Burlington Stores’ (BURL) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Burlington Stores (NYSE:BURL) in a research report report published on Thursday,Benzinga reports. The firm currently has a $340.00 price target on the stock.

Other analysts have also issued research reports about the company. Evercore ISI upped their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Robert W. Baird lifted their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Finally, Citigroup upped their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Burlington Stores Trading Up 2.7 %

NYSE:BURL opened at $249.42 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The firm has a 50-day simple moving average of $273.18 and a 200-day simple moving average of $270.36. Burlington Stores has a one year low of $174.64 and a one year high of $298.89. The firm has a market cap of $15.83 billion, a P/E ratio of 34.17, a P/E/G ratio of 1.11 and a beta of 1.62.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 1,481 shares of company stock valued at $421,892. 0.91% of the stock is owned by company insiders.

Institutional Trading of Burlington Stores

A number of institutional investors and hedge funds have recently bought and sold shares of BURL. IFP Advisors Inc grew its holdings in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at $26,000. Fortitude Family Office LLC raised its stake in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores in the fourth quarter valued at $31,000. Finally, Brooklyn Investment Group acquired a new position in Burlington Stores during the 3rd quarter worth $33,000.

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.