Burlington Stores (NYSE:BURL) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Burlington Stores (NYSE:BURL) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $340.00 price objective on the stock.

BURL has been the subject of a number of other research reports. TD Cowen upped their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup lifted their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and increased their price target for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Morgan Stanley boosted their price objective on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Barclays reduced their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $319.87.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $242.06 on Thursday. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a 50 day moving average price of $273.89 and a 200 day moving average price of $270.33. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $15.37 billion, a P/E ratio of 33.16, a PEG ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results 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. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Sell-side analysts expect that Burlington Stores will post 7.93 EPS for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 1,481 shares of company stock valued at $421,892 over the last ninety days. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Several institutional investors and hedge funds have recently bought and sold shares of BURL. IFP Advisors Inc increased its holdings in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores in the third quarter valued at about $26,000. Fortitude Family Office LLC raised its holdings in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Burlington Stores in the 4th quarter worth about $31,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Burlington Stores in the third quarter valued at approximately $33,000.

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.