Burlington Stores (NYSE:BURL) Stock Price Up 13.3%

Burlington Stores Inc (NYSE:BURL)’s share price rose 13.3% on Monday . The company traded as high as $159.83 and last traded at $159.21, approximately 1,304,134 shares traded hands during mid-day trading. An increase of 42% from the average daily volume of 921,362 shares. The stock had previously closed at $140.56.

BURL has been the topic of a number of analyst reports. Nomura restated a “buy” rating on shares of Burlington Stores in a research note on Wednesday, April 1st. DA Davidson raised their price target on Burlington Stores from $125.00 to $130.00 in a research note on Thursday, December 19th. Royal Bank of Canada restated a “buy” rating and issued a $175.00 price target on shares of Burlington Stores in a research note on Wednesday, March 25th. Morgan Stanley cut their price target on Burlington Stores from $258.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Finally, Evercore ISI began coverage on Burlington Stores in a research report on Friday, February 14th. They set a “hold” rating and a $225.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $225.05.

The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 6.29. The stock has a fifty day moving average of $195.10 and a 200-day moving average of $208.99. The stock has a market cap of $9.31 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 6.59 and a beta of 0.64.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, March 5th. The company reported $3.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.02. Burlington Stores had a return on equity of 131.83% and a net margin of 6.38%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the company posted $2.83 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Equities research analysts forecast that Burlington Stores Inc will post 6.52 earnings per share for the current fiscal year.

In other Burlington Stores news, Chairman Thomas Kingsbury sold 25,000 shares of Burlington Stores stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $231.89, for a total value of $5,797,250.00. Following the sale, the chairman now owns 141,441 shares of the company’s stock, valued at approximately $32,798,753.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 2,000 shares of Burlington Stores stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $150.01, for a total value of $300,020.00. Following the completion of the sale, the chief marketing officer now directly owns 39,353 shares in the company, valued at approximately $5,903,343.53. The disclosure for this sale can be found here. 1.86% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. Driehaus Capital Management LLC lifted its position in shares of Burlington Stores by 62.1% during the 4th quarter. Driehaus Capital Management LLC now owns 2,319 shares of the company’s stock valued at $529,000 after acquiring an additional 888 shares during the period. AQR Capital Management LLC lifted its position in shares of Burlington Stores by 197.5% during the 4th quarter. AQR Capital Management LLC now owns 124,073 shares of the company’s stock valued at $28,292,000 after acquiring an additional 82,364 shares during the period. Virtu Financial LLC lifted its position in shares of Burlington Stores by 11.4% during the 3rd quarter. Virtu Financial LLC now owns 2,875 shares of the company’s stock valued at $574,000 after acquiring an additional 294 shares during the period. Redwood Investment Management LLC lifted its position in shares of Burlington Stores by 36.0% during the 3rd quarter. Redwood Investment Management LLC now owns 5,168 shares of the company’s stock valued at $1,033,000 after acquiring an additional 1,368 shares during the period. Finally, Columbus Circle Investors lifted its position in shares of Burlington Stores by 356.6% during the 4th quarter. Columbus Circle Investors now owns 175,587 shares of the company’s stock valued at $40,039,000 after acquiring an additional 137,129 shares during the period.

Burlington Stores Company Profile (NYSE:BURL)

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

Further Reading: Buy Rating

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