Burlington Stores (NYSE:BURL) Upgraded at StockNews.com

StockNews.com upgraded shares of Burlington Stores (NYSE:BURL) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

A number of other research firms have also issued reports on BURL. Wells Fargo & Company boosted their price objective on Burlington Stores from $300.00 to $325.00 and gave the company an overweight rating in a research report on Friday, August 23rd. Telsey Advisory Group restated an outperform rating and set a $300.00 price objective on shares of Burlington Stores in a research report on Thursday, August 29th. Robert W. Baird boosted their price objective on Burlington Stores from $260.00 to $275.00 and gave the company an outperform rating in a research report on Friday, May 31st. Morgan Stanley boosted their price target on Burlington Stores from $284.00 to $300.00 and gave the stock an overweight rating in a research report on Friday, August 30th. Finally, Loop Capital boosted their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a buy rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $294.94.

Burlington Stores Price Performance

Shares of BURL opened at $271.13 on Friday. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 45.42, a PEG ratio of 1.37 and a beta of 1.64. The stock has a 50 day moving average of $259.48 and a 200-day moving average of $228.54. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. Burlington Stores has a 52 week low of $115.66 and a 52 week high of $282.49.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. As a group, analysts forecast that Burlington Stores will post 7.86 EPS for the current year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BURL. Crewe Advisors LLC acquired a new position in Burlington Stores in the 2nd quarter worth about $25,000. ORG Partners LLC acquired a new position in shares of Burlington Stores during the 2nd quarter valued at about $38,000. Rise Advisors LLC acquired a new position in shares of Burlington Stores during the 1st quarter valued at about $40,000. Blue Trust Inc. increased its holdings in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares during the last quarter. Finally, American National Bank acquired a new position in shares of Burlington Stores during the 2nd quarter valued at about $47,000.

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.