Telsey Advisory Group Reaffirms Outperform Rating for Burlington Stores (NYSE:BURL)

Burlington Stores (NYSE:BURL)‘s stock had its “outperform” rating reissued by investment analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $340.00 price objective on the stock. Telsey Advisory Group’s price target suggests a potential upside of 41.68% from the stock’s current price.

A number of other brokerages also recently issued reports on BURL. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Robert W. Baird lifted their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Evercore ISI lifted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Citigroup lifted their price objective 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. Finally, Morgan Stanley lifted their price objective 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. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $323.20.

Burlington Stores Trading Down 6.9 %

NYSE BURL opened at $239.98 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The company’s 50-day simple moving average is $269.26 and its two-hundred day simple moving average is $269.71. Burlington Stores has a one year low of $174.64 and a one year high of $298.89.

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

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

Institutional Trading of Burlington Stores

Several institutional investors and hedge funds have recently bought and sold shares of BURL. Norges Bank acquired a new stake in Burlington Stores during the 4th quarter valued at approximately $227,268,000. Massachusetts Financial Services Co. MA lifted its stake in Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares during the period. Capital International Investors lifted its stake in Burlington Stores by 7.7% during the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock valued at $1,470,929,000 after acquiring an additional 367,703 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Burlington Stores by 55.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company’s stock valued at $191,560,000 after acquiring an additional 240,144 shares during the period. Finally, Steadfast Capital Management LP acquired a new stake in Burlington Stores during the 4th quarter valued at approximately $67,075,000.

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.