Burlington Stores (NYSE:BURL) Hits New 12-Month High at $266.13

Burlington Stores, Inc. (NYSE:BURL)’s share price hit a new 52-week high on Thursday . The stock traded as high as $266.13 and last traded at $263.02, with a volume of 20461 shares trading hands. The stock had previously closed at $255.45.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. TD Cowen upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and lifted their target price for the company from $257.00 to $279.00 in a research report on Friday, August 9th. Citigroup boosted their price target on shares of Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Robert W. Baird boosted their price target on shares of Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. UBS Group boosted their price target on shares of Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Finally, Barclays boosted their price target on shares of Burlington Stores from $252.00 to $274.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and an average price target of $250.27.

Burlington Stores Stock Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. The firm has a market capitalization of $16.87 billion, a P/E ratio of 44.27, a P/E/G ratio of 1.36 and a beta of 1.61. The stock’s 50 day moving average is $243.94 and its two-hundred day moving average is $216.80.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. Burlington Stores’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Large investors have recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its stake in Burlington Stores by 7.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock valued at $13,073,000 after purchasing an additional 3,867 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Burlington Stores by 416.8% in the fourth quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock valued at $7,290,000 after buying an additional 30,233 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Burlington Stores by 19.3% in the fourth quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock valued at $122,746,000 after buying an additional 101,950 shares during the period. Boulder Hill Capital Management LP acquired a new position in shares of Burlington Stores in the fourth quarter valued at approximately $2,237,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Burlington Stores in the first quarter valued at approximately $1,819,000.

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.