Burlington Stores (NYSE:BURL) Shares Down 2.2%

Burlington Stores, Inc. (NYSE:BURL)’s stock price was down 2.2% during trading on Friday . The stock traded as low as $267.33 and last traded at $268.81. Approximately 43,153 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 895,469 shares. The stock had previously closed at $274.76.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BMO Capital Markets increased their target price on Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Wells Fargo & Company raised their price objective 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. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Monday, August 19th. Finally, Morgan Stanley upped their price objective on Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Stock Down 3.2 %

The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average of $262.95 and a 200-day moving average of $231.26. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (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 company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was 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 directly 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 this link. In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief marketing officer now owns 61,907 shares in the company, valued at approximately $15,809,190.59. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BURL. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Burlington Stores by 7.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock valued at $13,073,000 after buying an additional 3,867 shares during the period. Boulder Hill Capital Management LP acquired a new position in shares of Burlington Stores in the 4th quarter worth approximately $2,237,000. Meeder Asset Management Inc. bought a new stake in shares of Burlington Stores in the 1st quarter worth approximately $1,819,000. American International Group Inc. raised its holdings in shares of Burlington Stores by 7,754.2% in the 4th quarter. American International Group Inc. now owns 88,203 shares of the company’s stock worth $17,154,000 after purchasing an additional 87,080 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in Burlington Stores by 178.4% during the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after purchasing an additional 3,949 shares during the last quarter.

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.