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

Burlington Stores (NYSE:BURL)‘s stock had its “outperform” rating reissued by Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $310.00 target price on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 7.88% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. TD Cowen lifted their price objective on shares of Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company upped their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Barclays raised their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Bank of America upped their target price on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Evercore ISI lifted their price target on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $301.06.

Burlington Stores Stock Performance

Shares of BURL traded down $4.30 during midday trading on Tuesday, reaching $287.36. The stock had a trading volume of 945,256 shares, compared to its average volume of 895,399. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a 50 day simple moving average of $261.73 and a 200-day simple moving average of $248.76. The firm has a market cap of $18.29 billion, a PE ratio of 43.44, a P/E/G ratio of 1.46 and a beta of 1.64. Burlington Stores has a one year low of $168.49 and a one year high of $298.89.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Burlington Stores will post 7.94 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Crewe Advisors LLC bought a new position in Burlington Stores in the second quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores in the third quarter valued at approximately $26,000. Brooklyn Investment Group bought a new position in Burlington Stores in the 3rd quarter valued at approximately $33,000. ORG Partners LLC acquired a new stake in Burlington Stores during the 2nd quarter worth approximately $38,000. Finally, Blue Trust Inc. grew its holdings in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 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.