Burlington Stores, Inc. (NYSE:BURL) Given Consensus Recommendation of “Buy” by Brokerages


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Shares of Burlington Stores, Inc. (NYSE:BURL) have been given an average rating of “Buy” by the twenty-five research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $280.39.

BURL has been the subject of several research reports. Robert W. Baird boosted their price target on Burlington Stores from $295.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, March 11th. Morgan Stanley boosted their price objective on Burlington Stores from $290.00 to $317.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 17th. Loop Capital boosted their price objective on Burlington Stores from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, March 5th. BMO Capital Markets boosted their price objective on Burlington Stores from $264.00 to $332.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 17th. Finally, Cowen boosted their price objective on Burlington Stores from $285.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, March 11th.

In related news, CMO Jennifer Vecchio sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $305.57, for a total value of $6,111,400.00. 1.48% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of BURL. Aequim Alternative Investments LP purchased a new stake in Burlington Stores during the 4th quarter worth about $627,000. Norges Bank purchased a new stake in Burlington Stores during the 4th quarter worth about $162,643,000. Great West Life Assurance Co. Can increased its holdings in Burlington Stores by 1,491.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 610,420 shares of the company’s stock worth $8,048,000 after purchasing an additional 572,059 shares during the period. Junto Capital Management LP purchased a new stake in Burlington Stores during the 4th quarter worth about $75,464,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Burlington Stores by 2.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,627,080 shares of the company’s stock worth $2,256,413,000 after purchasing an additional 235,333 shares during the period.

Shares of Burlington Stores stock traded up $6.41 on Thursday, reaching $313.04. The company’s stock had a trading volume of 801,005 shares, compared to its average volume of 589,429. The company has a market capitalization of $20.78 billion, a P/E ratio of -117.93 and a beta of 0.75. Burlington Stores has a 52-week low of $155.03 and a 52-week high of $321.86. The stock has a 50-day moving average price of $287.65 and a 200-day moving average price of $245.83. The company has a quick ratio of 1.02, a current ratio of 1.51 and a debt-to-equity ratio of 7.57.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Wednesday, March 3rd. The company reported $2.44 EPS for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.32. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Burlington Stores had a negative return on equity of 33.07% and a negative net margin of 2.92%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.25 earnings per share. Sell-side analysts forecast that Burlington Stores will post -2.84 earnings per share for the current fiscal year.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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