Burlington Stores (NYSE:BURL) Stock Price Up 5% – What’s Next?

Burlington Stores, Inc. (NYSE:BURL)’s stock price rose 5% on Monday . The company traded as high as $296.19 and last traded at $295.97. Approximately 206,277 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 897,504 shares. The stock had previously closed at $281.88.

Analyst Ratings Changes

Several research analysts recently weighed in on BURL shares. The Goldman Sachs Group lifted their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. TD Cowen raised their price objective on Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Citigroup boosted their target price on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group raised their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, August 19th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Trading Up 4.3 %

The stock’s 50 day simple moving average is $262.90 and its two-hundred day simple moving average is $251.37. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.48. The stock has a market capitalization of $18.66 billion, a PE ratio of 38.61, a PEG ratio of 1.44 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the company posted $0.98 EPS. Burlington Stores’s revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.92 EPS for the current year.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.91% of the company’s stock.

Institutional Investors Weigh In On Burlington Stores

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BURL. Wilmington Savings Fund Society FSB purchased a new position in Burlington Stores during the 3rd quarter valued at about $57,000. Sanctuary Advisors LLC increased its stake in shares of Burlington Stores by 30.7% during the third quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company’s stock valued at $760,000 after buying an additional 624 shares during the period. Toronto Dominion Bank raised its holdings in shares of Burlington Stores by 29.8% during the third quarter. Toronto Dominion Bank now owns 8,062 shares of the company’s stock valued at $2,124,000 after acquiring an additional 1,851 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in Burlington Stores in the third quarter worth $239,000. Finally, Geode Capital Management LLC boosted its holdings in Burlington Stores by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after acquiring an additional 18,160 shares in the last quarter.

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.