Burlington Stores (NYSE:BURL) Stock Price Down 6.8% – Here’s What Happened

Burlington Stores, Inc. (NYSE:BURL) shares traded down 6.8% on Thursday . The stock traded as low as $227.52 and last traded at $226.70. 278,557 shares changed hands during trading, a decline of 75% from the average session volume of 1,106,062 shares. The stock had previously closed at $243.25.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BURL. Citigroup reduced their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. TD Cowen lifted their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. UBS Group boosted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Evercore ISI raised their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Barclays boosted their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Burlington Stores Stock Performance

The company has a fifty day moving average price of $265.36 and a two-hundred day moving average price of $268.85. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company has a market capitalization of $14.50 billion, a P/E ratio of 31.34, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc raised its stake in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores during the 3rd quarter worth about $26,000. Fortitude Family Office LLC raised its position in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores in the 4th quarter valued at about $31,000. Finally, Brooklyn Investment Group bought a new stake in shares of Burlington Stores during the 3rd quarter valued at about $33,000.

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.