Burlington Stores, Inc. (NYSE:BURL) Given Average Rating of “Buy” by Brokerages

Burlington Stores, Inc. (NYSE:BURL) has earned an average recommendation of “Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Fifteen analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $317.87.

Several equities research analysts have commented on BURL shares. Citigroup upped their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Robert W. Baird upped their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Evercore ISI raised their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. TD Cowen upped their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the company from $280.00 to $360.00 in a report on Friday, January 10th.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the sale, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after purchasing an additional 18,160 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after buying an additional 666,934 shares in the last quarter. Anomaly Capital Management LP lifted its holdings in Burlington Stores by 34.6% during the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after buying an additional 187,760 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Burlington Stores by 2.2% in the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after acquiring an additional 14,080 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Burlington Stores by 54.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after acquiring an additional 207,959 shares during the last quarter.

Burlington Stores Stock Up 1.3 %

BURL opened at $288.93 on Friday. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 1.54 and a beta of 1.63. Burlington Stores has a 12 month low of $174.64 and a 12 month high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The business has a 50-day moving average of $283.75 and a two-hundred day moving average of $266.47.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. On average, research analysts expect that Burlington Stores will post 7.93 earnings per share for the current year.

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.