Burlington Stores (NYSE:BURL) had its price objective increased by Telsey Advisory Group from $225.00 to $240.00 in a research report sent to investors on Tuesday, Briefing.com Automated Import reports. Telsey Advisory Group currently has a market perform rating on the stock.
BURL has been the topic of several other research reports. Nomura lifted their price objective on shares of Burlington Stores from $220.00 to $252.00 and gave the stock a buy rating in a research report on Wednesday, November 27th. Evercore ISI reissued a buy rating on shares of Burlington Stores in a research report on Thursday, November 28th. Royal Bank of Canada initiated coverage on shares of Burlington Stores in a research note on Monday, November 11th. They set an outperform rating and a $230.00 price objective for the company. Loop Capital reaffirmed a buy rating and set a $240.00 price objective on shares of Burlington Stores in a research note on Wednesday, November 27th. Finally, Cowen boosted their price target on shares of Burlington Stores from $225.00 to $245.00 and gave the stock an outperform rating in a research note on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Burlington Stores has an average rating of Buy and a consensus target price of $226.40.
NYSE:BURL opened at $245.68 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.26 and a debt-to-equity ratio of 8.28. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.97 and a beta of 0.30. The firm has a fifty day simple moving average of $228.10 and a two-hundred day simple moving average of $206.56. Burlington Stores has a 12 month low of $136.30 and a 12 month high of $246.72.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.14. The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Burlington Stores had a net margin of 6.26% and a return on equity of 145.12%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.21 earnings per share. Equities analysts predict that Burlington Stores will post 7.38 earnings per share for the current fiscal year.
In other Burlington Stores news, Chairman Thomas Kingsbury sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $231.89, for a total transaction of $5,797,250.00. Following the sale, the chairman now owns 141,441 shares in the company, valued at approximately $32,798,753.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Jennifer Vecchio sold 17,016 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $226.00, for a total transaction of $3,845,616.00. Following the sale, the chief marketing officer now owns 40,060 shares in the company, valued at approximately $9,053,560. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,874 shares of company stock worth $21,767,465. 1.86% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. raised its position in shares of Burlington Stores by 1.0% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 4,880 shares of the company’s stock valued at $1,113,000 after buying an additional 47 shares during the last quarter. Trillium Asset Management LLC grew its holdings in shares of Burlington Stores by 0.5% in the third quarter. Trillium Asset Management LLC now owns 10,721 shares of the company’s stock valued at $2,142,000 after purchasing an additional 55 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Burlington Stores by 1.9% in the fourth quarter. Advisor Group Inc. now owns 3,890 shares of the company’s stock valued at $887,000 after purchasing an additional 74 shares in the last quarter. Utah Retirement Systems grew its holdings in shares of Burlington Stores by 0.8% in the fourth quarter. Utah Retirement Systems now owns 12,508 shares of the company’s stock valued at $2,852,000 after purchasing an additional 100 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Burlington Stores by 9.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,118 shares of the company’s stock worth $255,000 after buying an additional 101 shares during the period.
About Burlington Stores
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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