Burlington Stores (NYSE:BURL) Raised to Buy at UBS Group

Burlington Stores (NYSE:BURL) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat reports. The brokerage presently has a $360.00 price objective on the stock, up from their prior price objective of $280.00. UBS Group’s price objective indicates a potential upside of 25.27% from the stock’s previous close.

Several other research firms have also commented on BURL. Evercore ISI increased their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley lifted their target price on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Robert W. Baird upped their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Barclays dropped their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $313.00.

Burlington Stores Stock Up 0.5 %

Shares of BURL stock opened at $287.37 on Friday. Burlington Stores has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The business’s fifty day moving average is $281.18 and its 200-day moving average is $265.36. The stock has a market cap of $18.24 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.63.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Burlington Stores’s revenue was up 10.5% compared to the same quarter last year. Equities analysts expect that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Large investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC lifted its stake in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter worth about $26,000. Brooklyn Investment Group acquired a new stake in shares of Burlington Stores in the third quarter worth about $33,000. UMB Bank n.a. boosted its stake in shares of Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after acquiring an additional 141 shares in the last quarter. Finally, AM Squared Ltd acquired a new position in shares of Burlington Stores during the 3rd quarter valued at about $53,000.

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.