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

Burlington Stores, Inc. (NYSE:BURL) has been assigned an average recommendation of “Buy” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $323.20.

BURL has been the subject of a number of research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. TD Cowen increased their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays lifted their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Citigroup cut their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Robert W. Baird lifted their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 5,926 shares of company stock valued at $1,461,774 in the last ninety days. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

A number of institutional investors and hedge funds have recently bought and sold shares of BURL. IFP Advisors Inc raised its holdings in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after buying an additional 40 shares during the last quarter. Fortitude Family Office LLC increased its position in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores in the 3rd quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores in the fourth quarter worth about $31,000. Finally, Brooklyn Investment Group acquired a new position in shares of Burlington Stores during the third quarter worth approximately $33,000.

Burlington Stores Stock Up 0.5 %

BURL stock opened at $245.75 on Friday. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of 33.66, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The company has a 50-day moving average of $254.91 and a two-hundred day moving average of $266.54. Burlington Stores has a 52-week low of $174.64 and a 52-week high of $298.89. 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 earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, equities research analysts anticipate that Burlington Stores will post 7.93 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.