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

Telsey Advisory Group reiterated their outperform rating on shares of Burlington Stores (NYSE:BURL) in a report released on Thursday morning,Benzinga reports. The brokerage currently has a $340.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Barclays reduced their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Citigroup increased their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Robert W. Baird upped their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Morgan Stanley increased their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $319.87.

Burlington Stores Stock Up 2.7 %

BURL stock opened at $249.42 on Thursday. Burlington Stores has a 12 month low of $174.64 and a 12 month high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. The company has a fifty day moving average price of $273.18 and a 200 day moving average price of $270.36.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred 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 transaction, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 1,481 shares of company stock valued at $421,892. Insiders own 0.91% of the company’s stock.

Institutional Trading of Burlington Stores

Several institutional investors have recently made changes to their positions in the stock. Capital International Investors raised its position in shares of Burlington Stores by 7.7% in the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock worth $1,470,929,000 after buying an additional 367,703 shares during the period. SRS Investment Management LLC increased its stake in Burlington Stores by 10.8% during the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock worth $362,146,000 after acquiring an additional 123,973 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Burlington Stores by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock worth $308,403,000 after purchasing an additional 8,892 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of Burlington Stores by 23.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock valued at $299,772,000 after purchasing an additional 197,187 shares in the last quarter. Finally, Anomaly Capital Management LP grew its holdings in shares of Burlington Stores by 21.9% during the 4th quarter. Anomaly Capital Management LP now owns 961,281 shares of the company’s stock worth $274,023,000 after purchasing an additional 172,431 shares during the period.

About Burlington Stores

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.