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

Burlington Stores, Inc. (NYSE:BURL) has received an average rating of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $308.00.

BURL has been the topic of several research analyst reports. Loop Capital increased their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Citigroup increased their price objective on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Bank of America boosted their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th.

Burlington Stores Price Performance

Shares of BURL stock opened at $291.22 on Wednesday. The stock’s fifty day simple moving average is $268.43 and its 200 day simple moving average is $258.54. Burlington Stores has a one year low of $174.64 and a one year high of $298.89. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of 39.89, a P/E/G ratio of 1.58 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. On average, analysts expect that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the sale, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was 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 of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,283 shares of company stock worth $638,628 in the last three months. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Several large investors have recently modified their holdings of BURL. Crewe Advisors LLC bought a new stake in Burlington Stores in the 2nd quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores in the third quarter valued at about $26,000. Brooklyn Investment Group acquired a new position in shares of Burlington Stores in the third quarter valued at about $33,000. Blue Trust Inc. increased its position in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares during the period. Finally, American National Bank acquired a new stake in Burlington Stores in the 2nd quarter worth about $47,000.

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.