Burlington Stores (NYSE:BURL) Raised to “Buy” at Gordon Haskett

Gordon Haskett upgraded shares of Burlington Stores (NYSE:BURL) from a hold rating to a buy rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. Gordon Haskett currently has $300.00 price target on the stock.

BURL has been the subject of a number of other reports. StockNews.com cut shares of Burlington Stores from a buy rating to a hold rating in a report on Wednesday, July 31st. BMO Capital Markets boosted their target price on Burlington Stores from $227.00 to $240.00 and gave the stock an outperform rating in a research report on Friday, May 31st. TD Cowen upgraded Burlington Stores from a hold rating to a buy rating and raised their price target for the company from $257.00 to $279.00 in a research report on Friday, August 9th. UBS Group boosted their price objective on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a neutral rating in a research report on Monday, June 3rd. Finally, Citigroup increased their price objective on shares of Burlington Stores from $258.00 to $276.00 and gave the company a buy rating in a research note on Friday, May 31st. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores presently has an average rating of Moderate Buy and an average target price of $262.87.

Burlington Stores Trading Up 2.8 %

NYSE BURL opened at $271.49 on Monday. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $17.33 billion, a P/E ratio of 45.48, a P/E/G ratio of 1.36 and a beta of 1.61. Burlington Stores has a 52-week low of $115.66 and a 52-week high of $274.22. The firm has a 50-day moving average price of $246.01 and a 200 day moving average price of $218.53.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. Equities research analysts expect that Burlington Stores will post 7.61 EPS for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores 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 owns 61,907 shares in the company, 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 this link. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Burlington Stores

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of Burlington Stores by 20.4% in the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after buying an additional 53 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Burlington Stores by 3.4% in the 1st quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock valued at $386,000 after purchasing an additional 54 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after purchasing an additional 54 shares during the period. First Horizon Advisors Inc. increased its position in Burlington Stores by 12.9% during the 4th quarter. First Horizon Advisors Inc. now owns 509 shares of the company’s stock worth $99,000 after purchasing an additional 58 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in Burlington Stores by 6.5% in the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock valued at $256,000 after buying an additional 65 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.