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

Shares of Burlington Stores, Inc. (NYSE:BURL) have earned a consensus recommendation of “Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Fifteen research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $323.20.

Several analysts have recently weighed in on BURL shares. Evercore ISI lifted their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday. Citigroup decreased their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday. Barclays lifted their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

A number of institutional investors and hedge funds have recently bought and sold shares of BURL. Norges Bank acquired a new position in Burlington Stores in the fourth quarter valued at $227,268,000. Massachusetts Financial Services Co. MA increased its stake in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after acquiring an additional 666,934 shares during the period. Capital International Investors increased its stake in shares of Burlington Stores by 7.7% during the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock worth $1,470,929,000 after acquiring an additional 367,703 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Burlington Stores by 55.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company’s stock worth $191,560,000 after acquiring an additional 240,144 shares during the period. Finally, Steadfast Capital Management LP acquired a new position in shares of Burlington Stores during the fourth quarter worth about $67,075,000.

Burlington Stores Stock Down 6.9 %

Shares of BURL opened at $239.98 on Monday. The company has a market cap of $15.23 billion, a PE ratio of 32.87, a P/E/G ratio of 1.11 and a beta of 1.62. The business has a fifty day moving average of $269.26 and a 200 day moving average of $269.71. Burlington Stores has a 52-week low of $174.64 and a 52-week 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 issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. On average, sell-side analysts expect that Burlington Stores will post 7.93 EPS for the current year.

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.