Burlington Stores (NYSE:BURL) PT Lowered to $218.00 at Morgan Stanley

Burlington Stores (NYSE:BURL) had its price objective lowered by Morgan Stanley from $233.00 to $218.00 in a report released on Monday, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Evercore ISI upped their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the company an outperform rating in a research note on Friday, February 23rd. Telsey Advisory Group restated an outperform rating and issued a $250.00 target price (up previously from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. UBS Group upgraded shares of Burlington Stores from a sell rating to a neutral rating and boosted their target price for the company from $126.00 to $212.00 in a research note on Thursday, May 2nd. StockNews.com upgraded Burlington Stores from a hold rating to a buy rating in a research note on Saturday, March 9th. Finally, Piper Sandler upgraded Burlington Stores from a neutral rating to an overweight rating and upped their price objective for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $218.60.

Burlington Stores Stock Down 0.1 %

NYSE:BURL opened at $187.58 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The firm’s 50-day moving average price is $203.29 and its 200-day moving average price is $185.30. The company has a market capitalization of $11.98 billion, a PE ratio of 35.73, a P/E/G ratio of 1.08 and a beta of 1.54. Burlington Stores has a 1-year low of $115.66 and a 1-year high of $232.69.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the business posted $2.96 EPS. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, equities analysts predict that Burlington Stores will post 7.41 EPS for the current fiscal year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the sale, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new position in shares of Burlington Stores in the fourth quarter valued at about $1,875,000. Amalgamated Bank lifted its holdings in Burlington Stores by 416.8% in the 4th quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock worth $7,290,000 after purchasing an additional 30,233 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in Burlington Stores in the 4th quarter worth approximately $3,540,000. State of Alaska Department of Revenue boosted its stake in Burlington Stores by 77.8% in the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock worth $3,204,000 after purchasing an additional 7,210 shares during the period. Finally, State of Michigan Retirement System purchased a new stake in Burlington Stores during the 4th quarter valued at approximately $3,034,000.

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.