Burlington Stores (NYSE:BURL) Upgraded at UBS Group

UBS Group upgraded shares of Burlington Stores (NYSE:BURL) from a neutral rating to a buy rating in a report issued on Friday, MarketBeat Ratings reports. UBS Group currently has $360.00 price objective on the stock, up from their prior price objective of $280.00.

BURL has been the topic of several other research reports. Robert W. Baird increased their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley lifted their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a report on Tuesday, November 26th. Evercore ISI lifted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Barclays dropped their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $313.00.

Burlington Stores Stock Performance

Shares of NYSE:BURL opened at $287.37 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market cap of $18.24 billion, a PE ratio of 39.37, a PEG ratio of 1.58 and a beta of 1.63. The company’s 50 day moving average price is $280.29 and its two-hundred day moving average price is $264.88. Burlington Stores has a 12-month low of $174.64 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. Equities research analysts predict that Burlington Stores will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Burlington Stores by 2.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after purchasing an additional 3,246 shares during the period. Alpha DNA Investment Management LLC acquired a new position in shares of Burlington Stores during the third quarter valued at about $764,000. Logan Capital Management Inc. increased its position in shares of Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after acquiring an additional 4,695 shares in the last quarter. Dai ichi Life Insurance Company Ltd acquired a new stake in shares of Burlington Stores in the 3rd quarter worth about $1,190,000. Finally, Hsbc Holdings PLC lifted its position in Burlington Stores by 5.5% in the 2nd quarter. Hsbc Holdings PLC now owns 43,486 shares of the company’s stock valued at $10,435,000 after acquiring an additional 2,258 shares in 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.