Burlington Stores (NYSE:BURL) Hits New 1-Year High at $240.71

Shares of Burlington Stores, Inc. (NYSE:BURL) hit a new 52-week high during trading on Thursday . The stock traded as high as $240.71 and last traded at $239.04, with a volume of 1075051 shares changing hands. The stock had previously closed at $200.36.

Analyst Upgrades and Downgrades

Several analysts recently commented on BURL shares. TD Cowen reduced their target price on Burlington Stores from $230.00 to $209.00 and set a “hold” rating on the stock in a report on Friday, May 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 price target on shares of Burlington Stores in a research note on Thursday. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. UBS Group raised Burlington Stores from a “sell” rating to a “neutral” rating and upped their target price for the stock from $126.00 to $212.00 in a research report on Thursday, May 2nd. Finally, 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.70.

Burlington Stores Trading Up 19.0 %

The company has a market capitalization of $15.23 billion, a PE ratio of 45.53, a PEG ratio of 1.11 and a beta of 1.54. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. The stock has a fifty day moving average of $196.65 and a two-hundred day moving average of $192.57.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the company earned $2.96 EPS. Burlington Stores’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.34 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Burlington Stores

Several large investors have recently modified their holdings of the company. Park Avenue Securities LLC grew its holdings in Burlington Stores by 3.4% during the first quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock valued at $386,000 after purchasing an additional 54 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Burlington Stores by 12.9% in the fourth quarter. First Horizon Advisors Inc. now owns 509 shares of the company’s stock worth $99,000 after buying an additional 58 shares in the last quarter. Wahed Invest LLC lifted its position in shares of Burlington Stores by 7.1% in the fourth quarter. Wahed Invest LLC now owns 1,099 shares of the company’s stock worth $214,000 after buying an additional 73 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Burlington Stores by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,947 shares of the company’s stock worth $4,874,000 after buying an additional 74 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in Burlington Stores by 114.6% during the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares during the period.

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.