Burlington Stores, Inc. (NYSE:BURL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Burlington Stores, Inc. (NYSE:BURL) has earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $262.87.

Several brokerages have recently issued reports on BURL. UBS Group upped their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Evercore ISI increased their target price on Burlington Stores from $274.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley reduced their target price on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a report on Monday, May 6th. JPMorgan Chase & Co. upped their price target on Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Finally, Robert W. Baird lifted their price objective on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, May 31st.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were 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 of the company’s stock, valued at $15,809,190.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Burlington Stores

Hedge funds have recently bought and sold shares of the business. Creative Planning raised its position in Burlington Stores by 22.6% during the second quarter. Creative Planning now owns 4,192 shares of the company’s stock valued at $1,006,000 after purchasing an additional 773 shares during the period. Scientech Research LLC increased its position in shares of Burlington Stores by 181.4% during the 2nd quarter. Scientech Research LLC now owns 5,464 shares of the company’s stock valued at $1,311,000 after purchasing an additional 3,522 shares during the last quarter. Select Equity Group L.P. raised its holdings in Burlington Stores by 12.9% during the 2nd quarter. Select Equity Group L.P. now owns 216,802 shares of the company’s stock valued at $52,032,000 after buying an additional 24,807 shares during the period. Shellback Capital LP boosted its stake in Burlington Stores by 16.7% during the second quarter. Shellback Capital LP now owns 35,000 shares of the company’s stock worth $8,400,000 after buying an additional 5,000 shares during the period. Finally, MBB Public Markets I LLC purchased a new stake in shares of Burlington Stores in the second quarter valued at $1,099,000.

Burlington Stores Trading Up 2.8 %

NYSE:BURL opened at $271.49 on Thursday. Burlington Stores has a one year low of $115.66 and a one year high of $274.22. The company’s 50-day simple moving average is $246.01 and its 200 day simple moving average is $218.53. The firm has a market capitalization of $17.33 billion, a P/E ratio of 45.48, a PEG ratio of 1.36 and a beta of 1.61. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 earnings per share. As a group, analysts forecast that Burlington Stores will post 7.61 EPS 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.