StockNews.com Downgrades Burlington Stores (NYSE:BURL) to Hold

Burlington Stores (NYSE:BURL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

BURL has been the topic of a number of other reports. UBS Group boosted their price target on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. JPMorgan Chase & Co. boosted their price target on shares of Burlington Stores from $246.00 to $284.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Robert W. Baird boosted their price target on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Barclays upped their target price on shares of Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Finally, BMO Capital Markets upped their target price on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Trading Down 0.4 %

NYSE BURL opened at $238.31 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. The firm has a market cap of $15.21 billion, a PE ratio of 39.92, a P/E/G ratio of 1.29 and a beta of 1.61. Burlington Stores has a one year low of $115.66 and a one year high of $245.43. The firm’s fifty day moving average is $207.74 and its two-hundred day moving average is $203.12.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business posted $0.84 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year. Analysts expect that Burlington Stores will post 7.6 earnings per share for the current year.

Institutional Trading of Burlington Stores

Several institutional investors and hedge funds have recently modified their holdings of BURL. Cetera Investment Advisers purchased a new position in shares of Burlington Stores during the first quarter valued at approximately $2,851,000. Swedbank AB purchased a new position in shares of Burlington Stores during the first quarter valued at approximately $1,101,000. Wahed Invest LLC lifted its stake in shares of Burlington Stores by 13.1% during the first quarter. Wahed Invest LLC now owns 1,243 shares of the company’s stock valued at $289,000 after buying an additional 144 shares during the period. Plato Investment Management Ltd lifted its stake in shares of Burlington Stores by 928.6% during the first quarter. Plato Investment Management Ltd now owns 1,440 shares of the company’s stock valued at $334,000 after buying an additional 1,300 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of Burlington Stores by 178.4% during the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after buying an additional 3,949 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.