Burlington Stores, Inc. (NYSE:BURL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Burlington Stores, Inc. (NYSE:BURLGet Free Report) have been given an average rating of “Moderate Buy” by the fifteen analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $246.87.

Several research analysts have issued reports on BURL shares. UBS Group boosted their target price on Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Robert W. Baird upped their price objective on Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Evercore ISI boosted their target price on shares of Burlington Stores from $250.00 to $274.00 and gave the company an “outperform” rating in a research note on Friday, May 31st. Finally, Wells Fargo & Company raised their price target on shares of Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st.

Get Our Latest Analysis on BURL

Institutional Investors Weigh In On Burlington Stores

Hedge funds have recently made changes to their positions in the stock. 1832 Asset Management L.P. grew 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 worth $201,135,000 after purchasing an additional 775,961 shares during the last quarter. Norges Bank purchased a new position in Burlington Stores during the 4th quarter worth $145,471,000. Bain Capital Public Equity Management II LLC purchased a new stake in Burlington Stores in the fourth quarter valued at about $100,164,000. Los Angeles Capital Management LLC raised its stake in 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 during the last quarter. Finally, Coatue Management LLC acquired a new stake in Burlington Stores in the fourth quarter worth about $77,735,000.

Burlington Stores Stock Performance

NYSE:BURL opened at $240.00 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. The stock’s fifty day moving average is $208.97 and its 200 day moving average is $203.84. The firm has a market capitalization of $15.32 billion, a PE ratio of 40.20, a PEG ratio of 1.28 and a beta of 1.61. Burlington Stores has a fifty-two week low of $115.66 and a fifty-two week high of $245.43.

Burlington Stores (NYSE:BURLGet Free Report) last released its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.38. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.84 EPS. On average, sell-side analysts anticipate that Burlington Stores will post 7.6 earnings per share for the current year.

About Burlington Stores

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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.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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