Burlington Stores, Inc. (NYSE:BURL) Receives Average Recommendation of "Buy" from Brokerages

Shares of Burlington Stores, Inc. (NYSE:BURL - Get Free Report) have received an average recommendation of "Buy" from the fifteen analysts that are covering the stock, MarketBeat reports. Fifteen analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $323.13.

Several research analysts have weighed in on the company. Citigroup lowered their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Robert W. Baird increased their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Morgan Stanley boosted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, UBS Group raised their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research note on Friday, March 7th.

Burlington Stores Stock Up 0.9 %

Shares of BURL stock traded up $2.07 during trading on Tuesday, reaching $223.06. The company's stock had a trading volume of 910,214 shares, compared to its average volume of 979,767. Burlington Stores has a one year low of $175.30 and a one year high of $298.89. The business has a fifty day moving average price of $236.12 and a 200-day moving average price of $261.05. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of Burlington Stores

Several large investors have recently modified their holdings of BURL. Buckingham Capital Management Inc. increased its holdings in Burlington Stores by 159.0% in the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock valued at $4,965,000 after buying an additional 10,693 shares during the period. Logan Capital Management Inc. raised its position in Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after purchasing an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock valued at $108,292,000 after purchasing an additional 26,412 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in shares of Burlington Stores by 3.0% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock worth $12,844,000 after buying an additional 1,305 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in shares of Burlington Stores during the 4th quarter worth $265,000.

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.