Burlington Stores, Inc. (NYSE:BURL) Given Average Recommendation of “Moderate Buy” by Analysts

Burlington Stores, Inc. (NYSE:BURL) has earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $294.94.

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a report on Thursday, August 29th. BMO Capital Markets raised their price objective on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Morgan Stanley raised their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, UBS Group raised their price objective on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Burlington Stores by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock worth $13,073,000 after buying an additional 3,867 shares during the last quarter. Clearbridge Investments LLC raised its stake in Burlington Stores by 19.3% in the 4th quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock valued at $122,746,000 after purchasing an additional 101,950 shares during the last quarter. Boulder Hill Capital Management LP acquired a new position in Burlington Stores in the 4th quarter valued at about $2,237,000. Meeder Asset Management Inc. acquired a new position in Burlington Stores in the 1st quarter valued at about $1,819,000. Finally, American International Group Inc. raised its stake in Burlington Stores by 7,754.2% in the 4th quarter. American International Group Inc. now owns 88,203 shares of the company’s stock valued at $17,154,000 after purchasing an additional 87,080 shares during the last quarter.

Burlington Stores Stock Up 0.8 %

Shares of NYSE:BURL opened at $277.45 on Monday. The firm’s 50 day moving average price is $258.20 and its 200 day moving average price is $227.61. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 46.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores has a fifty-two week low of $115.66 and a fifty-two week high of $282.49. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 earnings per share. As a group, equities research analysts predict that Burlington Stores will post 7.86 earnings per share for the current fiscal year.

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.