Burlington Stores Inc (BURL) Receives Consensus Recommendation of “Buy” from Brokerages

Burlington Stores Inc (NYSE:BURL) has been assigned a consensus rating of “Buy” from the twenty-three brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $179.56.

Several brokerages recently issued reports on BURL. Zacks Investment Research lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Buckingham Research upped their target price on shares of Burlington Stores from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. Deutsche Bank upped their target price on shares of Burlington Stores from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. Telsey Advisory Group upped their target price on shares of Burlington Stores from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Finally, Loop Capital set a $180.00 target price on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Thursday, August 30th.

In related news, CEO Thomas Kingsbury sold 20,000 shares of the stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $172.65, for a total value of $3,453,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marc Katz sold 7,500 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $173.00, for a total transaction of $1,297,500.00. Following the completion of the transaction, the chief financial officer now directly owns 107,757 shares of the company’s stock, valued at $18,641,961. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,413 shares of company stock valued at $17,274,120. 1.91% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First National Bank of Omaha grew its holdings in Burlington Stores by 19.8% in the third quarter. First National Bank of Omaha now owns 1,895 shares of the company’s stock worth $309,000 after purchasing an additional 313 shares during the period. People s United Financial Inc. grew its holdings in shares of Burlington Stores by 0.5% during the second quarter. People s United Financial Inc. now owns 60,086 shares of the company’s stock valued at $9,045,000 after buying an additional 324 shares during the last quarter. Commerce Bank grew its holdings in shares of Burlington Stores by 19.5% during the third quarter. Commerce Bank now owns 2,233 shares of the company’s stock valued at $364,000 after buying an additional 365 shares during the last quarter. Alpine Woods Capital Investors LLC grew its holdings in shares of Burlington Stores by 7.7% during the third quarter. Alpine Woods Capital Investors LLC now owns 5,386 shares of the company’s stock valued at $877,000 after buying an additional 386 shares during the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Burlington Stores by 2.9% during the third quarter. Aperio Group LLC now owns 16,220 shares of the company’s stock valued at $2,643,000 after buying an additional 454 shares during the last quarter.

Shares of BURL traded up $5.31 during mid-day trading on Monday, reaching $171.07. 96,500 shares of the stock traded hands, compared to its average volume of 1,667,980. The firm has a market capitalization of $11.17 billion, a P/E ratio of 38.88, a price-to-earnings-growth ratio of 1.25 and a beta of 0.35. The company has a debt-to-equity ratio of 5.63, a current ratio of 1.00 and a quick ratio of 0.24. Burlington Stores has a 1 year low of $103.98 and a 1 year high of $180.27.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Wednesday, November 28th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.15. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. Burlington Stores had a net margin of 7.12% and a return on equity of 293.30%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 EPS. On average, analysts expect that Burlington Stores will post 6.37 earnings per share for the current year.

Burlington Stores Company Profile

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, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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Analyst Recommendations for Burlington Stores (NYSE:BURL)

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