Burlington Stores (NYSE:BURL) Downgraded by StockNews.com

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

Several other research firms have also commented on BURL. Wells Fargo & Company lifted their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Barclays boosted their target price on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Evercore ISI boosted their target price on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. The Goldman Sachs Group boosted their target price on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, BMO Capital Markets boosted their target price on Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $294.94.

Burlington Stores Stock Down 2.8 %

BURL stock opened at $259.92 on Friday. The firm has a market cap of $16.59 billion, a PE ratio of 43.54, a PEG ratio of 1.40 and a beta of 1.61. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.52 and a current ratio of 1.04. The firm’s 50 day moving average price is $254.69 and its 200-day moving average price is $224.87. Burlington Stores has a one year low of $115.66 and a one year high of $282.49.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. On average, equities research analysts anticipate that Burlington Stores will post 7.79 EPS for the current year.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the transaction, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

A number of institutional investors and hedge funds have recently modified their holdings of the company. Crewe Advisors LLC acquired a new position in Burlington Stores in the second quarter valued at $25,000. ORG Partners LLC acquired a new position in Burlington Stores in the second quarter valued at $38,000. Rise Advisors LLC acquired a new position in Burlington Stores in the first quarter valued at $40,000. Blue Trust Inc. boosted its stake in Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares in the last quarter. Finally, American National Bank acquired a new position in Burlington Stores in the second quarter valued at $47,000.

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.