Burlington Stores (NYSE:BURL) Stock Price Down 4.1% on Analyst Downgrade

Burlington Stores, Inc. (NYSE:BURL)’s share price traded down 4.1% on Friday after Citigroup lowered their price target on the stock from $344.00 to $340.00. Citigroup currently has a buy rating on the stock. Burlington Stores traded as low as $244.00 and last traded at $247.14. 121,063 shares were traded during mid-day trading, a decline of 88% from the average session volume of 984,389 shares. The stock had previously closed at $257.65.

Other analysts have also issued research reports about the stock. TD Cowen lifted their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird lifted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley lifted their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Evercore ISI lifted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $323.20.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is owned by insiders.

Institutional Trading of Burlington Stores

Several large investors have recently made changes to their positions in BURL. Janney Montgomery Scott LLC grew its holdings in shares of Burlington Stores by 90.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 4,482 shares of the company’s stock worth $1,181,000 after purchasing an additional 2,123 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Burlington Stores by 3,041.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 30,912 shares of the company’s stock worth $8,145,000 after purchasing an additional 29,928 shares during the period. National Pension Service grew its holdings in shares of Burlington Stores by 3.3% during the 3rd quarter. National Pension Service now owns 118,719 shares of the company’s stock worth $31,280,000 after purchasing an additional 3,817 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Burlington Stores by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 23,230 shares of the company’s stock worth $6,121,000 after purchasing an additional 129 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Burlington Stores during the 3rd quarter worth $85,000.

Burlington Stores Trading Down 6.9 %

The firm has a market capitalization of $15.23 billion, a PE ratio of 32.87, a PEG ratio of 1.11 and a beta of 1.62. 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 business has a fifty day moving average price of $269.26 and a two-hundred day moving average price of $269.71.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.