Burlington Stores (NYSE:BURL) Shares Down 4.6% – Here’s Why

Burlington Stores, Inc. (NYSE:BURL)’s stock price was down 4.6% on Monday . The company traded as low as $247.81 and last traded at $248.09. Approximately 556,440 shares were traded during trading, a decline of 25% from the average daily volume of 738,760 shares. The stock had previously closed at $260.03.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BURL shares. Barclays cut their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Citigroup lifted 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Morgan Stanley raised their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird upped 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. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $317.87.

Burlington Stores Trading Down 1.9 %

The stock has a fifty day moving average of $284.99 and a 200-day moving average of $271.33. The company has a market cap of $15.88 billion, a PE ratio of 34.28, a PEG ratio of 1.24 and a beta of 1.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.55 billion. During the same period last year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the business’s 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 sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,481 shares of company stock valued at $421,892 over the last quarter. 0.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Burlington Stores

Several hedge funds and other institutional investors have recently bought and sold shares of BURL. Sanctuary Advisors LLC acquired a new position in Burlington Stores during the second quarter valued at $488,000. CWM LLC raised its stake in shares of Burlington Stores by 95.0% during the 3rd quarter. CWM LLC now owns 5,266 shares of the company’s stock valued at $1,387,000 after buying an additional 2,566 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after buying an additional 141 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Burlington Stores by 400.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the company’s stock worth $132,000 after buying an additional 400 shares during the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Burlington Stores by 252.4% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 5,321 shares of the company’s stock worth $1,402,000 after acquiring an additional 3,811 shares during the period.

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.