Burlington Stores (NYSE:BURL) Upgraded at StockNews.com

Burlington Stores (NYSE:BURL) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Other equities analysts have also issued research reports about the company. Morgan Stanley boosted their price objective on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. UBS Group upped their price target on Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Monday, August 19th. Bank of America increased their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Loop Capital increased their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $294.94.

Burlington Stores Stock Down 1.9 %

Burlington Stores stock opened at $272.11 on Friday. The stock has a market capitalization of $17.37 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores has a 12 month low of $115.66 and a 12 month high of $282.49. The business has a 50 day simple moving average of $258.20 and a 200-day simple moving average of $227.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts anticipate that Burlington Stores will post 7.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Burlington Stores

Several hedge funds have recently bought and sold shares of the stock. Capital International Investors increased its position in Burlington Stores by 1.5% during the first quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock worth $1,716,986,000 after buying an additional 111,526 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Burlington Stores by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock valued at $1,211,092,000 after purchasing an additional 226,804 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Burlington Stores by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock valued at $391,066,000 after purchasing an additional 12,238 shares during the period. 1832 Asset Management L.P. grew its position in shares of Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after purchasing an additional 775,961 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Burlington Stores by 12.8% in the fourth quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock valued at $172,427,000 after acquiring an additional 100,823 shares during 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.