Burlington Stores (NYSE:BURL) Trading Down 2.2%

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on BURL. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday, August 19th. Morgan Stanley boosted their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Citigroup boosted their target price 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. TD Cowen boosted their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Bank of America boosted their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $294.94.

Burlington Stores Stock Performance

The firm’s 50-day moving average price is $263.36 and its two-hundred day moving average price is $231.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 44.41, a PEG ratio of 1.39 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data 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. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. Burlington Stores’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. On average, analysts expect that Burlington Stores, Inc. 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 business’s stock in a transaction dated 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 directly owns 61,907 shares in the company, valued at $15,809,190.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was 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 of the company’s stock, valued at $2,048,230.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the company’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 value of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Burlington Stores by 20.4% in the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after acquiring an additional 53 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Burlington Stores by 3.4% in the first quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock valued at $386,000 after acquiring an additional 54 shares during the period. Signaturefd LLC boosted its holdings in shares of Burlington Stores by 9.1% in the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after acquiring an additional 54 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Burlington Stores by 0.5% during the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after purchasing an additional 61 shares during the period. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Burlington Stores by 6.5% during the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after purchasing an additional 65 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.