Burlington Stores (NYSE:BURL) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Burlington Stores (NYSE:BURL) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

A number of other research analysts also recently weighed in on BURL. Barclays lifted their price target on Burlington Stores from $252.00 to $274.00 and gave the company an overweight rating in a report on Friday, May 31st. Robert W. Baird boosted their target price on Burlington Stores from $260.00 to $275.00 and gave the company an outperform rating in a research note on Friday, May 31st. Bank of America boosted their target price on Burlington Stores from $250.00 to $275.00 and gave the company a buy rating in a research note on Friday, May 31st. JPMorgan Chase & Co. boosted their target price on Burlington Stores from $284.00 to $288.00 and gave the company an overweight rating in a research note on Monday, July 22nd. Finally, TD Cowen boosted their target price on Burlington Stores from $209.00 to $257.00 and gave the company a hold rating in a research note on Friday, May 31st. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $248.80.

Burlington Stores Stock Performance

Shares of BURL stock opened at $249.95 on Wednesday. Burlington Stores has a 1-year low of $115.66 and a 1-year high of $263.84. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $15.95 billion, a price-to-earnings ratio of 41.87, a P/E/G ratio of 1.39 and a beta of 1.61. The stock’s fifty day simple moving average is $238.54 and its 200-day simple moving average is $213.18.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. Burlington Stores’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts predict that Burlington Stores will post 7.61 earnings per share for the current fiscal year.

Institutional Trading of Burlington Stores

Several large investors have recently made changes to their positions in BURL. 1832 Asset Management L.P. boosted its stake in shares of 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 in the last quarter. Norges Bank acquired a new position in shares of Burlington Stores during the 4th quarter worth about $145,471,000. Bain Capital Public Equity Management II LLC acquired a new position in shares of Burlington Stores during the 4th quarter worth about $100,164,000. Los Angeles Capital Management LLC lifted its position in shares of Burlington Stores by 466.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock worth $114,612,000 after purchasing an additional 406,426 shares during the last quarter. Finally, Coatue Management LLC acquired a new position in shares of Burlington Stores during the 4th quarter worth about $77,735,000.

Burlington Stores Company Profile

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.