Telsey Advisory Group Reaffirms Outperform Rating for Burlington Stores (NYSE:BURL)

Burlington Stores (NYSE:BURL)‘s stock had its “outperform” rating reiterated by research analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $340.00 target price on the stock. Telsey Advisory Group’s price objective points to a potential upside of 36.32% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. TD Cowen upped their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Evercore ISI upped their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Citigroup raised their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley upped their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Barclays lowered their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Burlington Stores Trading Up 2.7 %

Shares of BURL stock opened at $249.42 on Thursday. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 1.11 and a beta of 1.62. The company’s fifty day simple moving average is $273.89 and its two-hundred day simple moving average is $270.33. Burlington Stores has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company posted $0.98 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts anticipate that Burlington Stores will post 7.93 earnings per share for the current year.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 1,481 shares of company stock worth $421,892. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in shares of Burlington Stores by 81.6% in the 4th 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 bought a new stake in Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC boosted its position in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after buying an additional 55 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores during the fourth quarter valued at about $31,000. Finally, Brooklyn Investment Group purchased a new position in shares of Burlington Stores in the third quarter worth about $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.