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

Shares of Burlington Stores, Inc. (NYSE:BURL) have earned a consensus rating of “Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is $317.87.

A number of equities analysts recently weighed in on BURL shares. Morgan Stanley boosted their price target 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. Citigroup boosted their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. UBS Group upgraded 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. Finally, Evercore ISI upped their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction 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 transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 1,481 shares of company stock valued at $421,892. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its holdings in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in Burlington Stores during the third quarter worth about $26,000. Fortitude Family Office LLC lifted its position in shares of Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores in the fourth quarter valued at approximately $31,000. Finally, Brooklyn Investment Group acquired a new position in shares of Burlington Stores in the third quarter valued at approximately $33,000.

Burlington Stores Stock Performance

Shares of NYSE:BURL opened at $250.23 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores has a 1 year low of $174.64 and a 1 year high of $298.89. The firm has a market capitalization of $15.88 billion, a PE ratio of 34.28, a P/E/G ratio of 1.24 and a beta of 1.62. The business’s 50 day moving average price is $284.17 and its 200-day moving average price is $271.18.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities 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.