Guggenheim reiterated their hold rating on shares of Burlington Stores (NYSE:BURL) in a research note released on Monday morning, AnalystRatings.com reports.
Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada assumed coverage on shares of Burlington Stores in a report on Monday, November 11th. They issued an outperform rating and a $230.00 price objective for the company. Deutsche Bank boosted their price objective on Burlington Stores from $229.00 to $232.00 and gave the stock a buy rating in a report on Wednesday, November 27th. Cowen boosted their price objective on Burlington Stores from $225.00 to $245.00 and gave the stock an outperform rating in a report on Wednesday, November 27th. Telsey Advisory Group boosted their price objective on Burlington Stores from $210.00 to $225.00 and gave the stock a market perform rating in a report on Wednesday, November 27th. Finally, Evercore ISI restated a buy rating on shares of Burlington Stores in a report on Thursday, November 28th. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $226.40.
Shares of BURL opened at $241.32 on Monday. Burlington Stores has a 1 year low of $136.30 and a 1 year high of $244.64. The company has a market cap of $15.99 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 1.79 and a beta of 0.30. The company has a debt-to-equity ratio of 8.28, a quick ratio of 0.26 and a current ratio of 0.88. The firm has a fifty day moving average of $227.37 and a 200-day moving average of $205.92.
Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.14. Burlington Stores had a net margin of 6.26% and a return on equity of 145.12%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Burlington Stores will post 7.34 EPS for the current year.
In related news, EVP Joyce Manning Magrini sold 7,475 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $225.92, for a total value of $1,688,752.00. Following the completion of the sale, the executive vice president now owns 12,783 shares of the company’s stock, valued at approximately $2,887,935.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Fred Hand sold 21,383 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $225.92, for a total value of $4,830,847.36. Following the completion of the sale, the insider now directly owns 70,786 shares of the company’s stock, valued at approximately $15,991,973.12. The disclosure for this sale can be found here. In the last three months, insiders sold 95,874 shares of company stock valued at $21,767,465. 1.86% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Parnassus Investments CA boosted its position in Burlington Stores by 15.2% during the fourth quarter. Parnassus Investments CA now owns 687,813 shares of the company’s stock worth $156,842,000 after purchasing an additional 90,898 shares during the period. Trexquant Investment LP acquired a new position in shares of Burlington Stores during the fourth quarter worth approximately $5,707,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Burlington Stores by 71.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 15,616 shares of the company’s stock worth $3,561,000 after buying an additional 6,527 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Burlington Stores by 1.9% during the fourth quarter. Advisor Group Inc. now owns 3,890 shares of the company’s stock worth $887,000 after buying an additional 74 shares during the last quarter. Finally, Vestcor Investment Management Corp acquired a new position in shares of Burlington Stores during the fourth quarter worth approximately $754,000.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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