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

Burlington Stores, Inc. (NYSE:BURL) has earned an average rating of “Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Fifteen investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $323.20.

Several analysts have issued reports on BURL shares. TD Cowen upped their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird upped their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday. Barclays upped their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

Several large investors have recently made changes to their positions in the business. Siemens Fonds Invest GmbH acquired a new stake in shares of Burlington Stores in the fourth quarter worth $19,812,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Burlington Stores during the 4th quarter valued at $11,486,000. Polar Asset Management Partners Inc. boosted its stake in Burlington Stores by 188.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 52,535 shares of the company’s stock valued at $14,976,000 after acquiring an additional 34,335 shares during the last quarter. Challenger Wealth Management bought a new position in Burlington Stores during the 4th quarter valued at $257,000. Finally, Mackenzie Financial Corp bought a new position in Burlington Stores during the 4th quarter valued at $1,288,000.

Burlington Stores Trading Down 6.9 %

Shares of BURL opened at $239.98 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The firm’s 50-day moving average is $269.26 and its two-hundred day moving average is $269.71. Burlington Stores has a twelve month low of $174.64 and a twelve month high of $298.89. The firm has a market capitalization of $15.23 billion, a P/E ratio of 32.87, a PEG ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, research analysts predict that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

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.