Burlington Stores (NYSE:BURL) Stock Rating Upgraded by UBS Group

Burlington Stores (NYSE:BURL - Get Free Report) was upgraded by equities research analysts at UBS Group from a "neutral" rating to a "buy" rating in a note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a $360.00 price target on the stock, up from their prior price target of $280.00. UBS Group's price target indicates a potential upside of 25.27% from the company's current price.

Several other equities research analysts have also recently weighed in on BURL. Robert W. Baird boosted their price objective on 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 Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 27th. Evercore ISI upped their target price on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Morgan Stanley increased their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Finally, TD Cowen increased 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 equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average price target of $313.00.

Burlington Stores Price Performance

Shares of NYSE:BURL traded up $1.42 during mid-day trading on Friday, reaching $287.37. The 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 company has a market cap of $18.24 billion, a P/E ratio of 39.37, a price-to-earnings-growth 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. The business's 50 day moving average price is $280.29 and its 200 day moving average price is $264.88.

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

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares of the company's stock, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company's stock.

Institutional Trading of Burlington Stores

Institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC boosted its position in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the 3rd quarter worth $26,000. Brooklyn Investment Group acquired a new stake in Burlington Stores during the 3rd quarter worth about $33,000. UMB Bank n.a. lifted 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 acquiring an additional 141 shares during the period. Finally, AM Squared Ltd acquired a new stake in Burlington Stores during the 3rd quarter worth about $53,000.

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.