Burlington Stores (NYSE:BURL) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a report published on Friday morning.

BURL has been the topic of a number of other research reports. Telsey Advisory Group reiterated an outperform rating and issued a $300.00 price target on shares of Burlington Stores in a report on Thursday, August 29th. Evercore ISI lifted their target price on Burlington Stores from $274.00 to $300.00 and gave the company an outperform rating in a report on Monday, August 19th. JPMorgan Chase & Co. upped their price target on Burlington Stores from $284.00 to $288.00 and gave the stock an overweight rating in a research note on Monday, July 22nd. Wells Fargo & Company lifted their price objective on Burlington Stores from $300.00 to $325.00 and gave the company an overweight rating in a research note on Friday, August 23rd. Finally, TD Cowen raised shares of Burlington Stores from a hold rating to a buy rating and increased their target price for the stock from $257.00 to $279.00 in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of Moderate Buy and an average price target of $294.94.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $268.24 on Friday. The business has a fifty day simple moving average of $252.71 and a 200-day simple moving average of $223.34. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $282.49. The company has a market cap of $17.12 billion, a P/E ratio of 44.93, a P/E/G ratio of 1.40 and a beta of 1.61. The company has a quick ratio of 0.52, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. Equities research analysts forecast that Burlington Stores will post 7.79 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 that occurred on 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 transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Burlington Stores

Large investors have recently modified their holdings of the company. Crewe Advisors LLC acquired a new stake in Burlington Stores in the 2nd quarter valued at approximately $25,000. ORG Partners LLC acquired a new position in Burlington Stores during the 2nd quarter valued at about $38,000. Rise Advisors LLC bought a new stake in shares of Burlington Stores during the 1st quarter worth about $40,000. Blue Trust Inc. lifted its stake in shares of Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares during the period. Finally, American National Bank bought a new position in shares of Burlington Stores in the second quarter valued at approximately $47,000.

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.