Burlington Stores (NYSE:BURL) Receives Outperform Rating from Telsey Advisory Group

Burlington Stores (NYSE:BURL)‘s stock had its “outperform” rating reaffirmed by investment analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $340.00 target price on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 28.45% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Morgan Stanley increased their price objective on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. TD Cowen upped their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Evercore ISI boosted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Barclays lowered their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Finally, UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and upped their target price for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Burlington Stores Stock Performance

BURL traded up $27.74 during trading hours on Thursday, hitting $264.69. The stock had a trading volume of 1,470,059 shares, compared to its average volume of 952,323. Burlington Stores has a 1 year low of $174.64 and a 1 year high of $298.89. The company’s fifty day simple moving average is $271.04 and its 200 day simple moving average is $270.02. The stock has a market cap of $16.80 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. 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 announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Equities analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

A number of institutional investors have recently modified their holdings of BURL. IFP Advisors Inc lifted its holdings in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC boosted its holdings in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Burlington Stores in the 4th quarter worth $31,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Burlington Stores in the 3rd 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.