Burlington Stores (NYSE:BURL) Receives Outperform Rating from Telsey Advisory Group

Burlington Stores (NYSE:BURL)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a note issued to investors on Thursday, Benzinga reports. They presently have a $250.00 target price on the stock. Telsey Advisory Group’s price target points to a potential upside of 35.00% from the stock’s previous close.

A number of other analysts have also recently commented on BURL. Morgan Stanley dropped their price objective on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Evercore ISI raised their price target on Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. TD Cowen decreased their price target on Burlington Stores from $230.00 to $209.00 and set a “hold” rating on the stock in a research note on Friday, May 17th. Finally, UBS Group raised Burlington Stores from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $126.00 to $212.00 in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.14.

Burlington Stores Trading Down 2.5 %

Shares of BURL stock opened at $185.18 on Thursday. The business’s fifty day moving average price is $199.10 and its 200 day moving average price is $190.25. Burlington Stores has a 1-year low of $115.66 and a 1-year high of $232.69. The firm has a market capitalization of $11.83 billion, a PE ratio of 35.27, a P/E/G ratio of 1.11 and a beta of 1.54. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business posted $2.96 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that Burlington Stores will post 7.38 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Institutional investors have recently made changes to their positions in the company. Capital International Investors boosted its position in Burlington Stores by 1.5% during the 1st quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock valued at $1,716,986,000 after purchasing an additional 111,526 shares during the period. Vanguard Group Inc. boosted its position in Burlington Stores by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock worth $1,211,092,000 after acquiring an additional 226,804 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Burlington Stores by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock worth $391,066,000 after acquiring an additional 12,238 shares during the period. 1832 Asset Management L.P. boosted its position in Burlington Stores by 300.5% during the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after acquiring an additional 775,961 shares during the period. Finally, Wellington Management Group LLP boosted its position in Burlington Stores by 12.8% during the 4th quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock worth $172,427,000 after acquiring an additional 100,823 shares during the period.

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.