Jefferies Financial Group initiated coverage on shares of Burlington Stores (NYSE:BURL) in a research note issued to investors on Wednesday, Anlyst Ratings reports. The firm issued a buy rating and a $255.00 price target on the stock.
A number of other equities analysts have also commented on BURL. Morgan Stanley raised their price target on shares of Burlington Stores from $224.00 to $228.00 and gave the stock an overweight rating in a research report on Friday, August 28th. MKM Partners lowered their price target on shares of Burlington Stores from $270.00 to $255.00 and set a buy rating on the stock in a research report on Friday, August 28th. Barclays raised their price target on shares of Burlington Stores from $238.00 to $246.00 and gave the stock an overweight rating in a research report on Wednesday, October 7th. Loop Capital raised their target price on shares of Burlington Stores from $225.00 to $240.00 and gave the company a buy rating in a report on Thursday, October 1st. Finally, Berenberg Bank initiated coverage on shares of Burlington Stores in a report on Tuesday. They issued a buy rating and a $255.00 target price on the stock. Five research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $234.00.
NYSE BURL opened at $195.03 on Wednesday. The firm has a 50-day moving average of $208.67 and a 200-day moving average of $195.88. The company has a debt-to-equity ratio of 8.24, a quick ratio of 1.05 and a current ratio of 1.54. The stock has a market cap of $12.90 billion, a PE ratio of -152.37 and a beta of 0.61. Burlington Stores has a 52-week low of $105.67 and a 52-week high of $250.89.
Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.56) EPS for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.50. Burlington Stores had a negative net margin of 1.34% and a negative return on equity of 7.61%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm earned $1.36 earnings per share. Burlington Stores’s revenue for the quarter was down 39.0% compared to the same quarter last year. As a group, analysts predict that Burlington Stores will post -2.57 EPS for the current fiscal year.
In other news, EVP Joyce Manning Magrini sold 9,385 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $201.49, for a total value of $1,890,983.65. Following the completion of the sale, the executive vice president now owns 5,745 shares in the company, valued at approximately $1,157,560.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.48% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of BURL. Tower Research Capital LLC TRC purchased a new position in shares of Burlington Stores in the 1st quarter worth about $30,000. Simon Quick Advisors LLC purchased a new position in shares of Burlington Stores in the 3rd quarter worth about $48,000. Virtus Alternative Investment Advisers Inc. purchased a new position in shares of Burlington Stores in the 2nd quarter worth about $65,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Burlington Stores in the 2nd quarter worth about $65,000. Finally, Private Advisor Group LLC purchased a new position in shares of Burlington Stores in the 2nd quarter worth about $65,000.
Burlington Stores Company Profile
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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