Burlington Stores (NYSE:BURL) Downgraded to “Hold” at StockNews.com

Burlington Stores (NYSE:BURL) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Other research analysts have also recently issued research reports about the company. UBS Group raised their price target on Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Citigroup raised their price objective on Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a research note on Friday, May 31st. TD Cowen raised their price objective on Burlington Stores from $209.00 to $257.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Barclays raised their price objective on Burlington Stores from $252.00 to $274.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Finally, Morgan Stanley reduced their price objective on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Stock Performance

BURL stock traded down $1.32 during trading hours on Wednesday, hitting $239.32. 449,053 shares of the stock were exchanged, compared to its average volume of 974,673. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $15.28 billion, a P/E ratio of 40.09, a P/E/G ratio of 1.29 and a beta of 1.61. The company has a 50-day simple moving average of $206.56 and a two-hundred day simple moving average of $202.87. Burlington Stores has a 12 month low of $115.66 and a 12 month high of $245.43.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business earned $0.84 earnings per share. Burlington Stores’s revenue was up 10.7% on a year-over-year basis. On average, analysts forecast that Burlington Stores will post 7.6 earnings per share for the current fiscal year.

Institutional Trading of Burlington Stores

Hedge funds have recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of Burlington Stores in the first quarter worth approximately $40,000. Lindbrook Capital LLC increased its holdings in Burlington Stores by 114.6% in the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Mather Group LLC. acquired a new position in Burlington Stores in the first quarter valued at approximately $48,000. GAMMA Investing LLC bought a new position in shares of Burlington Stores during the 4th quarter worth approximately $41,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Burlington Stores during the 4th quarter worth approximately $50,000.

Burlington Stores Company Profile

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.