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

Shares of Burlington Stores, Inc. (NYSE:BURL) have been given a consensus rating of “Buy” by the sixteen ratings firms that are currently covering the company, Marketbeat reports. Sixteen analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $313.00.

Several research firms recently issued reports on BURL. Citigroup raised their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Barclays reduced their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Finally, Robert W. Baird lifted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors have recently bought and sold shares of BURL. Acadian Asset Management LLC acquired a new stake in Burlington Stores in the second quarter worth about $410,000. Choreo LLC bought a new stake in Burlington Stores in the second quarter worth about $280,000. Royal London Asset Management Ltd. raised its position in Burlington Stores by 1.0% in the second quarter. Royal London Asset Management Ltd. now owns 23,827 shares of the company’s stock worth $5,718,000 after acquiring an additional 243 shares in the last quarter. American Century Companies Inc. raised its position in Burlington Stores by 13.6% in the second quarter. American Century Companies Inc. now owns 531,017 shares of the company’s stock worth $127,444,000 after acquiring an additional 63,526 shares in the last quarter. Finally, Forsta AP Fonden raised its position in Burlington Stores by 59.3% in the second quarter. Forsta AP Fonden now owns 22,300 shares of the company’s stock worth $5,352,000 after acquiring an additional 8,300 shares in the last quarter.

Burlington Stores Stock Performance

NYSE:BURL opened at $287.37 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of $281.18 and a two-hundred day moving average price of $265.36. Burlington Stores has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a market capitalization of $18.24 billion, a P/E ratio of 39.37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.63.

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