Burlington Stores, Inc. (NYSE:BURL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Burlington Stores, Inc. (NYSE:BURL) have received an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $297.56.

A number of brokerages have recently weighed in on BURL. The Goldman Sachs Group boosted their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America upped their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Evercore ISI lifted their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. TD Cowen increased their target price on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Loop Capital lifted their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th.

Burlington Stores Trading Up 4.9 %

Shares of Burlington Stores stock opened at $286.24 on Friday. The firm has a market cap of $18.22 billion, a PE ratio of 43.04, a P/E/G ratio of 1.39 and a beta of 1.64. Burlington Stores has a 1 year low of $168.49 and a 1 year high of $288.98. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The stock has a fifty day moving average price of $261.16 and a 200-day moving average price of $246.53.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. The business 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%. Burlington Stores’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities research analysts anticipate that Burlington Stores will post 7.94 EPS for the current year.

Insider Buying and Selling

In other news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BURL. O Shaughnessy Asset Management LLC raised its stake in Burlington Stores by 15.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,489 shares of the company’s stock valued at $810,000 after buying an additional 476 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Burlington Stores by 80.0% in the first quarter. UniSuper Management Pty Ltd now owns 900 shares of the company’s stock worth $209,000 after acquiring an additional 400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Burlington Stores during the first quarter valued at $258,000. EntryPoint Capital LLC lifted its holdings in Burlington Stores by 74.6% in the first quarter. EntryPoint Capital LLC now owns 316 shares of the company’s stock valued at $73,000 after acquiring an additional 135 shares during the period. Finally, Axxcess Wealth Management LLC bought a new position in Burlington Stores in the first quarter valued at about $209,000.

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.