Burlington Stores (NYSE:BURL) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Burlington Stores (NYSE:BURL) from a hold rating to a buy rating in a research report sent to investors on Sunday.

Several other equities analysts have also recently issued reports on BURL. Wells Fargo & Company boosted their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an overweight rating in a research report on Friday, August 23rd. BMO Capital Markets upped their price target on Burlington Stores from $227.00 to $240.00 and gave the stock an outperform rating in a report on Friday, May 31st. Loop Capital upped their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a buy rating in a report on Friday, August 30th. Barclays upped their price target on Burlington Stores from $274.00 to $327.00 and gave the stock an overweight rating in a report on Friday, August 30th. Finally, Morgan Stanley upped their price target on Burlington Stores from $284.00 to $300.00 and gave the stock an overweight rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Burlington Stores has a consensus rating of Moderate Buy and an average target price of $294.94.

Burlington Stores Stock Performance

NYSE BURL opened at $270.27 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $258.87 and its two-hundred day moving average is $228.08. Burlington Stores has a 12-month low of $115.66 and a 12-month high of $282.49. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 45.27, a PEG ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts expect that Burlington Stores will post 7.86 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in shares of Burlington Stores in the 2nd quarter worth $488,000. Clearbridge Investments LLC raised its position in Burlington Stores by 2.2% in the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after purchasing an additional 14,080 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in Burlington Stores by 17.3% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 21,000 shares of the company’s stock valued at $5,040,000 after purchasing an additional 3,094 shares during the period. Cetera Investment Advisers raised its position in Burlington Stores by 0.5% in the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock valued at $2,962,000 after purchasing an additional 61 shares during the period. Finally, Creative Planning raised its position in Burlington Stores by 22.6% in the second quarter. Creative Planning now owns 4,192 shares of the company’s stock valued at $1,006,000 after purchasing an additional 773 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.