Burlington Stores (NYSE:BURL) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of Burlington Stores (NYSE:BURL) from a neutral rating to a buy rating in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have $360.00 price objective on the stock, up from their prior price objective of $280.00.

Other research analysts also recently issued research reports about the company. Evercore ISI upped their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. TD Cowen upped their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird increased their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $313.00.

Burlington Stores Trading Up 0.5 %

Shares of BURL opened at $287.37 on Friday. 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 cap of $18.24 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 1.58 and a beta of 1.63. The stock has a fifty day moving average price of $280.29 and a two-hundred day moving average price of $264.88. Burlington Stores has a 52-week low of $174.64 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts predict that Burlington Stores will post 7.93 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores 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 value of $145,181.66. Following the completion of the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at $17,613,121.59. This trade 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 through this link. 0.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Burlington Stores

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after acquiring an additional 18,160 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Burlington Stores by 1,048.8% in the third 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 during the period. Anomaly Capital Management LP lifted its stake in shares of Burlington Stores by 34.6% during the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after buying an additional 187,760 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Burlington Stores by 2.2% during the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after buying an additional 14,080 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Burlington Stores by 54.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after buying an additional 207,959 shares during the last quarter.

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.