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

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

A number of other brokerages have also recently weighed in on BURL. Telsey Advisory Group restated an “outperform” rating and set a $250.00 price objective on shares of Burlington Stores in a research note on Thursday, May 30th. Bank of America boosted their price target on shares of Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Wells Fargo & Company boosted their price target on shares of Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Robert W. Baird lifted their price target on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Finally, Barclays lifted their price target on Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Stock Performance

Shares of NYSE BURL traded down $1.32 during midday trading on Wednesday, reaching $239.32. 449,053 shares of the company traded hands, compared to its average volume of 974,673. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $245.43. The stock has a 50-day moving average price of $206.56 and a 200 day moving average price of $202.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. The company has a market cap of $15.28 billion, a price-to-earnings ratio of 40.09, a PEG ratio of 1.29 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data 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. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that Burlington Stores will post 7.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Burlington Stores

Several institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Burlington Stores in the 3rd quarter valued at approximately $341,000. Envestnet Asset Management Inc. lifted its holdings in shares of Burlington Stores by 85.6% during the third quarter. Envestnet Asset Management Inc. now owns 80,342 shares of the company’s stock worth $10,870,000 after buying an additional 37,059 shares during the last quarter. Mariner LLC lifted its holdings in shares of Burlington Stores by 24.7% during the third quarter. Mariner LLC now owns 4,925 shares of the company’s stock worth $666,000 after buying an additional 976 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Burlington Stores by 1.7% during the third quarter. Northern Trust Corp now owns 444,636 shares of the company’s stock worth $60,159,000 after buying an additional 7,420 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Burlington Stores during the third quarter worth approximately $316,000.

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.