Shares of Burlington Stores Inc (NYSE:BURL) have received an average rating of “Buy” from the twenty-three ratings firms that are currently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $225.18.

A number of research firms have weighed in on BURL. OTR Global upgraded Burlington Stores to a “positive” rating in a research note on Wednesday, November 6th. Robert W. Baird set a $215.00 price objective on Burlington Stores and gave the company a “buy” rating in a research note on Tuesday, September 17th. Wedbush lifted their price objective on Burlington Stores from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Cowen lifted their price objective on Burlington Stores from $225.00 to $245.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Loop Capital restated a “buy” rating and issued a $240.00 price target on shares of Burlington Stores in a research note on Wednesday, November 27th.

Shares of NYSE BURL traded down $1.53 during trading on Tuesday, reaching $229.79. 489,795 shares of the company traded hands, compared to its average volume of 540,899. The firm’s fifty day simple moving average is $226.63 and its 200 day simple moving average is $198.54. The stock has a market cap of $15.32 billion, a P/E ratio of 35.68, a PEG ratio of 2.02 and a beta of 0.26. Burlington Stores has a 12-month low of $136.30 and a 12-month high of $236.02. The company has a current ratio of 0.88, a quick ratio of 0.26 and a debt-to-equity ratio of 8.28.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.14. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. Burlington Stores had a return on equity of 145.12% and a net margin of 6.26%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. As a group, research analysts expect that Burlington Stores will post 7.34 EPS for the current year.

In related news, insider Fred Hand sold 21,383 shares of Burlington Stores stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $225.92, for a total value of $4,830,847.36. Following the sale, the insider now directly owns 70,786 shares in the company, valued at approximately $15,991,973.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joyce Manning Magrini sold 7,475 shares of Burlington Stores stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $225.92, for a total value of $1,688,752.00. Following the completion of the sale, the executive vice president now owns 12,783 shares in the company, valued at $2,887,935.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,874 shares of company stock valued at $21,767,465. 1.86% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of BURL. Atria Investments LLC acquired a new position in shares of Burlington Stores during the 2nd quarter worth approximately $75,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Burlington Stores by 88.0% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,700 shares of the company’s stock worth $800,000 after purchasing an additional 2,200 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Burlington Stores by 9.8% during the 2nd quarter. Natixis Advisors L.P. now owns 18,220 shares of the company’s stock worth $3,100,000 after purchasing an additional 1,625 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Burlington Stores by 1.0% during the 2nd quarter. Northern Trust Corp now owns 414,586 shares of the company’s stock worth $70,542,000 after purchasing an additional 3,976 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of Burlington Stores by 11.3% during the 2nd quarter. AustralianSuper Pty Ltd now owns 35,293 shares of the company’s stock worth $6,005,000 after purchasing an additional 3,596 shares during the last quarter.

Burlington Stores Company Profile

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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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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