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

Shares of Burlington Stores, Inc. (NYSE:BURL) have received an average recommendation of “Buy” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Fifteen investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is $317.87.

Several research firms recently weighed in on BURL. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Robert W. Baird upped their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Citigroup lifted their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 1,481 shares of company stock worth $421,892 in the last ninety days. 0.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its stake in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $239,510,000. Proficio Capital Partners LLC acquired a new stake in shares of Burlington Stores during the 4th quarter worth approximately $20,965,000. Principal Financial Group Inc. increased its stake in Burlington Stores by 35.3% in the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock valued at $64,714,000 after acquiring an additional 59,173 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Burlington Stores by 3,041.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 30,912 shares of the company’s stock valued at $8,145,000 after purchasing an additional 29,928 shares in the last quarter.

Burlington Stores Trading Down 1.4 %

Burlington Stores stock opened at $268.27 on Thursday. The company has a market cap of $17.03 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 1.53 and a beta of 1.62. The firm has a 50-day moving average of $287.15 and a 200-day moving average of $270.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores has a one year low of $174.64 and a one year high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. On average, equities analysts expect that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Burlington Stores Company Profile

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.