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

Shares of Burlington Stores, Inc. (NYSE:BURL) have earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $208.45.

BURL has been the subject of a number of analyst reports. Gordon Haskett cut Burlington Stores from a “buy” rating to a “hold” rating and set a $137.00 price target for the company. in a research report on Wednesday, September 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $233.00 target price on shares of Burlington Stores in a research report on Monday, August 7th. Sanford C. Bernstein dropped their price target on shares of Burlington Stores from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Sunday, August 27th. Telsey Advisory Group restated an “outperform” rating and issued a $225.00 price objective on shares of Burlington Stores in a research note on Friday, August 25th. Finally, Citigroup lowered their target price on shares of Burlington Stores from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th.

Burlington Stores Trading Down 4.0 %

NYSE:BURL opened at $125.53 on Tuesday. The company has a market capitalization of $8.14 billion, a P/E ratio of 30.92, a P/E/G ratio of 0.76 and a beta of 1.23. The stock’s 50 day moving average price is $132.00 and its 200 day moving average price is $153.14. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.46 and a current ratio of 1.17. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $239.94.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 24th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.43 by $0.17. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.17 billion. Burlington Stores had a net margin of 2.92% and a return on equity of 41.25%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, research analysts forecast that Burlington Stores will post 5.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BURL. Spire Wealth Management acquired a new position in Burlington Stores in the first quarter worth about $27,000. Natixis bought a new stake in shares of Burlington Stores in the 2nd quarter valued at approximately $27,000. Salem Investment Counselors Inc. raised its holdings in shares of Burlington Stores by 58.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Quarry LP bought a new position in shares of Burlington Stores during the 1st quarter worth approximately $39,000. Finally, KB Financial Partners LLC boosted its stake in Burlington Stores by 68.8% in the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after buying an additional 97 shares in the last quarter.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products 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.