Telsey Advisory Group Reaffirms Outperform Rating for Burlington Stores (NYSE:BURL)

Telsey Advisory Group restated their outperform rating on shares of Burlington Stores (NYSE:BURL - Free Report) in a report published on Thursday morning, Marketbeat Ratings reports. They currently have a $300.00 target price on the stock, down from their previous target price of $340.00.

BURL has been the subject of several other research reports. Citigroup cut their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Robert W. Baird upped their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Wells Fargo & Company reduced their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. UBS Group upped their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price objective on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $312.27.

Burlington Stores Stock Performance

Shares of BURL traded up $0.61 during trading hours on Thursday, hitting $228.41. The stock had a trading volume of 2,004,945 shares, compared to its average volume of 993,699. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores has a 12 month low of $212.92 and a 12 month high of $298.89. The firm has a market capitalization of $14.39 billion, a PE ratio of 31.29, a PEG ratio of 1.11 and a beta of 1.70. The stock has a fifty day moving average price of $239.08 and a 200 day moving average price of $259.39.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.43 by $0.17. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. Burlington Stores's revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that Burlington Stores will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, COO Travis Marquette sold 190 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the sale, the chief operating officer now directly owns 22,858 shares in the company, valued at $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Jennifer Vecchio sold 4,939 shares of the company's 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 sale, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its position in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after acquiring an additional 40 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Burlington Stores by 258.6% during the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in Burlington Stores during the 4th quarter valued at $31,000. WPG Advisers LLC bought a new stake in Burlington Stores during the 1st quarter valued at $26,000. Finally, Farther Finance Advisors LLC boosted its position in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after acquiring an additional 69 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.