Burlington Stores Inc (NYSE:BURL) has been given an average rating of “Buy” by the twenty-seven ratings firms that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $235.64.
BURL has been the topic of several recent analyst reports. Cowen reduced their price objective on shares of Burlington Stores from $196.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Royal Bank of Canada lifted their price objective on shares of Burlington Stores from $184.00 to $250.00 in a research report on Monday, June 1st. Nomura Instinet raised their target price on shares of Burlington Stores from $190.00 to $232.00 and gave the company a “buy” rating in a report on Friday, May 29th. Telsey Advisory Group raised their target price on shares of Burlington Stores from $195.00 to $230.00 and gave the company a “market perform” rating in a report on Friday, May 29th. Finally, Loop Capital cut their target price on shares of Burlington Stores from $265.00 to $250.00 in a report on Friday, May 29th.
Shares of Burlington Stores stock traded down $3.40 on Tuesday, hitting $192.32. 709,127 shares of the company traded hands, compared to its average volume of 856,891. The stock has a market capitalization of $12.66 billion, a P/E ratio of 278.73 and a beta of 0.72. The company has a debt-to-equity ratio of 16.75, a quick ratio of 1.18 and a current ratio of 1.65. Burlington Stores has a 52 week low of $105.67 and a 52 week high of $250.89. The business has a 50-day simple moving average of $202.04 and a 200 day simple moving average of $202.41.
Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, May 28th. The company reported ($4.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.23) by ($3.53). The company had revenue of $801.50 million for the quarter, compared to the consensus estimate of $883.81 million. Burlington Stores had a net margin of 0.83% and a return on equity of 26.65%. The company’s quarterly revenue was down 51.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Research analysts expect that Burlington Stores will post -1.1 earnings per share for the current year.
In related news, Director William P. Mcnamara sold 374 shares of Burlington Stores stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $201.71, for a total value of $75,439.54. Following the completion of the sale, the director now directly owns 8,188 shares in the company, valued at $1,651,601.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Fred Hand sold 14,372 shares of Burlington Stores stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,077,045.20. Following the completion of the sale, the insider now owns 47,735 shares of the company’s stock, valued at $10,220,063.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,776 shares of company stock valued at $6,192,997. Corporate insiders own 1.48% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in Burlington Stores in the first quarter worth about $30,000. Column Capital Advisors LLC bought a new position in Burlington Stores in the first quarter worth about $34,000. Advisors Asset Management Inc. bought a new position in Burlington Stores in the fourth quarter worth about $35,000. Signaturefd LLC raised its holdings in Burlington Stores by 113.2% in the first quarter. Signaturefd LLC now owns 226 shares of the company’s stock worth $36,000 after purchasing an additional 120 shares in the last quarter. Finally, Allred Capital Management LLC raised its holdings in Burlington Stores by 225.0% in the first quarter. Allred Capital Management LLC now owns 260 shares of the company’s stock worth $41,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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