Burlington Stores Inc (NYSE:BURL) has received a consensus recommendation of “Buy” from the seventeen research firms that are covering the stock. Two research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $96.02.
Several brokerages have issued reports on BURL. Zacks Investment Research raised Burlington Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, January 31st. Vetr raised Burlington Stores from a “hold” rating to a “strong-buy” rating and set a $99.50 target price on the stock in a research report on Wednesday, January 18th. Telsey Advisory Group raised Burlington Stores from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $91.00 to $110.00 in a research report on Friday, March 3rd. They noted that the move was a valuation call. Royal Bank of Canada raised their target price on Burlington Stores from $91.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, March 3rd. Finally, TheStreet raised Burlington Stores from a “hold” rating to a “buy” rating in a research report on Tuesday, January 3rd.
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Burlington Stores (NYSE:BURL) opened at 93.43 on Tuesday. The stock’s 50 day moving average price is $88.45 and its 200 day moving average price is $83.51. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of 31.04 and a beta of 0.54. Burlington Stores has a one year low of $51.19 and a one year high of $97.94.
Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 2nd. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.08. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Burlington Stores had a negative return on equity of 193.88% and a net margin of 3.48%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $1.49 earnings per share. Equities analysts predict that Burlington Stores will post $3.90 earnings per share for the current fiscal year.
In related news, VP John Crimmins sold 7,335 shares of Burlington Stores stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $94.20, for a total transaction of $690,957.00. Following the sale, the vice president now owns 17,353 shares of the company’s stock, valued at approximately $1,634,652.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Sullivan sold 6,959 shares of Burlington Stores stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $94.05, for a total value of $654,493.95. Following the sale, the director now directly owns 8,107 shares in the company, valued at approximately $762,463.35. The disclosure for this sale can be found here. Insiders sold 34,294 shares of company stock worth $3,205,451 in the last ninety days. Corporate insiders own 2.21% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of Burlington Stores by 18.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 8,470,940 shares of the company’s stock valued at $686,316,000 after buying an additional 1,317,448 shares during the period. Victory Capital Management Inc. increased its stake in shares of Burlington Stores by 481.7% in the third quarter. Victory Capital Management Inc. now owns 1,263,253 shares of the company’s stock valued at $102,349,000 after buying an additional 1,046,075 shares during the period. AQR Capital Management LLC increased its stake in shares of Burlington Stores by 117.4% in the fourth quarter. AQR Capital Management LLC now owns 1,127,349 shares of the company’s stock valued at $95,543,000 after buying an additional 608,706 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Burlington Stores during the third quarter valued at about $88,045,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Burlington Stores by 88.4% in the third quarter. JPMorgan Chase & Co. now owns 1,043,695 shares of the company’s stock valued at $84,560,000 after buying an additional 489,825 shares during the period.
About Burlington Stores
Burlington Stores, Inc is a retailer of branded apparel. The Company has approximately 570 stores, inclusive of an Internet store, in over 45 states of the United States and Puerto Rico, and diversified its product categories by offering a selection of in-season, fashion-focused merchandise, including: women’s ready-to-wear apparel, menswear, youth apparel, baby, footwear, accessories, home and coats.
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