Burlington Stores (NYSE:BURL) Reaches New 52-Week High at $266.13

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BURL shares. TD Cowen upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and boosted their target price for the stock from $257.00 to $279.00 in a research note on Friday, August 9th. Citigroup upped their price objective on Burlington Stores from $258.00 to $276.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Telsey Advisory Group reissued an “outperform” rating and set a $250.00 target price on shares of Burlington Stores in a research report on Thursday, May 30th. JPMorgan Chase & Co. boosted their target price on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Finally, Morgan Stanley dropped their price target on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $250.27.

Burlington Stores Trading Up 3.8 %

The business’s 50 day simple moving average is $243.33 and its 200 day simple moving average is $216.47. 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 company has a market capitalization of $16.93 billion, a price-to-earnings ratio of 44.04, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61.

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

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Burlington Stores

Institutional investors have recently made changes to their positions in the stock. Crewe Advisors LLC acquired a new position in Burlington Stores during the second quarter worth $25,000. ORG Partners LLC purchased a new stake in shares of Burlington Stores in the 2nd quarter worth about $38,000. Rise Advisors LLC acquired a new stake in Burlington Stores in the 1st quarter valued at about $40,000. Lindbrook Capital LLC increased its holdings in 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 acquiring an additional 94 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares during the last quarter.

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.