Burlington Stores (NYSE:BURL) Shares Down 4.1% on Analyst Downgrade

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) traded down 4.1% during mid-day trading on Friday after Citigroup lowered their price target on the stock from $344.00 to $340.00. Citigroup currently has a buy rating on the stock. Burlington Stores traded as low as $244.00 and last traded at $247.14. 121,063 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 984,389 shares. The stock had previously closed at $257.65.

Several other brokerages have also commented on BURL. TD Cowen raised their price target on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Barclays increased their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday. Robert W. Baird lifted their price target on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday. Telsey Advisory Group restated an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, Morgan Stanley lifted their target price on Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $323.20.

Remove Ads

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares of the company's stock, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by company insiders.

Hedge Funds Weigh In On Burlington Stores

A number of hedge funds have recently made changes to their positions in the stock. Argonautica Private Wealth Management Inc. raised its position in Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company's stock valued at $1,063,000 after purchasing an additional 39 shares during the period. IFP Advisors Inc lifted its holdings in Burlington Stores by 81.6% during the 4th 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. Legacy Capital Wealth Partners LLC boosted its position in shares of Burlington Stores by 4.2% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company's stock worth $300,000 after acquiring an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock valued at $49,000 after acquiring an additional 46 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company's stock worth $813,000 after purchasing an additional 47 shares during the last quarter.

Burlington Stores Price Performance

The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a fifty day moving average of $266.18 and a 200-day moving average of $269.03.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.