Burlington Stores, Inc. (NYSE:BURL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Burlington Stores, Inc. (NYSE:BURL) has been given an average rating of “Moderate Buy” by the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $246.87.

Several equities research analysts recently weighed in on the company. Robert W. Baird upped their price target on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Barclays increased their target price on Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Wells Fargo & Company increased their target price on Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. TD Cowen upped their price target on Burlington Stores from $209.00 to $257.00 and gave the company a “hold” rating in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. upped their price target on Burlington Stores from $246.00 to $284.00 and gave the company an “overweight” rating in a report on Friday, May 31st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC purchased a new stake in shares of Burlington Stores during the first quarter worth about $40,000. Lindbrook Capital LLC grew its position in shares of Burlington Stores by 114.6% during the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Burlington Stores during the first quarter worth about $48,000. GAMMA Investing LLC purchased a new stake in shares of Burlington Stores during the fourth quarter worth about $41,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Burlington Stores during the fourth quarter worth about $50,000.

Burlington Stores Price Performance

BURL opened at $235.50 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. Burlington Stores has a 52-week low of $115.66 and a 52-week high of $245.43. The stock has a market capitalization of $15.03 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61. The stock’s 50 day moving average price is $211.17 and its 200-day moving average price is $204.53.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.38. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. On average, equities research analysts predict that Burlington Stores will post 7.6 EPS for the current year.

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.