Burlington Stores (NYSE:BURL) Downgraded by StockNews.com

StockNews.com downgraded shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a report released on Wednesday morning.

BURL has been the topic of several other reports. Telsey Advisory Group reiterated an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a research report on Thursday, August 29th. The Goldman Sachs Group upped their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Bank of America upped their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Monday, August 19th. Finally, Loop Capital upped their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average target price of $294.94.

Burlington Stores Price Performance

NYSE BURL opened at $251.65 on Wednesday. The firm’s 50-day simple moving average is $264.23 and its two-hundred day simple moving average is $236.70. Burlington Stores has a 52 week low of $116.33 and a 52 week high of $282.49. The company has a market cap of $16.06 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

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

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’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 value of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at $15,809,190.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred 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 sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 494 shares of the 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 sale, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,283 shares of company stock valued at $619,599 over the last quarter. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Burlington Stores

A number of institutional investors have recently made changes to their positions in BURL. AQR Capital Management LLC boosted its stake in shares of Burlington Stores by 2,542.2% during the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after purchasing an additional 238,585 shares during the period. Dimensional Fund Advisors LP lifted its stake in Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after acquiring an additional 207,959 shares during the period. Marshall Wace LLP purchased a new stake in Burlington Stores in the second quarter worth $47,725,000. Assenagon Asset Management S.A. lifted its stake in Burlington Stores by 1,917.3% in the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock worth $49,742,000 after acquiring an additional 196,986 shares during the period. Finally, Anomaly Capital Management LP lifted its stake in Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after acquiring an additional 187,760 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.