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

Shares of Burlington Stores, Inc. (NYSE:BURLGet Rating) have been assigned a consensus rating of “Buy” from the twenty-three analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $293.89.

A number of equities analysts have recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Burlington Stores from $385.00 to $355.00 and set an “overweight” rating on the stock in a research report on Friday, March 4th. Truist Financial lowered their price target on shares of Burlington Stores from $303.00 to $238.00 and set a “buy” rating on the stock in a report on Friday, March 4th. JPMorgan Chase & Co. lowered their price target on shares of Burlington Stores from $385.00 to $353.00 in a report on Thursday, February 17th. Loop Capital cut shares of Burlington Stores from a “hold” rating to a “sell” rating and lowered their target price for the stock from $255.00 to $190.00 in a report on Thursday, January 20th. Finally, Cowen lowered their target price on shares of Burlington Stores from $327.00 to $292.00 and set an “outperform” rating on the stock in a report on Tuesday, February 22nd.

Several hedge funds have recently added to or reduced their stakes in BURL. D1 Capital Partners L.P. bought a new position in shares of Burlington Stores during the fourth quarter valued at $345,031,000. Alliancebernstein L.P. grew its holdings in Burlington Stores by 149.0% during the 3rd quarter. Alliancebernstein L.P. now owns 1,939,238 shares of the company’s stock worth $549,910,000 after acquiring an additional 1,160,452 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in Burlington Stores by 90.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,530,731 shares of the company’s stock worth $446,223,000 after acquiring an additional 725,000 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Burlington Stores by 30.6% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,729,237 shares of the company’s stock worth $773,930,000 after acquiring an additional 639,747 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Burlington Stores in the 4th quarter valued at about $158,770,000.

Shares of NYSE BURL opened at $213.85 on Monday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.78 and a current ratio of 1.31. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 2.23 and a beta of 0.91. The business’s 50-day simple moving average is $204.32 and its 200-day simple moving average is $246.72. Burlington Stores has a 52 week low of $171.15 and a 52 week high of $357.34.

Burlington Stores (NYSE:BURLGet Rating) last announced its quarterly earnings data on Thursday, March 3rd. The company reported $2.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.22 by ($0.69). Burlington Stores had a return on equity of 85.14% and a net margin of 4.39%. The firm had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the business posted $2.44 EPS. Burlington Stores’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, equities research analysts forecast that Burlington Stores will post 7.27 earnings per share for the current year.

Burlington Stores Company Profile (Get Rating)

Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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