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

Burlington Stores (NYSE:BURL)‘s stock had its “outperform” rating reiterated by analysts at Telsey Advisory Group in a report issued on Tuesday, MarketBeat reports. They currently have a $310.00 price target on the stock. Telsey Advisory Group’s target price points to a potential upside of 7.42% from the company’s previous close.

BURL has been the subject of several other reports. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Loop Capital lifted their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Citigroup increased their price objective on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Morgan Stanley lifted their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, UBS Group increased their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Price Performance

Burlington Stores stock opened at $288.60 on Tuesday. The company has a market cap of $18.37 billion, a P/E ratio of 43.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. Burlington Stores has a one year low of $168.49 and a one year high of $298.89. The business has a fifty day moving average of $262.06 and a two-hundred day moving average of $249.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business earned $0.98 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts predict that Burlington Stores will post 7.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated 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 directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by insiders.

Institutional Trading of Burlington Stores

A number of institutional investors have recently modified their holdings of BURL. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores in the third quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new position in shares of Burlington Stores during the 2nd quarter valued at $25,000. Brooklyn Investment Group purchased a new stake in Burlington Stores during the 3rd quarter worth $33,000. ORG Partners LLC purchased a new stake in Burlington Stores during the 2nd quarter worth $38,000. Finally, UMB Bank n.a. increased its holdings in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after purchasing an additional 141 shares in the last quarter.

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.