

Schaeffer's Investment Research Stock Pick Report
 


 


 
Special Offers from Schaeffer's Trading Partners