Burlington Stores, Inc. (NYSE:BURL) Given Consensus Rating of “Moderate Buy” by Analysts

Burlington Stores, Inc. (NYSE:BURL) has earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat.com reports. One equities research 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 updated their coverage on the stock in the last year is $308.00.

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Loop Capital boosted their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America raised their price objective on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 30th. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI raised their price target 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.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,283 shares of company stock valued at $638,628. Company insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Institutional investors have recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in shares of Burlington Stores in the second quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores during the third quarter valued at about $26,000. Brooklyn Investment Group bought a new stake in Burlington Stores during the 3rd quarter valued at approximately $33,000. Blue Trust Inc. grew its stake in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares in the last quarter. Finally, American National Bank purchased a new position in Burlington Stores during the 2nd quarter valued at approximately $47,000.

Burlington Stores Stock Performance

NYSE:BURL opened at $291.22 on Wednesday. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 1.58 and a beta of 1.64. Burlington Stores has a fifty-two week low of $174.64 and a fifty-two week 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 stock has a fifty day moving average price of $268.43 and a 200-day moving average price of $258.54.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. Burlington Stores’s revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts anticipate that Burlington Stores will post 7.93 EPS for the current fiscal year.

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.