StockNews.com Lowers Burlington Stores (NYSE:BURL) to Hold

StockNews.com downgraded shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a research report released on Friday morning.

Several other equities research analysts also recently issued reports on the stock. Gordon Haskett upgraded shares of Burlington Stores from a hold rating to a buy rating and set a $300.00 price objective for the company in a research report on Monday, August 19th. Barclays lifted their price target on Burlington Stores from $252.00 to $274.00 and gave the stock an overweight rating in a report on Friday, May 31st. Morgan Stanley decreased their price objective on Burlington Stores from $233.00 to $218.00 and set an overweight rating on the stock in a report on Monday, May 6th. TD Cowen upgraded Burlington Stores from a hold rating to a buy rating and increased their price objective for the stock from $257.00 to $279.00 in a research report on Friday, August 9th. Finally, Citigroup boosted their target price on shares of Burlington Stores from $258.00 to $276.00 and gave the company a buy rating in a research report on Friday, May 31st. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $294.94.

Burlington Stores Stock Up 0.4 %

BURL stock opened at $268.24 on Friday. Burlington Stores has a 1-year low of $115.66 and a 1-year high of $282.49. The business’s 50 day simple moving average is $252.71 and its 200 day simple moving average is $223.34. The company has a current ratio of 1.04, a quick ratio of 0.52 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $17.12 billion, a PE ratio of 44.93, a PEG ratio of 1.40 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. As a group, research analysts anticipate that Burlington Stores will post 7.79 EPS for the current year.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares in the company, valued at approximately $15,809,190.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

Hedge funds have recently made changes to their positions in the stock. Crewe Advisors LLC acquired a new position in Burlington Stores during the 2nd quarter worth approximately $25,000. ORG Partners LLC acquired a new position in shares of Burlington Stores during the second quarter worth $38,000. Rise Advisors LLC bought a new position in shares of Burlington Stores in the 1st quarter valued at $40,000. Blue Trust Inc. grew its position in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares during the last quarter. Finally, American National Bank bought a new stake in Burlington Stores during the 2nd quarter worth $47,000.

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.