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

Burlington Stores (NYSE:BURL) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other equities analysts also recently issued reports on the stock. Evercore ISI increased their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Wells Fargo & Company boosted their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Barclays raised their price objective on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Loop Capital boosted their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, TD Cowen raised their price target on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $294.94.

Burlington Stores Stock Down 1.1 %

BURL stock opened at $252.89 on Wednesday. The stock has a 50-day simple moving average of $264.48 and a two-hundred day simple moving average of $236.08. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores has a twelve month low of $116.33 and a twelve month high of $282.49. The firm has a market capitalization of $16.14 billion, a PE ratio of 42.36, a PEG ratio of 1.28 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter last year, the firm posted $0.60 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. On average, equities analysts predict that Burlington Stores will post 7.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at $15,809,190.59. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,283 shares of company stock worth $619,599. 0.91% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in shares of Burlington Stores by 1,001.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,570 shares of the company’s stock valued at $1,204,000 after acquiring an additional 4,155 shares during the period. Tributary Capital Management LLC grew its holdings in Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after purchasing an additional 50 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Burlington Stores by 103.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,732 shares of the company’s stock valued at $1,774,000 after buying an additional 3,421 shares in the last quarter. Forsta AP Fonden raised its stake in shares of Burlington Stores by 5.4% during the 3rd quarter. Forsta AP Fonden now owns 23,500 shares of the company’s stock worth $6,192,000 after buying an additional 1,200 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in shares of Burlington Stores during the 3rd quarter valued at approximately $58,000.

Burlington Stores Company Profile

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.