Burlington Stores, Inc. (NYSE:BURL) Receives Consensus Rating of “Moderate Buy” from Analysts

Burlington Stores, Inc. (NYSE:BURL) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $294.94.

BURL has been the subject of a number of recent analyst reports. Loop Capital upped their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company upped their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $300.00 price objective on shares of Burlington Stores in a research report on Thursday, August 29th. Finally, Morgan Stanley upped their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 30th.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,283 shares of company stock worth $619,599 in the last quarter. Corporate insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co raised its position in shares of Burlington Stores by 7.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock valued at $13,073,000 after buying an additional 3,867 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Burlington Stores in the first quarter valued at approximately $1,819,000. Tidal Investments LLC raised its position in shares of Burlington Stores by 178.4% in the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after buying an additional 3,949 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Burlington Stores in the first quarter valued at approximately $2,851,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Burlington Stores by 14.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company’s stock valued at $9,166,000 after buying an additional 5,032 shares in the last quarter.

Burlington Stores Stock Performance

BURL stock opened at $253.43 on Tuesday. The business’s fifty day moving average is $264.01 and its 200-day moving average is $237.39. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The company has a market cap of $16.18 billion, a P/E ratio of 42.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. Burlington Stores has a twelve month low of $117.09 and a twelve month high of $282.49.

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

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.