Burlington Stores’ (BURL) Outperform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Burlington Stores (NYSE:BURL) in a report issued on Tuesday morning,Benzinga reports. The firm currently has a $310.00 price objective on the stock.

A number of other research analysts have also recently commented on the company. Barclays boosted their price target on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Morgan Stanley upped their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Bank of America lifted their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. Evercore ISI increased their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company lifted their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $301.06.

Burlington Stores Trading Down 1.6 %

Shares of NYSE:BURL opened at $286.94 on Tuesday. Burlington Stores has a 12-month low of $168.49 and a 12-month high of $298.89. The company has a market cap of $18.27 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.64. The stock has a 50 day moving average of $261.73 and a 200 day moving average of $248.76. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. As a group, equities research analysts expect that Burlington Stores will post 7.94 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was 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 directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Hedge funds and other institutional investors have recently bought and sold shares of the business. M&T Bank Corp increased its stake in Burlington Stores by 1.5% in the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after buying an additional 47 shares during the period. Tributary Capital Management LLC grew its stake in Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after acquiring an additional 50 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Burlington Stores by 20.4% during the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after acquiring an additional 53 shares during the period. Signaturefd LLC increased its position in shares of Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after acquiring an additional 54 shares during the period. Finally, Mount Lucas Management LP raised its stake in shares of Burlington Stores by 2.4% during the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after acquiring an additional 54 shares in the last quarter.

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.