Burlington Stores (NYSE:BURL) Earns “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Burlington Stores (NYSE:BURL) in a report released on Tuesday,Benzinga reports. The brokerage currently has a $310.00 price target on the stock.

BURL has been the topic of a number of other research reports. TD Cowen raised their price objective on Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Citigroup lifted their price target 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. Finally, The Goldman Sachs Group increased their price objective on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $301.06.

Burlington Stores Trading Down 1.6 %

NYSE:BURL opened at $286.94 on Tuesday. The firm has a 50-day simple moving average of $261.73 and a 200-day simple moving average of $248.76. Burlington Stores has a one year low of $168.49 and a one year high of $298.89. The firm has a market cap of $18.27 billion, a P/E ratio of 43.19, a P/E/G ratio of 1.46 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. Burlington Stores’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Equities analysts anticipate that Burlington Stores will post 7.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by insiders.

Institutional Trading of Burlington Stores

A number of hedge funds have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the period. AQR Capital Management LLC increased its holdings in Burlington Stores by 2,542.2% in the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after buying an additional 238,585 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after acquiring an additional 207,959 shares during the period. Marshall Wace LLP purchased a new stake in shares of Burlington Stores during the 2nd quarter worth about $47,725,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Burlington Stores by 1,917.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after acquiring an additional 196,986 shares during the period.

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.