Burlington Stores (NYSE:BURL) Downgraded to “Hold” at StockNews.com

Burlington Stores (NYSE:BURL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other brokerages have also recently issued reports on BURL. Bank of America increased their target price on shares of Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Wells Fargo & Company increased their target price on shares of Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. increased their target price on shares of Burlington Stores from $246.00 to $284.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. BMO Capital Markets increased their target price on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Finally, Evercore ISI increased their target price on shares of Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Trading Down 0.4 %

Shares of BURL stock opened at $238.31 on Wednesday. Burlington Stores has a 52-week low of $115.66 and a 52-week high of $245.43. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 39.92, a P/E/G ratio of 1.29 and a beta of 1.61. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. The firm has a fifty day moving average of $207.74 and a 200-day moving average of $203.12.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. On average, equities research analysts forecast that Burlington Stores will post 7.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. bought a new position in shares of Burlington Stores in the 4th quarter valued at about $1,875,000. Amalgamated Bank raised its position in shares of Burlington Stores by 416.8% in the 4th quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock valued at $7,290,000 after acquiring an additional 30,233 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $3,540,000. State of Alaska Department of Revenue raised its position in shares of Burlington Stores by 77.8% in the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock valued at $3,204,000 after acquiring an additional 7,210 shares during the period. Finally, Clearbridge Investments LLC raised its position in shares of Burlington Stores by 19.3% in the 4th quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock valued at $122,746,000 after acquiring an additional 101,950 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.