Burlington Stores, Inc. (NYSE:BURL) Given Average Recommendation of “Buy” by Brokerages

Burlington Stores, Inc. (NYSE:BURL) has been assigned an average recommendation of “Buy” from the fifteen analysts that are covering the firm, MarketBeat reports. Fifteen investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have covered the stock in the last year is $323.20.

Several equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday, March 7th. Barclays increased their price target on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Morgan Stanley lifted their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Citigroup dropped 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. Finally, Robert W. Baird raised their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 4,939 shares of the company’s stock in a transaction 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 directly owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 5,926 shares of company stock valued at $1,461,774. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Burlington Stores

A number of institutional investors have recently modified their holdings of the company. Buckingham Capital Management Inc. lifted its stake in Burlington Stores by 159.0% in the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after acquiring an additional 10,693 shares in the last quarter. Logan Capital Management Inc. raised its holdings in shares of Burlington Stores by 9.1% in the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after purchasing an additional 4,695 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 worth $108,292,000 after purchasing an additional 26,412 shares in the last quarter. HB Wealth Management LLC acquired a new position in Burlington Stores during the fourth quarter worth $265,000. Finally, Dai ichi Life Insurance Company Ltd bought a new position in Burlington Stores in the third quarter valued at $1,190,000.

Burlington Stores Trading Up 0.5 %

Shares of BURL opened at $245.75 on Friday. The stock’s fifty day simple moving average is $254.91 and its 200-day simple moving average is $266.54. The firm has a market capitalization of $15.53 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, research analysts predict that Burlington Stores will post 7.93 earnings per share for the current year.

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.