Burlington Stores (NYSE:BURL) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Burlington Stores (NYSE:BURL) in a research note published on Thursday morning,Benzinga reports. Telsey Advisory Group currently has a $340.00 target price on the stock.

Several other analysts have also issued reports on the company. Evercore ISI upped their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. TD Cowen upped their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird raised their price objective 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. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and upped their target price for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Finally, Citigroup lifted their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Burlington Stores Stock Down 2.9 %

NYSE:BURL opened at $242.06 on Thursday. 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 has a 12-month low of $174.64 and a 12-month high of $298.89. The firm has a market capitalization of $15.37 billion, a P/E ratio of 33.16, a P/E/G ratio of 1.11 and a beta of 1.62. The stock’s fifty day simple moving average is $273.89 and its 200-day simple moving average is $270.33.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the business posted $0.98 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts expect 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 company’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 value of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 1,481 shares of company stock valued at $421,892. 0.91% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores in the third quarter worth about $26,000. Fortitude Family Office LLC increased its position in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Burlington Stores in the fourth quarter valued at $31,000. Finally, Brooklyn Investment Group bought a new stake in Burlington Stores in the third quarter worth about $33,000.

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.