Burlington Stores (NYSE:BURL) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Burlington Stores (NYSE:BURL) from a hold rating to a buy rating in a research note released on Sunday.

Several other analysts have also weighed in on BURL. Robert W. Baird increased their price target on Burlington Stores from $260.00 to $275.00 and gave the company an outperform rating in a report on Friday, May 31st. Citigroup raised their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a buy rating in a report on Friday, August 30th. TD Cowen raised their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a buy rating in a report on Friday, August 30th. Barclays raised their target price on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an overweight rating in a report on Friday, August 30th. Finally, Wells Fargo & Company raised their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an overweight rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores presently has an average rating of Moderate Buy and an average price target of $294.94.

Burlington Stores Price Performance

BURL stock opened at $277.45 on Friday. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $282.49. The firm has a market capitalization of $17.66 billion, a P/E ratio of 46.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The company has a fifty day simple moving average of $258.20 and a two-hundred day simple moving average of $227.61. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the business posted $0.60 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Analysts anticipate that Burlington Stores will post 7.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BURL. GAMMA Investing LLC grew its position in shares of Burlington Stores by 20.4% in the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after buying an additional 53 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Burlington Stores by 3.4% in the 1st quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock worth $386,000 after buying an additional 54 shares during the last quarter. Signaturefd LLC grew its position in shares of Burlington Stores by 9.1% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after buying an additional 54 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after buying an additional 61 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its position in shares of Burlington Stores by 6.5% in the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after buying an additional 65 shares during the last quarter.

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.