Burlington Stores, Inc. (NYSE:BURL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Burlington Stores, Inc. (NYSE:BURL) have been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $297.56.

Several analysts have commented on BURL shares. Bank of America boosted their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company increased their price target on Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Morgan Stanley lifted their price objective on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Loop Capital increased their target price on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, TD Cowen raised their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report on Friday, August 30th.

Burlington Stores Stock Performance

NYSE:BURL opened at $286.24 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The stock has a 50-day simple moving average of $261.16 and a two-hundred day simple moving average of $246.53. The firm has a market capitalization of $18.22 billion, a PE ratio of 43.04, a P/E/G ratio of 1.39 and a beta of 1.64. Burlington Stores has a 52-week low of $168.49 and a 52-week high of $288.98.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the firm earned $0.60 EPS. The company’s revenue was up 13.4% on a year-over-year basis. Analysts forecast that Burlington Stores will post 7.94 EPS for the current year.

Insiders Place Their Bets

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crewe Advisors LLC purchased a new position in Burlington Stores during the 2nd quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores during the third quarter valued at about $26,000. Brooklyn Investment Group purchased a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $33,000. ORG Partners LLC acquired a new stake in Burlington Stores in the 2nd quarter worth approximately $38,000. Finally, Blue Trust Inc. grew its position in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 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.