Burlington Stores (NYSE:BURL) Receives “Outperform” Rating from Telsey Advisory Group

Burlington Stores (NYSE:BURL)‘s stock had its “outperform” rating reaffirmed by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $340.00 price objective on the stock. Telsey Advisory Group’s price target points to a potential upside of 36.32% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird increased their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Evercore ISI raised their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their price objective 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. Citigroup upped their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays cut their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus target price of $319.87.

Burlington Stores Trading Up 2.7 %

Shares of BURL opened at $249.42 on Thursday. The stock has a market capitalization of $15.83 billion, a P/E ratio of 34.17, a PEG ratio of 1.11 and a beta of 1.62. Burlington Stores has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a fifty day simple moving average of $273.89 and a two-hundred day simple moving average of $270.33.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. On average, research analysts anticipate that Burlington Stores will post 7.93 EPS for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 $17,613,121.59. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 1,481 shares of company stock worth $421,892. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Burlington Stores in the 4th quarter worth about $227,268,000. Massachusetts Financial Services Co. MA increased 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 purchasing an additional 666,934 shares in the last quarter. Capital International Investors increased 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 purchasing an additional 367,703 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Burlington Stores by 55.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company’s stock worth $191,560,000 after buying an additional 240,144 shares during the last quarter. Finally, Steadfast Capital Management LP bought a new position in shares of Burlington Stores in the fourth quarter worth approximately $67,075,000.

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.