Burlington Stores (NYSE:BURL) Raised to “Neutral” at UBS Group

UBS Group upgraded shares of Burlington Stores (NYSE:BURL) from a sell rating to a neutral rating in a research note published on Thursday, Marketbeat reports. UBS Group currently has $212.00 target price on the stock, up from their prior target price of $126.00.

A number of other research firms have also commented on BURL. Telsey Advisory Group reiterated an outperform rating and set a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Evercore ISI boosted their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an outperform rating in a report on Friday, February 23rd. Piper Sandler upgraded shares of Burlington Stores from a neutral rating to an overweight rating and raised their target price for the stock from $155.00 to $240.00 in a report on Wednesday, January 17th. Finally, StockNews.com raised Burlington Stores from a hold rating to a buy rating in a report on Saturday, March 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $216.06.

Burlington Stores Stock Performance

Shares of NYSE BURL traded up $1.37 during midday trading on Thursday, hitting $185.68. The company’s stock had a trading volume of 648,616 shares, compared to its average volume of 1,017,087. The firm has a market cap of $11.86 billion, a P/E ratio of 35.37, a P/E/G ratio of 1.08 and a beta of 1.54. Burlington Stores has a 1-year low of $115.66 and a 1-year high of $232.69. The firm’s fifty day moving average price is $204.39 and its 200-day moving average price is $183.92. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 7th. The company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the prior year, the business earned $2.96 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts forecast that Burlington Stores will post 7.41 EPS for the current fiscal year.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the transaction, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

A number of institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC lifted its position in shares of Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after buying an additional 94 shares during the period. Rise Advisors LLC bought a new position in shares of Burlington Stores during the first quarter valued at $40,000. GAMMA Investing LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at $41,000. Mather Group LLC. bought a new stake in shares of Burlington Stores in the 1st quarter worth about $48,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Burlington Stores during the 4th quarter worth about $50,000.

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.