Burlington Stores (NYSE:BURL) Stock Price Down 6.8% - Should You Sell?

Burlington Stores, Inc. (NYSE:BURL - Get Free Report) traded down 6.8% on Thursday . The stock traded as low as $227.52 and last traded at $226.70. 278,557 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 1,106,062 shares. The stock had previously closed at $243.25.

Analysts Set New Price Targets

BURL has been the topic of several research reports. TD Cowen boosted their target price on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Evercore ISI boosted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Citigroup decreased their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Barclays lifted their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Burlington Stores has an average rating of "Moderate Buy" and an average target price of $323.20.

Burlington Stores Trading Up 1.2 %

The company has a market cap of $14.68 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 1.11 and a beta of 1.73. 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 business's 50 day moving average price is $263.00 and its 200-day moving average price is $268.14.

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

Insiders Place Their Bets

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 in the company, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.91% of the company's stock.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors have recently made changes to their positions in BURL. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Burlington Stores by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock valued at $38,350,000 after acquiring an additional 3,246 shares during the period. Alpha DNA Investment Management LLC bought a new stake in Burlington Stores during the third quarter worth about $764,000. Buckingham Capital Management Inc. grew its stake in Burlington Stores by 159.0% during the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock worth $4,965,000 after buying an additional 10,693 shares in the last quarter. Logan Capital Management Inc. raised its position in shares of Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after buying an additional 4,695 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock worth $108,292,000 after acquiring an additional 26,412 shares in the last quarter.

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.