Burlington Stores (NYSE:BURL) Trading Down 4.1% Following Analyst Downgrade

Shares of Burlington Stores, Inc. (NYSE:BURL) dropped 4.1% during mid-day trading on Friday after Citigroup lowered their price target on the stock from $344.00 to $340.00. Citigroup currently has a buy rating on the stock. Burlington Stores traded as low as $244.00 and last traded at $247.14. Approximately 121,063 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 984,389 shares. The stock had previously closed at $257.65.

BURL has been the subject of a number of other research reports. Morgan Stanley raised their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Robert W. Baird raised their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday. Barclays increased their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday. Finally, Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $323.73.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Burlington Stores

Several hedge funds have recently modified their holdings of BURL. Capital International Investors raised its stake in Burlington Stores by 7.7% during the fourth 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. SRS Investment Management LLC grew its stake in shares of Burlington Stores by 10.8% during the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock valued at $362,146,000 after buying an additional 123,973 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Burlington Stores by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock worth $308,403,000 after buying an additional 8,892 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of Burlington Stores by 23.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock worth $299,772,000 after acquiring an additional 197,187 shares during the last quarter. Finally, Anomaly Capital Management LP boosted its holdings in Burlington Stores by 21.9% during the 4th quarter. Anomaly Capital Management LP now owns 961,281 shares of the company’s stock valued at $274,023,000 after acquiring an additional 172,431 shares during the period.

Burlington Stores Stock Down 6.6 %

The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $15.28 billion, a PE ratio of 32.94, a P/E/G ratio of 1.11 and a beta of 1.62. The company’s 50 day moving average is $270.03 and its 200 day moving average is $269.80.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.