Burlington Stores (NYSE:BURL) had its price target hoisted by Telsey Advisory Group from $225.00 to $240.00 in a research report released on Tuesday morning, Briefing.com Automated Import reports. They currently have a market perform rating on the stock.
BURL has been the subject of a number of other research reports. Gordon Haskett started coverage on shares of Burlington Stores in a research note on Wednesday, January 29th. They issued an accumulate rating and a $250.00 target price for the company. Morgan Stanley lifted their target price on shares of Burlington Stores from $225.00 to $243.00 and gave the company an overweight rating in a research note on Wednesday, November 27th. Loop Capital restated a buy rating and issued a $240.00 price objective on shares of Burlington Stores in a research report on Wednesday, November 27th. Evercore ISI restated a buy rating on shares of Burlington Stores in a research report on Thursday, November 28th. Finally, Royal Bank of Canada started coverage on shares of Burlington Stores in a research report on Monday, November 11th. They issued an outperform rating and a $230.00 price objective for the company. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $226.40.
NYSE BURL opened at $245.68 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.26 and a debt-to-equity ratio of 8.28. The stock’s 50 day moving average is $228.10 and its two-hundred day moving average is $206.56. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.97 and a beta of 0.30. Burlington Stores has a 1-year low of $136.30 and a 1-year high of $246.72.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.14. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.79 billion. Burlington Stores had a return on equity of 145.12% and a net margin of 6.26%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 earnings per share. On average, analysts predict that Burlington Stores will post 7.38 earnings per share for the current year.
In other news, CMO Jennifer Vecchio sold 17,016 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $226.00, for a total value of $3,845,616.00. Following the completion of the transaction, the chief marketing officer now owns 40,060 shares of the company’s stock, valued at approximately $9,053,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Fred Hand sold 21,383 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $225.92, for a total transaction of $4,830,847.36. Following the completion of the transaction, the insider now directly owns 70,786 shares of the company’s stock, valued at approximately $15,991,973.12. The disclosure for this sale can be found here. Insiders sold a total of 95,874 shares of company stock valued at $21,767,465 in the last three months. 1.86% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Squar Milner Financial Services LLC boosted its stake in Burlington Stores by 274.4% in the 3rd quarter. Squar Milner Financial Services LLC now owns 146 shares of the company’s stock worth $29,000 after purchasing an additional 107 shares during the period. Citizens Financial Group Inc RI acquired a new position in Burlington Stores in the 4th quarter worth $34,000. Advisors Asset Management Inc. acquired a new position in Burlington Stores in the 4th quarter worth $35,000. KCS Wealth Advisory acquired a new position in Burlington Stores in the 3rd quarter worth $40,000. Finally, Parallel Advisors LLC boosted its stake in Burlington Stores by 85.9% in the 3rd quarter. Parallel Advisors LLC now owns 316 shares of the company’s stock worth $63,000 after purchasing an additional 146 shares during the period.
Burlington Stores Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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