Telsey Advisory Group Reaffirms "Outperform" Rating for Burlington Stores (NYSE:BURL)

Telsey Advisory Group reiterated their outperform rating on shares of Burlington Stores (NYSE:BURL - Free Report) in a research note published on Thursday,Benzinga reports. They currently have a $340.00 price objective on the stock.

BURL has been the subject of several other reports. Evercore ISI upped their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. TD Cowen upped their target price on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Barclays dropped their price target on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a report on Wednesday, November 27th. Morgan Stanley upped their price objective on Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Finally, Robert W. Baird lifted their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average price target of $319.87.

Burlington Stores Stock Down 5.5 %

BURL stock traded down $13.66 during mid-day trading on Thursday, hitting $235.67. 1,388,623 shares of the company were exchanged, compared to its average volume of 882,061. The firm has a market cap of $14.96 billion, a P/E ratio of 32.28, a P/E/G ratio of 1.11 and a beta of 1.62. Burlington Stores has a 1-year low of $174.64 and a 1-year high of $298.89. The firm's 50 day simple moving average is $273.18 and its 200 day simple moving average is $270.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.91% of the company's stock.

Institutional Investors Weigh In On Burlington Stores

Several hedge funds have recently modified their holdings of BURL. IFP Advisors Inc raised its position in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. Fortitude Family Office LLC raised its holdings in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores during the 3rd quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in Burlington Stores during the 4th quarter worth approximately $31,000. Finally, Brooklyn Investment Group bought a new stake in Burlington Stores during the 3rd quarter worth approximately $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.