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

Burlington Stores, Inc. (NYSE:BURL) has been given a consensus recommendation of “Buy” by the fourteen analysts that are covering the company, Marketbeat Ratings reports. Fourteen investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $317.43.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on Burlington Stores from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Evercore ISI dropped their target price on Burlington Stores from $345.00 to $310.00 and set an “outperform” rating on the stock in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted their price target on Burlington Stores from $287.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. Telsey Advisory Group reissued an “outperform” rating and issued a $300.00 price objective (down previously from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. Finally, Barclays upped their price target on Burlington Stores from $254.00 to $299.00 and gave the stock an “overweight” rating in a report on Friday, May 30th.

Burlington Stores Trading Up 2.1%

Burlington Stores stock opened at $247.39 on Friday. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 2.16 and a beta of 1.64. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. Burlington Stores has a 12 month low of $212.92 and a 12 month high of $298.89. The business’s fifty day simple moving average is $240.20 and its two-hundred day simple moving average is $250.76.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.17. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.35 earnings per share. As a group, equities analysts predict that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Travis Marquette sold 190 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the sale, the chief operating officer directly owned 22,858 shares in the company, valued at approximately $5,431,746.54. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 420 shares of the firm’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total value of $99,388.80. Following the completion of the sale, the chief marketing officer owned 65,429 shares in the company, valued at approximately $15,483,118.56. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,060 shares of company stock worth $253,164 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its holdings in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Burlington Stores by 258.6% during the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of Burlington Stores during the 1st quarter worth approximately $26,000. Farther Finance Advisors LLC grew its stake in Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after acquiring an additional 69 shares during the period. Finally, Brooklyn Investment Group grew its stake in Burlington Stores by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company’s stock worth $49,000 after acquiring an additional 67 shares during the period.

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.