Burlington Stores (NYSE:BURL) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a research note released on Wednesday morning.

A number of other research firms have also weighed in on BURL. Citigroup boosted their target price on Burlington Stores from $258.00 to $276.00 and gave the company a buy rating in a research note on Friday, May 31st. Bank of America increased their price objective on Burlington Stores from $250.00 to $275.00 and gave the company a buy rating in a research note on Friday, May 31st. Evercore ISI lifted their target price on shares of Burlington Stores from $250.00 to $274.00 and gave the stock an outperform rating in a research note on Friday, May 31st. Robert W. Baird increased 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. Finally, Wells Fargo & Company boosted their price objective on shares of Burlington Stores from $240.00 to $275.00 and gave the company an overweight rating in a research report on Friday, May 31st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $246.87.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $240.00 on Wednesday. The business’s 50-day moving average price is $208.97 and its 200-day moving average price is $203.72. The firm has a market capitalization of $15.32 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 1.27 and a beta of 1.61. Burlington Stores has a 12 month low of $115.66 and a 12 month high of $245.43. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business earned $0.84 earnings per share. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts forecast that Burlington Stores will post 7.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Burlington Stores

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its holdings in shares of Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. Rise Advisors LLC purchased a new stake in Burlington Stores in the first quarter worth about $40,000. GAMMA Investing LLC bought a new position in shares of Burlington Stores during the fourth quarter valued at approximately $41,000. Mather Group LLC. purchased a new position in shares of Burlington Stores during the first quarter valued at approximately $48,000. Finally, Fifth Third Bancorp bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $50,000.

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.