Burlington Stores (NYSE:BURL) Stock Rating Upgraded by UBS Group

Burlington Stores (NYSE:BURL) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat reports. The brokerage currently has a $360.00 target price on the stock, up from their previous target price of $280.00. UBS Group’s price objective would suggest a potential upside of 26.04% from the stock’s previous close.

Several other brokerages have also commented on BURL. Robert W. Baird lifted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays reduced their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. Morgan Stanley lifted their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Citigroup increased their price objective on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $313.00.

Burlington Stores Stock Up 1.6 %

Shares of NYSE BURL opened at $285.63 on Friday. The business has a 50-day moving average of $280.29 and a two-hundred day moving average of $264.88. The company has a market capitalization of $18.13 billion, a price-to-earnings ratio of 39.13, a price-to-earnings-growth ratio of 1.58 and a beta of 1.63. 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 announced its quarterly earnings results 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 firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, analysts forecast that Burlington Stores will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Institutional Trading of Burlington Stores

Institutional investors have recently added to or reduced their stakes in the stock. M&T Bank Corp lifted its position in shares of Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after acquiring an additional 47 shares during the period. Tributary Capital Management LLC raised its holdings in Burlington Stores by 1.0% during the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after purchasing an additional 50 shares during the last quarter. Mount Lucas Management LP boosted its position in Burlington Stores by 2.4% during the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after purchasing an additional 54 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Burlington Stores by 5.5% in the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after buying an additional 54 shares in the last quarter. Finally, Fortitude Family Office LLC raised its stake in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares during 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.