Burlington Stores (NYSE:BURL) Upgraded to Neutral by UBS Group

Burlington Stores (NYSE:BURL - Get Free Report) was upgraded by research analysts at UBS Group from a "sell" rating to a "neutral" rating in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a $212.00 price target on the stock, up from their prior price target of $126.00. UBS Group's price target points to a potential upside of 15.02% from the stock's current price.

Several other research analysts have also weighed in on the company. Piper Sandler raised Burlington Stores from a "neutral" rating to an "overweight" rating and upped their price target for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. Evercore ISI upped their target price on Burlington Stores from $220.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $250.00 target price (up from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Finally, StockNews.com raised Burlington Stores from a "hold" rating to a "buy" rating in a research report on Saturday, March 9th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $216.06.

Burlington Stores Trading Up 3.5 %

Shares of NYSE BURL traded up $6.29 during mid-day trading on Thursday, hitting $184.31. 1,139,811 shares of the company traded hands, compared to its average volume of 906,109. Burlington Stores has a 1 year low of $115.66 and a 1 year high of $232.69. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 1.05 and a beta of 1.54. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average of $205.02 and a two-hundred day moving average of $183.07.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.02. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. Burlington Stores's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.96 earnings per share. On average, sell-side analysts anticipate that Burlington Stores will post 7.41 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the sale, the chief marketing officer now owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

Institutional Trading of Burlington Stores

Hedge funds have recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in Burlington Stores during the 1st quarter valued at approximately $40,000. Lindbrook Capital LLC lifted its position in shares of Burlington Stores by 114.6% in the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company's stock worth $34,000 after acquiring an additional 94 shares during the period. Mather Group LLC. bought a new stake in shares of Burlington Stores in the 1st quarter worth approximately $48,000. GAMMA Investing LLC bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $41,000. Finally, Fifth Third Bancorp bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $50,000.

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.