Burlington Stores (NYSE:BURL) Upgraded at StockNews.com

Burlington Stores (NYSE:BURL) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

A number of other research firms have also recently commented on BURL. TD Cowen upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and upped their price objective for the company from $257.00 to $279.00 in a research report on Friday, August 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $250.00 target price on shares of Burlington Stores in a research note on Thursday, May 30th. Wells Fargo & Company boosted their target price on shares of Burlington Stores from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, UBS Group upped their price objective on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $262.87.

Burlington Stores Stock Performance

NYSE BURL traded down $3.42 on Thursday, hitting $268.26. The stock had a trading volume of 552,171 shares, compared to its average volume of 904,081. Burlington Stores has a one year low of $115.66 and a one year high of $274.22. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 44.93, a P/E/G ratio of 1.36 and a beta of 1.61. The company’s 50-day moving average is $246.81 and its two-hundred day moving average is $218.90.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.38. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. On average, analysts expect that Burlington Stores will post 7.61 earnings per share for the current year.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 494 shares of the 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 sale, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds and other institutional investors have recently bought and sold shares of BURL. International Assets Investment Management LLC purchased a new position in Burlington Stores in the fourth quarter worth approximately $129,730,000. Daiwa Securities Group Inc. increased its stake in shares of Burlington Stores by 2.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,728 shares of the company’s stock valued at $1,114,000 after acquiring an additional 114 shares during the last quarter. Federated Hermes Inc. acquired a new stake in Burlington Stores during the 4th quarter worth approximately $1,510,000. abrdn plc boosted its stake in shares of Burlington Stores by 102.1% during the 4th quarter. abrdn plc now owns 22,250 shares of the company’s stock valued at $4,327,000 after buying an additional 11,241 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after buying an additional 94 shares during the last quarter.

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.