Burlington Stores, Inc. (NYSE:BURL) Given Average Recommendation of “Moderate Buy” by Brokerages

Burlington Stores, Inc. (NYSE:BURL) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $294.94.

A number of analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $300.00 target price on shares of Burlington Stores in a research note on Thursday, August 29th. Loop Capital boosted their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. 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. Finally, The Goldman Sachs Group raised their target price on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th.

Burlington Stores Stock Performance

Shares of NYSE:BURL opened at $253.43 on Tuesday. The company’s 50 day simple moving average is $264.01 and its 200 day simple moving average is $237.39. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 42.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. Burlington Stores has a 1 year low of $117.09 and a 1 year high of $282.49.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. As a group, research analysts predict that Burlington Stores will post 7.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated 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 sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores 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 completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction 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 sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at $15,809,190.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,283 shares of company stock worth $619,599. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Burlington Stores by 131.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,522 shares of the company’s stock valued at $586,000 after purchasing an additional 1,434 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Burlington Stores during the 1st quarter valued at $1,019,000. State of Michigan Retirement System boosted its holdings in Burlington Stores by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 15,700 shares of the company’s stock worth $3,645,000 after acquiring an additional 100 shares during the last quarter. Norden Group LLC bought a new stake in shares of Burlington Stores in the 1st quarter worth $438,000. Finally, Retirement Systems of Alabama raised its holdings in shares of Burlington Stores by 30.2% in the first quarter. Retirement Systems of Alabama now owns 121,193 shares of the company’s stock valued at $28,140,000 after purchasing an additional 28,130 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.