Burlington Stores’ (BURL) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Burlington Stores (NYSE:BURL) in a report published on Thursday,Benzinga reports. They currently have a $340.00 price objective on the stock.

A number of other analysts have also issued reports on BURL. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and increased their price target for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. TD Cowen increased their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Robert W. Baird increased their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Evercore ISI lifted 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. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $319.87.

Burlington Stores Trading Up 8.3 %

Burlington Stores stock opened at $256.63 on Thursday. The company has a 50 day moving average price of $270.03 and a 200 day moving average price of $269.80. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores has a 52 week low of $174.64 and a 52 week high of $298.89. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 35.16, a P/E/G ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Research analysts forecast that Burlington Stores will post 7.93 EPS for the current year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Several hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the period. Fortitude Family Office LLC grew its stake in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the third quarter worth $26,000. Stonebridge Financial Group LLC acquired a new position in Burlington Stores during the 4th quarter valued at $31,000. Finally, Brooklyn Investment Group bought a new stake in Burlington Stores in the 3rd quarter valued at $33,000.

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.