Burlington Stores (NYSE:BURL) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Burlington Stores (NYSE:BURL) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

Other equities research analysts have also recently issued reports about the company. Evercore ISI boosted their target price on Burlington Stores from $300.00 to $315.00 and gave the stock an outperform rating in a research note on Friday, August 30th. Morgan Stanley boosted their target price on Burlington Stores from $284.00 to $300.00 and gave the stock an overweight rating in a research note on Friday, August 30th. Robert W. Baird boosted their target price on Burlington Stores from $260.00 to $275.00 and gave the stock an outperform rating in a research note on Friday, May 31st. Loop Capital boosted their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a buy rating in a research note on Friday, August 30th. Finally, TD Cowen boosted their target price on Burlington Stores from $279.00 to $288.00 and gave the stock a buy rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $294.94.

Burlington Stores Price Performance

NYSE:BURL opened at $270.27 on Friday. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $282.49. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $17.25 billion, a P/E ratio of 45.27, a P/E/G ratio of 1.37 and a beta of 1.64. The stock’s fifty day moving average is $258.87 and its two-hundred day moving average is $228.08.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Equities analysts expect that Burlington Stores will post 7.86 EPS for the current year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Institutional investors and hedge funds have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Burlington Stores by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock valued at $13,073,000 after purchasing an additional 3,867 shares during the last quarter. Clearbridge Investments LLC raised its stake in Burlington Stores by 19.3% during the 4th quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock valued at $122,746,000 after acquiring an additional 101,950 shares during the last quarter. Boulder Hill Capital Management LP purchased a new stake in Burlington Stores during the 4th quarter valued at approximately $2,237,000. Meeder Asset Management Inc. purchased a new stake in Burlington Stores during the 1st quarter valued at approximately $1,819,000. Finally, American International Group Inc. raised its stake in Burlington Stores by 7,754.2% during the 4th quarter. American International Group Inc. now owns 88,203 shares of the company’s stock valued at $17,154,000 after acquiring an additional 87,080 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.