Burlington Stores (NYSE:BURL) Trading 5% Higher – What’s Next?

Burlington Stores, Inc. (NYSE:BURL)’s stock price was up 5% on Monday . The company traded as high as $296.19 and last traded at $295.97. Approximately 206,277 shares traded hands during trading, a decline of 77% from the average daily volume of 897,504 shares. The stock had previously closed at $281.88.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays reduced their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. UBS Group lifted their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Morgan Stanley upped their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. TD Cowen lifted their price target on Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $307.69.

Burlington Stores Trading Down 1.5 %

The stock’s 50 day simple moving average is $263.53 and its two-hundred day simple moving average is $252.70. The stock has a market capitalization of $18.15 billion, a PE ratio of 39.17, a PEG ratio of 1.55 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company earned $0.98 earnings per share. Burlington Stores’s revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Burlington Stores

Large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in Burlington Stores in the third quarter valued at approximately $57,000. Sanctuary Advisors LLC grew its position in Burlington Stores by 30.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company’s stock worth $760,000 after acquiring an additional 624 shares during the last quarter. Toronto Dominion Bank increased its stake in Burlington Stores by 29.8% in the 3rd quarter. Toronto Dominion Bank now owns 8,062 shares of the company’s stock worth $2,124,000 after purchasing an additional 1,851 shares during the period. Coldstream Capital Management Inc. bought a new stake in Burlington Stores in the third quarter valued at approximately $239,000. Finally, Geode Capital Management LLC grew its holdings in shares of Burlington Stores by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after purchasing an additional 18,160 shares during the last quarter.

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.