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

Shares of Burlington Stores, Inc. (NYSE:BURL - Get Free Report) have earned a consensus recommendation of "Buy" from the fifteen analysts that are presently covering the stock, MarketBeat reports. Fifteen research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $314.60.

Several equities research analysts have recently issued reports on BURL shares. Barclays lowered their price target on Burlington Stores from $329.00 to $254.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Morgan Stanley reduced their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. UBS Group increased 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, Wells Fargo & Company reduced their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th.

Burlington Stores Trading Up 1.6%

Shares of NYSE:BURL opened at $269.16 on Friday. The company has a market cap of $16.95 billion, a P/E ratio of 36.87, a P/E/G ratio of 1.11 and a beta of 1.70. The stock's 50-day moving average is $237.42 and its 200-day moving average is $259.98. Burlington Stores has a 52-week low of $181.87 and a 52-week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

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

Insider Activity

In other news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. The trade was a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer now owns 22,858 shares of the company's stock, valued at $5,431,746.54. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Buckingham Capital Management Inc. increased its holdings in shares of Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock valued at $4,965,000 after purchasing an additional 10,693 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Burlington Stores by 7.5% in the fourth 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 in the last quarter. Grandeur Peak Global Advisors LLC increased its holdings in shares of Burlington Stores by 3.0% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock valued at $12,844,000 after purchasing an additional 1,305 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $265,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Burlington Stores by 35.3% in the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company's stock valued at $64,714,000 after purchasing an additional 59,173 shares in the last quarter.

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.

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