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

Shares of Burlington Stores, Inc. (NYSE:BURL) have received a consensus rating of “Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Fifteen analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $317.87.

Several brokerages have recently issued reports on BURL. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Citigroup boosted their price objective on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the company from $280.00 to $360.00 in a report on Friday, January 10th. Barclays reduced their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Finally, Morgan Stanley boosted their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th.

Burlington Stores Trading Down 1.4 %

Burlington Stores stock opened at $268.27 on Thursday. The firm has a 50-day moving average price of $287.15 and a two-hundred day moving average price of $270.90. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $17.03 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 1.53 and a beta of 1.62. Burlington Stores has a 52-week low of $174.64 and a 52-week high of $298.89.

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

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 1,481 shares of company stock worth $421,892 in the last quarter. 0.91% of the stock is owned by company insiders.

Institutional Trading of Burlington Stores

Large investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. lifted its holdings in shares of Burlington Stores by 21.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 269 shares of the company’s stock valued at $77,000 after purchasing an additional 48 shares in the last quarter. Norden Group LLC bought a new position in shares of Burlington Stores during the fourth quarter worth about $218,000. Smartleaf Asset Management LLC raised its position in Burlington Stores by 48.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 186 shares of the company’s stock valued at $53,000 after buying an additional 61 shares during the last quarter. Chase Investment Counsel Corp lifted its stake in Burlington Stores by 4.4% in the 4th quarter. Chase Investment Counsel Corp now owns 1,369 shares of the company’s stock valued at $390,000 after acquiring an additional 58 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in Burlington Stores by 5.9% during the 4th quarter. Metis Global Partners LLC now owns 867 shares of the company’s stock worth $247,000 after acquiring an additional 48 shares during the last quarter.

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.