Burlington Stores (NYSE:BURL) Hits New 52-Week High at $244.35

Shares of Burlington Stores, Inc. (NYSE:BURL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $244.35 and last traded at $242.34, with a volume of 156856 shares changing hands. The stock had previously closed at $239.98.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. TD Cowen lifted their price objective on shares of Burlington Stores from $209.00 to $257.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of Burlington Stores in a research note on Thursday, May 30th. UBS Group lifted their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. Finally, Evercore ISI lifted their target price on shares of Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $246.87.

Burlington Stores Stock Performance

The firm has a market cap of $15.35 billion, a P/E ratio of 40.29, a PEG ratio of 1.30 and a beta of 1.61. The stock’s 50 day moving average is $205.38 and its two-hundred day moving average is $202.62. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. As a group, equities analysts predict that Burlington Stores, Inc. will post 7.6 EPS for the current year.

Hedge Funds Weigh In On Burlington Stores

A number of large investors have recently modified their holdings of BURL. 1832 Asset Management L.P. increased its stake in Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after purchasing an additional 775,961 shares in the last quarter. Norges Bank bought a new stake in Burlington Stores in the fourth quarter valued at approximately $145,471,000. Bain Capital Public Equity Management II LLC bought a new stake in Burlington Stores in the fourth quarter valued at approximately $100,164,000. Los Angeles Capital Management LLC increased its stake in Burlington Stores by 466.1% in the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock valued at $114,612,000 after purchasing an additional 406,426 shares in the last quarter. Finally, Coatue Management LLC bought a new stake in Burlington Stores in the fourth quarter valued at approximately $77,735,000.

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.