StockNews.com Upgrades Burlington Stores (NYSE:BURL) to “Buy”

Burlington Stores (NYSE:BURL) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company boosted their price target on Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Evercore ISI increased their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. TD Cowen increased their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. increased their target price on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Barclays increased their target price on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $294.94.

Burlington Stores Price Performance

NYSE BURL opened at $272.11 on Friday. Burlington Stores has a one year low of $115.66 and a one year high of $282.49. The stock has a 50-day moving average of $258.20 and a 200 day moving average of $227.61. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 45.58, a PEG ratio of 1.37 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period last year, the company earned $0.60 EPS. Burlington Stores’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts forecast that Burlington Stores will post 7.86 EPS for the current year.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

Several institutional investors have recently added to or reduced their stakes in BURL. 1832 Asset Management L.P. lifted its holdings in Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after acquiring an additional 775,961 shares during the period. Norges Bank acquired a new position in Burlington Stores in the fourth quarter valued at approximately $145,471,000. Bain Capital Public Equity Management II LLC acquired a new position in Burlington Stores in the fourth quarter valued at approximately $100,164,000. Los Angeles Capital Management LLC increased its position in shares of Burlington Stores by 466.1% in the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock valued at $114,612,000 after buying an additional 406,426 shares in the last quarter. Finally, Coatue Management LLC purchased a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $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.