Burlington Stores, Inc. (NYSE:BURL) Given Average Recommendation of "Buy" by Analysts

Shares of Burlington Stores, Inc. (NYSE:BURL - Get Free Report) have received a consensus recommendation of "Buy" from the sixteen brokerages that are presently covering the company, MarketBeat reports. Sixteen equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is $313.00.

BURL has been the subject of a number of research reports. TD Cowen lifted their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Evercore ISI boosted their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Robert W. Baird upped their target price on Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. UBS Group raised Burlington Stores from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $280.00 to $360.00 in a research note on Friday. Finally, Barclays lowered their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 27th.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares of the company's stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 BURL. Fortitude Family Office LLC boosted its holdings in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores in the 3rd quarter valued at about $26,000. Brooklyn Investment Group purchased a new stake in shares of Burlington Stores during the 3rd quarter worth about $33,000. UMB Bank n.a. increased its position in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company's stock worth $47,000 after purchasing an additional 141 shares in the last quarter. Finally, AM Squared Ltd acquired a new stake in Burlington Stores during the 3rd quarter worth approximately $53,000.

Burlington Stores Price Performance

Shares of BURL traded up $1.42 during mid-day trading on Friday, hitting $287.37. The company's stock had a trading volume of 993,798 shares, compared to its average volume of 757,915. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The firm has a 50-day simple moving average of $281.18 and a 200 day simple moving average of $265.54. The firm has a market capitalization of $18.24 billion, a P/E ratio of 39.37, a P/E/G ratio of 1.58 and a beta of 1.63. Burlington Stores has a 1-year low of $174.64 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. Burlington Stores's quarterly revenue was up 10.5% on a year-over-year basis. Analysts predict that Burlington Stores will post 7.93 EPS for the current fiscal year.

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.