Burlington Stores (NYSE:BURL) Shares Down 4.6% - Here's What Happened

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) traded down 4.6% during trading on Monday . The stock traded as low as $247.81 and last traded at $248.09. 556,440 shares were traded during mid-day trading, a decline of 25% from the average session volume of 738,760 shares. The stock had previously closed at $260.03.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Barclays reduced 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 report on Wednesday, November 27th. UBS Group raised shares of Burlington Stores from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Evercore ISI boosted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Finally, Citigroup boosted their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $317.87.

Burlington Stores Stock Down 1.5 %

The company's 50-day moving average price is $282.40 and its 200 day moving average price is $270.96. The stock has a market cap of $15.53 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

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

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. This represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 1,481 shares of company stock valued at $421,892 in the last three months. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Burlington Stores

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its position in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after buying an additional 40 shares during the last quarter. Fortitude Family Office LLC lifted its position in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after buying an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores in the third quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in Burlington Stores in the fourth quarter worth $31,000. Finally, Brooklyn Investment Group bought a new stake in Burlington Stores in the third quarter worth $33,000.

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.