Burlington Stores (NYSE:BURL) Lowered to Hold at StockNews.com

StockNews.com lowered shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Several other equities analysts also recently commented on the company. Robert W. Baird upped their target price on Burlington Stores from $260.00 to $275.00 and gave the company an outperform rating in a research report on Friday, May 31st. Morgan Stanley cut their price target on Burlington Stores from $233.00 to $218.00 and set an overweight rating for the company in a research note on Monday, May 6th. Citigroup boosted their price target on Burlington Stores from $258.00 to $276.00 and gave the company a buy rating in a research note on Friday, May 31st. UBS Group boosted their price target on Burlington Stores from $212.00 to $238.00 and gave the company a neutral rating in a research note on Monday, June 3rd. Finally, Barclays boosted their price target on Burlington Stores from $252.00 to $274.00 and gave the company an overweight rating in a research note on Friday, May 31st. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $246.87.

Burlington Stores Price Performance

Burlington Stores stock opened at $239.32 on Wednesday. Burlington Stores has a 12 month low of $115.66 and a 12 month high of $245.43. The stock’s 50 day moving average is $206.56 and its 200-day moving average is $202.87. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 40.09, a PEG ratio of 1.29 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts expect that Burlington Stores will post 7.6 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Lindbrook Capital LLC lifted its stake in shares of Burlington Stores by 114.6% in the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after acquiring an additional 94 shares during the last quarter. Rise Advisors LLC bought a new position in shares of Burlington Stores in the 1st quarter valued at $40,000. GAMMA Investing LLC bought a new position in shares of Burlington Stores in the 4th quarter valued at $41,000. Mather Group LLC. bought a new position in shares of Burlington Stores in the 1st quarter valued at $48,000. Finally, Fifth Third Bancorp bought a new position in shares of Burlington Stores in the 4th quarter valued at $50,000.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.