Barclays assumed coverage on shares of Burlington Stores (NYSE:BURL) in a research note published on Tuesday, MarketBeat.com reports. The firm issued an overweight rating and a $194.00 target price on the stock.

Several other equities analysts have also commented on BURL. Guggenheim reaffirmed a hold rating on shares of Burlington Stores in a report on Tuesday, July 3rd. UBS Group began coverage on Burlington Stores in a report on Thursday, June 21st. They set a sell rating and a $135.00 target price for the company. Wedbush began coverage on Burlington Stores in a report on Friday, June 22nd. They set an outperform rating and a $175.00 target price for the company. Zacks Investment Research lowered Burlington Stores from a buy rating to a hold rating in a report on Friday, June 22nd. Finally, Loop Capital reaffirmed a buy rating and set a $170.00 target price (up from $156.00) on shares of Burlington Stores in a report on Wednesday, June 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $171.05.

Shares of NYSE BURL opened at $166.08 on Tuesday. Burlington Stores has a 52-week low of $87.20 and a 52-week high of $175.48. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 1.34 and a beta of 0.45. The company has a debt-to-equity ratio of 7.54, a quick ratio of 0.29 and a current ratio of 1.05.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 30th. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.19. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Burlington Stores had a return on equity of 606.69% and a net margin of 6.85%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. equities research analysts predict that Burlington Stores will post 6.21 EPS for the current fiscal year.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $150.05, for a total value of $3,001,000.00. Following the completion of the sale, the chief executive officer now directly owns 322,973 shares in the company, valued at $48,462,098.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marc Katz sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $172.46, for a total value of $1,293,450.00. Following the completion of the sale, the chief financial officer now owns 115,423 shares of the company’s stock, valued at $19,905,850.58. The disclosure for this sale can be found here. Insiders sold a total of 81,271 shares of company stock valued at $13,116,332 over the last three months. Corporate insiders own 1.91% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BURL. FMR LLC lifted its position in Burlington Stores by 39.7% in the second quarter. FMR LLC now owns 3,445,692 shares of the company’s stock worth $518,680,000 after purchasing an additional 979,815 shares during the period. Renaissance Technologies LLC lifted its position in Burlington Stores by 1,187.5% in the second quarter. Renaissance Technologies LLC now owns 875,500 shares of the company’s stock worth $131,789,000 after purchasing an additional 807,500 shares during the period. Marshall Wace LLP lifted its position in Burlington Stores by 7,311.1% in the second quarter. Marshall Wace LLP now owns 467,347 shares of the company’s stock worth $70,350,000 after purchasing an additional 461,041 shares during the period. Millennium Management LLC lifted its position in Burlington Stores by 257.1% in the second quarter. Millennium Management LLC now owns 563,195 shares of the company’s stock worth $84,778,000 after purchasing an additional 405,470 shares during the period. Finally, Natixis lifted its position in Burlington Stores by 386.2% in the second quarter. Natixis now owns 493,433 shares of the company’s stock worth $74,276,000 after purchasing an additional 391,945 shares during the period.

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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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