Burlington Stores (NYSE:BURL) Stock Rating Upgraded by StockNews.com

Burlington Stores (NYSE:BURL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Other equities research analysts have also recently issued research reports about the company. Bank of America upped their price target on Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Robert W. Baird raised their price target on Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. TD Cowen boosted their price objective on shares of Burlington Stores from $209.00 to $257.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. UBS Group raised their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Burlington Stores from $246.00 to $284.00 and gave the company an “overweight” rating in a report on Friday, May 31st. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.87.

Burlington Stores Trading Down 0.8 %

NYSE BURL opened at $233.62 on Thursday. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $212.27 and a 200 day moving average price of $204.74. The stock has a market capitalization of $14.91 billion, a P/E ratio of 39.13, a P/E/G ratio of 1.28 and a beta of 1.61. Burlington Stores has a 52-week low of $115.66 and a 52-week high of $245.43.

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

Institutional Investors Weigh In On Burlington Stores

Several hedge funds have recently modified their holdings of BURL. Rise Advisors LLC purchased a new position in shares of Burlington Stores in the 1st quarter worth about $40,000. Lindbrook Capital LLC grew its stake in Burlington Stores by 114.6% during the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after buying an additional 94 shares during the period. Mather Group LLC. purchased a new stake in Burlington Stores during the first quarter worth approximately $48,000. GAMMA Investing LLC acquired a new stake in shares of Burlington Stores in the fourth quarter worth $41,000. Finally, Fifth Third Bancorp purchased a new position in shares of Burlington Stores in the 4th quarter valued at $50,000.

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.