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

StockNews.com cut shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a report issued on Saturday.

BURL has been the subject of a number of other research reports. Gordon Haskett upgraded Burlington Stores from a hold rating to a buy rating and set a $300.00 price target for the company in a research report on Monday, August 19th. UBS Group upped their price objective on Burlington Stores from $212.00 to $238.00 and gave the company a neutral rating in a report on Monday, June 3rd. Barclays upped their price objective on Burlington Stores from $274.00 to $327.00 and gave the company an overweight rating in a report on Friday, August 30th. The Goldman Sachs Group upped their price objective on Burlington Stores from $278.00 to $310.00 and gave the company a buy rating in a report on Friday, August 30th. Finally, Telsey Advisory Group restated an outperform rating and issued a $300.00 price objective on shares of Burlington Stores in a report on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $294.94.

Burlington Stores Trading Up 1.2 %

Shares of BURL stock opened at $262.93 on Friday. 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 has a 1 year low of $115.66 and a 1 year high of $282.49. The stock has a fifty day moving average of $255.29 and a two-hundred day moving average of $225.74. The firm has a market capitalization of $16.74 billion, a PE ratio of 44.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts expect that Burlington Stores will post 7.87 EPS for the current year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds have recently bought and sold shares of BURL. Crewe Advisors LLC purchased a new stake in shares of Burlington Stores during the 2nd quarter worth about $25,000. ORG Partners LLC purchased a new stake in shares of Burlington Stores during the 2nd quarter worth about $38,000. Rise Advisors LLC purchased a new stake in shares of Burlington Stores during the 1st quarter worth about $40,000. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 161 shares in the last quarter. Finally, American National Bank purchased a new stake in shares of Burlington Stores during the 2nd quarter worth about $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.